International Oilfield Services Giant Schlumberger Rolls Forward
Portfolio Pulse from
Schlumberger (SLB) has a market cap of $61.3 billion and a dividend yield of 2.6%. The company has initiated a $2.3 billion share buyback program. Over 80% of its 2024 revenue is expected from international operations. SLB has secured major multi-region, multi-year deepwater contracts with Shell.
January 22, 2025 | 3:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Schlumberger has secured significant deepwater contracts with Shell, enhancing its international revenue stream. The company is also executing a $2.3 billion share buyback program, which is likely to support its stock price.
The new contracts with Shell are likely to increase SLB's revenue from international operations, which already account for over 80% of its revenue. The share buyback program is investor-friendly and could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100