Significant developments include SLB's launch of the first AI-powered platform, Lumi, an innovation designed to accelerate AI implementation in the energy industry. SLB's digital and AI advancements are said to drive margin expansion, a prediction supported by Citi. However, fluctuations in stock prices have been observed with the SLB stock price up by 3% then dipping by 0.5% due to an analyst downgrade.
Beyond digital innovation, SLB is attracting investor attention with institutional investments from Oslo Asset Management and Citizens Financial increasing their shareholdings in SLB. The possession of $6.21 million holdings by Lmcg Investments LLC further supports this.
In other developments, despite a 6% decline this year, there is speculation of a potential recovery following Q2 results. Lastly, a significant development is SLB's purchase of ChampionX viewed largely as a strategic move that places Schlumberger a decade ahead.
Schlumberger Limited SLB News Analytics from Tue, 23 Jan 2024 08:00:00 GMT to Sat, 21 Sep 2024 09:00:34 GMT - Rating 7 - Innovation 7 - Information 8 - Rumor -3
