Schlumberger Limited (SLB) has been trending notably with significant activity from institutional investors. The company's performance in the stock market has been solid this year, outpacing broader market gains. SLB has entered an agreement to divest its WesternGeco assets to Shearwater, secured a deal to drill wells in Southern Iraq, and formed a joint venture. Despite a dip in Q4, the firm rebounded, exceeding EPS projections and revenue estimates in Q1 2024. Challenges such as declining oil prices have been a concern but it remains well-positioned with backing from shareholders and promising potential future earnings.
Schlumberger Limited SLB News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Wed, 08 May 2024 13:00:14 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -8
