Schlumberger Well Construction and Reservoir Performance Lead Earnings With Higher Oil and Gas Price Rises

The world’s largest oil fields service company Schlumberger reported better than expected earnings Friday. Higher demand for its services and equipment, as producers capitalize on a rebound in crude and natural gas prices. Growth was driven by its core divisions: Well Construction and Reservoir Performance. SLB also announced a 40% increase in its quarterly cash dividend, from $0.125 per share to $0.175 per share. Schlumberger Ltd NYSE: SLB Reported Before Open Friday $0.39 EPS Beat $0.36 EPS AND $5.8 Bil Missed $5.9 Billion as Forecast in … Continue reading “Schlumberger Well Construction and Reservoir Performance Lead Earnings With Higher Oil and Gas Price Rises”

Halliburton Sees Multi Year Upcycle Unfolding With Increased Demand for Services

Oil and gas servicing giant Halliburton reported mixed third quarter earnings Tuesday before the market. EPS were as expected but revenue lower. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through.

Halliburton Earnings Rise as Multi Year Upcycle Unfolds

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Tuesday before the market. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through.

Schlumberger Sees Crude Demand Rebounding To Pre-Pandemic Levels By 2023

The world’s largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. Revenues in all four reporting segments of Schlumberger fell. Strength came from digital solutions and multiclient seismic license sales.

Halliburton Delivers Surprise Profit Despite Pandemic Hit Oil and Gas Industry

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Monday before the market with a surprise profit in Q2. $HAL’s aggressive approach to cutting costs flowed through. $HAL is ahead of Schlumberger’s report

Schlumberger Slashes Dividend First Time In Four Decades as Demand Crumbles

The world’s largest oil fields service company Schlumberger reported shutdown damaged Q1 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere accelerated by the oil price collapse.

Schlumberger International Oil and Gas Activity Continues To Offset North America Weakness

The world’s largest oil fields service company Schlumberger reported better than expected Q4 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere.

Halliburton International Momentum Continues, Short Squeeze Pops Stock Higher

Oil and gas servicing giant Halliburton reported in line third second quarter earnings Monday before the market but with lower revenue. $HAL followed earnings from Schlumberger.. $HAL said momentum building internationally and activity improvement should continue, the stock popped 8% squeezing short interest.

Schlumberger International Oil and Gas Activity Offset North America Pricing

The world’s largest oil fields service company Schlumberger reported better than expected Q3 earnings Friday. The report reflected the expected reduction in North America land activity and seasonal activity in the Northern Hemisphere.