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SLB predicts that new energy should be a $10 billion-a-year business by 2040, up from just from a tiny fraction of that amount now. At the same time, CEO Olivier Le Peuch, a Frenchman who took the ...
April 30, 2024 at 6:00 AM. Natural gas prices ( NG=F) are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going ...
Ines Ferré. March 28, 2024 at 6:21 AM. March has been a solid month for the S&P 500 ( ^GSPC) — and an even better one for oil- and gas-related stocks. As the month draws to a close, energy has ...
Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
1980s oil glut. The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process ...
Schlumberger (SLB) closed the most recent trading day at $35.85, moving -0.94% from the previous trading session.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schlumberger is outperform, with an average price target of $89.83. Is Schlumberger the right energy stock for you?