AdrianHancu Schlumberger (NYSE:SLB) reported a strong start to FY24 with revenue growing 13% paired with aEBITDA margin expansion. Though the firm came in shy of my forecast, management remains adamant that the firm will experience strong and durable growth in the coming quarters. In addition to improvements in international production, management reaffirmed their agreement to…
JHVEPhoto Introduction Houston-based Schlumberger Limited (NYSE:SLB) released its third quarter 2023 results on October 20, 2023. Note: As indicated regularly, I have followed SLB quarterly since December 2018. This article updates my article published on July 26, 2023. 1: 2Q23 Results Snapshot SLB again exceeded analyst expectations with third-quarter 2023 adjusted earnings of $0.78 per…
Chris Graythen/Getty Images News SLB (NYSE:SLB), formerly known as Schlumberger, has been a strong performer over the past year, benefitting from increasing oil & gas drilling and exploration spending as it is the world’s premiere oilfield services firm. Shares have rallied nearly 50% since I recommended buying SLB last October. Even after this run, I…