SCL.L - Schlumberger Limited

LSE - LSE Delayed price. Currency in USD
46.30
0.00 (0.00%)
At close: 3:11PM BST
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Previous close46.30
Open33.00
Bid0.00 x 0
Ask0.00 x 0
Day's range33.00 - 33.00
52-week range33.00 - 6,536.00
Volume1,630
Avg. volume8,050
Market cap42.735B
Beta (3Y monthly)0.68
PE ratio (TTM)31.07
EPS (TTM)1.49
Earnings dateN/A
Forward dividend & yield2.00 (4.32%)
Ex-dividend date2019-09-03
1y target estN/A
  • Reuters - UK Focus

    GLOBAL MARKETS-Dollar weakens on Brexit, shares sapped by weaker China growth

    The dollar posted its worst week in almost four months on Friday, pummelled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities. The dollar crept lower against the euro as the common currency enjoyed a lift from hopes a Brexit deal could improve the odds of the euro zone avoiding a recession. Dismal manufacturing data and worries the U.S.-China trade war could slow euro zone economies even further have rattled the euro this year, while fears of a disorderly Brexit had slammed sterling until a week ago.

  • Schlumberger Stock Rises on Strong Q3 Earnings
    Market Realist

    Schlumberger Stock Rises on Strong Q3 Earnings

    Schlumberger (SLB) announced its third-quarter results today. The company's revenue rose 3% sequentially to $8.5 billion in the quarter.

  • Schlumberger Rips Off Band-Aid With $12.7 Billion Writedown
    Bloomberg

    Schlumberger Rips Off Band-Aid With $12.7 Billion Writedown

    (Bloomberg) -- Wall Street guessed that writedowns from Schlumberger Ltd. were coming, but some analysts were taken aback by the sheer size of the $12.7 billion in pretax charges reported by the oil services company on Friday.The company’s earnings report was its first since Chief Executive Officer Olivier Le Peuch took the reins in August. The writedowns led the company to post its largest net quarterly loss in at least a decade. Schlumberger said on its earnings conference call that the writedowns were part of the new CEO’s strategy.The size of the charges was “eyebrow-raising,” analysts at Tudor, Pickering, Holt & Co. said in a note after the report was released. “Better to rip Band-Aid off sooner vs. later.”Nonetheless, net income excluding one-time items was 43 cents a share, exceeding all 27 estimates from analysts in a Bloomberg survey. Schlumberger’s stock climbed as much as 4.1% in New York trading and was up 2.3% to $32.62 at 11:39 a.m. Eastern time. Most of the charges -- $8.8 billion -- comprised writedowns on goodwill, the intangible asset on a corporate balance sheet that typically arises after the acquisition of another company. Schlumberger cited its 2010 purchase of Smith International Inc. and its takeover of Cameron International Corp. in 2016, and the subsequent deterioration in market conditions.Schlumberger also reported a $1.58 billion charge related to its pressure-pumping business in North America, where the fracking industry is slowing. Citing “ongoing economic challenges in Argentina,” it recorded $127 million of charges due to its activities in the country. It also had $62 million of severance costs in the quarter.(Adds comparison to estimates and share price in fourth paragraph)To contact the reporters on this story: Simon Casey in New York at scasey4@bloomberg.net;David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe Carroll, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Schlumberger takes $12 billion charge as CEO charts new course
    Reuters

    Schlumberger takes $12 billion charge as CEO charts new course

    The move, by Olivier Le Peuch, writes down his predecessors' big investments that took the world's largest oilfield services company deeper into shale and oilfield operations and shows that he intends to shift the company toward more asset-light software and services-driven businesses. Excluding the charges, Schlumberger earned 43 cents a share, above the 40 cents estimated by analysts. While revenue, at $8.5 billion, was flat compared with the same period a year earlier, sales rose in all regions except for North America.

  • Reuters - UK Focus

    US STOCKS-Futures flat as China data gloom overshadows upbeat earnings

    U.S. stock index futures were little changed on Friday, as better-than-expected earnings reports were overshadowed by fresh jitters about the global economy after economic data from China revealed growth slowed to its weakest pace in almost 30 years. Oilfield services provider Schlumberger NV also gained 1.8% following a quarterly profit beat. The reporting season kicked off on a strong note this week, with solid results from major banks, healthcare giants and streaming pioneer Netflix Inc. The S&P 500 and Dow Jones Industrial Average indexes were on pace to cap their second week in gains.

