Schlumberger Says Continues To Target To Return $2B To Shareholders This Year
Portfolio Pulse from Benzinga Newsdesk
Schlumberger, during a conference call, has reiterated its goal to return $2B to its shareholders this year.
October 20, 2023 | 1:50 pm
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POSITIVE IMPACT
Schlumberger's reaffirmation of its $2B return to shareholders could potentially boost investor confidence and positively impact its stock price.
Returning capital to shareholders is generally seen as a positive sign of a company's financial health and profitability. Schlumberger's reaffirmation of its commitment to return $2B to shareholders this year could therefore boost investor confidence in the company and potentially lead to an increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100