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