  • Investing.com

    Top 5 Things to Know in the Market on Friday

    Investing.com -- China's economy grew at its slowest rate in nearly 30 years in the third quarter, and Boris Johnson is battling to get his Brexit deal through a recalcitrant House of Commons, while Saudi Arabia has postponed the IPO of national company Saudi Aramco - again. Here's what you need to know in financial markets on Friday, 18th October.

  • Is Schlumberger Limited's (NYSE:SLB) ROE Of 5.9% Concerning?
    Simply Wall St.

    Is Schlumberger Limited's (NYSE:SLB) ROE Of 5.9% Concerning?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Better Buy: Baker Hughes vs. Schlumberger
    Motley Fool

    Better Buy: Baker Hughes vs. Schlumberger

    These two oil services giants have lost roughly two-thirds of their value over the past five years. Is one a better buy than the other today?

  • Schlumberger NV (SLB) Q2 2019 Earnings Call Transcript
    Motley Fool

    Schlumberger NV (SLB) Q2 2019 Earnings Call Transcript

    SLB earnings call for the period ending June 30, 2019.

  • Reuters

    Schlumberger names new CEO as North American business faces softer demand

    The oilfield services provider also posted higher-than-expected second-quarter revenue and a year-over-year profit increase, as demand in international markets countered weakness in North America. Its earnings of 35 cents a share were in line with analysts' expectations, but shares fell as much as 3% in early trading amid forecasts for continued soft demand for oilfield services in North America. "North America remains a challenging environment," Le Peuch told investors on Friday during a conference call, pointing to softer pricing and an overcapacity of equipment, particularly in hydraulic fracturing.

  • Reuters

    Investors look to tech whiz to set a new course at Schlumberger

    The 55-year-old Frenchman, appointed as Schlumberger's chief operating officer in February and seen as its CEO- in-waiting, is being watched for signs he plans to return the top oil services provider by revenue to its roots in high-tech equipment and services. Since current CEO Paal Kibsgaard took charge in August 2011, the company has overspent on costly program-management ventures, paid $430 million for pressure pumping gear as the market became oversaturated, and seen its share price tumble about 58%. Le Peuch, an electrical engineer by training with more than three decades at the company, is expected to take over this year from Kibsgaard.

  • Schlumberger Stock Upgraded: What You Need to Know
    Motley Fool

    Schlumberger Stock Upgraded: What You Need to Know

    Stifel finds a good old-fashioned value stock in the energy sector.

  • Schlumberger: Changes in Institutional Ownership
    Market Realist

    Schlumberger: Changes in Institutional Ownership

    Top Oilfield Services Stocks: Changes in Institutional OwnershipInstitutional investors added to their positionsTogether, the top ten institutional investors in Schlumberger (SLB) added 20.7 million Schlumberger shares to their positions in the

  • Schlumberger's Slow Revenue Growth Could Cause Problems
    Motley Fool

    Schlumberger's Slow Revenue Growth Could Cause Problems

    The company has been betting on a significant uptick in oil and gas spending that has yet to arrive.

  • Reuters

    Halliburton sees signs of price recovery, shares dip

    Better-than-expected revenue in North America, along with the company's claim that prices were bottoming out, initially drove shares in the oilfield services giant almost 5 percent higher after it published first quarter results. "I don't think there was anything in there to get people off the sidelines," said Jennifer Rowland, an analyst at brokerage Edward Jones, arguing the company's comments fell short of what was needed to shift sentiment around the industry. Halliburton and larger rival Schlumberger NV have been struggling with a tightening of spending by U.S. oil producers in response to shareholder pressure for greater returns following a period of heavy investment in shale.

  • Reuters

    Halliburton sees surge in global offshore spending in 2019

    Schlumberger said last week that investments by oil producers in international markets will increase by 7 percent to 8 percent this year, citing a 20 percent increase last quarter in offshore rig counts and growing exploration activity in Latin America, Africa and Asia. Halliburton's international revenue rose 11 percent in the first quarter, driven by gains in Mexico, Argentina and the Middle East.

  • Schlumberger NV (SLB) Q1 2019 Earnings Call Transcript
    Motley Fool

    Schlumberger NV (SLB) Q1 2019 Earnings Call Transcript

    SLB earnings call for the period ending March 31, 2019.

  • Schlumberger posts profit drop, sees international spending rising
    Reuters

    Schlumberger posts profit drop, sees international spending rising

    The oilfield services sector bellwether said it expects a 7 to 8 percent increase in investments by oil producers in markets outside North America, citing a 20 percent increase last quarter in offshore rig counts and growing exploration activity in Latin America, Africa and Asia.

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