Schlumberger LimitedNYSE: SLB

Schlumberger Limited's strategic moves and partnerships, particularly with TotalEnergies, position it well for long-term growth. Diversification into production chemicals and AI, along with strong international demand, support Schlumberger Limited's potential for success. Attractive valuation, projected EPS growth, and commitment to shareholder returns make Schlumberger Limited a compelling investment opportunity.

SLB and TotalEnergies enter into a 10-year collaboration to co-develop scalable digital solutions, focusing on enhancing energy resource access and efficiency through advanced AI technologies.

Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion acquisition deal for smaller rival ChampionX.

After a 10% decline since the beginning of the year, at the current price of around $47 per share, we believe SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad - has upside potential in the longer run. In comparison, SLB's peer Halliburton stock (NYSE: HAL) is down 7% this year to $34.

Per the agreement, SLB will oversee the FEED for a 12-well, all-electric subsea production system project located in the Fram Sor field, offshore Norway.

In the most recent trading session, Schlumberger (SLB) closed at $47.52, indicating a +0.08% shift from the previous trading day.

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) will hold a conference call on July 19, 2024, to discuss the results for the second quarter ending June 30, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America.

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