Schlumberger: Q4 Earnings Insights

January 22, 2021 Stu Turley Earnings, Oilfield Service
Schlumberger - Energy News Beat

Shares of Schlumberger (NYSE:SLB) rose 1.5% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 43.59% over the past year to $0.22, which beat the estimate of $0.17.

Revenue of $5,532,000,000 decreased by 32.77% from the same period last year, which beat the estimate of $5,250,000,000.

Guidance

Earnings guidance hasn’t been issued by the company for now.

Revenue guidance hasn’t been issued by the company for now.

How To Listen To The Conference Call

Date: Jan 22, 2021

View more earnings on SLB

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/2iwridd5

Price Action

Company’s 52-week high was at $37.73

Company’s 52-week low was at $11.87

Price action over last quarter: Up 60.16%

Company Description

Schlumberger is the world’s largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.

About Stu Turley 3379 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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