SCHLUMBERGER LIMITED/NV (SLB) Jul 2024 Earnings Report

Schlumberger N.V.: Investment Report

Overview

Schlumberger N.V. is a leading provider of technology for the energy industry worldwide, operating through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. With a market capitalization of $68.48 billion and a strong track record of financial performance, SLB is an attractive investment opportunity. This report provides an in-depth analysis of the company's financial performance, growth prospects, and recent news and updates, making a strong case for investment.

Core Metrics

  • Current price: $48.23 USD
  • 52-week high: $62.12
  • 52-week low: $42.61
  • Market Cap: $68.48 billion
  • P/E Ratio: 15.76
  • Earnings per Share: $3.06
  • 50-day average: $46.46
  • 200-day average: $50.56
  • Analyst Recommendations: Buy (28 analysts)

Financial Performance

SLB's latest financial performance has been impressive, with revenue growth of 0.117 and gross margins of 0.2018. The company's EBITDA margins of 0.2226 demonstrate its ability to maintain profitability. Additionally, SLB's strong cash position, with total cash of $4.03 billion and free cash flow of $2.77 billion, provides a solid foundation for future growth.

Growth Prospects

Schlumberger's growth prospects are promising, driven by its innovative digital platforms, increasing international demand, and partnerships with key industry players such as Aker BP. The company's recent deal with Aker BP to co-develop an AI-driven digital platform is expected to accelerate innovation and deliver substantial efficiency improvements across Aker BP's E&P operations.

News and Updates

Recent news highlights include SLB's voluntary delisting from Euronext Paris, a strategic move to simplify its listing structure and reduce costs. The company has also posted higher quarterly profits, driven by international demand for its drilling equipment and services.

Upgrades and Downgrades

Recently, Barclays reiterated its Overweight rating, while Evercore ISI Group and TD Cowen maintained their Outperform and Buy ratings, respectively. These positive analyst recommendations reflect the company's strong financial performance and growth prospects.

Summary

In conclusion, Schlumberger N.V. is a strong investment opportunity, with a track record of financial performance, promising growth prospects, and a solid foundation for future growth. With a Buy recommendation from 28 analysts and a strong cash position, SLB is well-positioned to continue delivering value to its shareholders.

Disclosures

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