The Latest Breaking News from SLB

The Dow and S&P 500 scored their biggest weekly gains since the early November election.

SLB stock is soaring Friday after the energy firm reported strong fourth-quarter earnings and unveiled several shareholder-friendly initiatives.

The energy sector offers value due to rising global demand, focus on energy security, market growth, regulatory support, technological advancements, and increasing oil and gas prices. Therefore, in this dynamic backdrop, it may be wise to consider undervalued energy stocks: Schlumberger (SLB), VAALCO Energy (EGY), and Obsidian Energy (OBE), which…

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Schlumberger is expected to announce its fourth-quarter results this month, and analysts predict a single-digit growth in the company’s bottom-line figure.

Although Schlumberger has underperformed relative to the energy sector over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.

Brokerage firm Morgan Stanley is bullish on cyclical stocks.

Schlumberger has underperformed the broader market in 2024, but Wall Street analysts are bullish about the stock’s prospects.

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