What to Expect from Schlumberger Earnings with OPEC+ and Record Natural Gas Production

The world’s largest oil fields service company Schlumberger report third quarter earnings Friday before the market open, stepping up this quarter’s Energy earnings. Last quarter $SLB increased its full fiscal year outlook as it’s EPS soared 66%. 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. The oil service giant results compare with its peers Baker Hughes (BKR) on Wednesday and Halliburton (HAL) … Continue reading “What to Expect from Schlumberger Earnings with OPEC+ and Record Natural Gas Production”

All Schlumberger Divisions Posted Double Digit Revenue Growth Revising Outlook Higher

The world’s largest oil fields service company Schlumberger reported better than expected earnings Friday. $SLB increased its full fiscal year outlook as it’s EPS soared 66%. SLB stock rose to $35.07 +1.44 (+4.28%) on the news. 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. The oil service giant followed mixed results from its peers Halliburton (HAL) on Tuesday beat earnings estimates. Baker … Continue reading “All Schlumberger Divisions Posted Double Digit Revenue Growth Revising Outlook Higher”

Halliburton Quarterly Profit Biggest Since 2018 With Oil and Gas Demand Pressure

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Tuesday before the market. HAL reported earnings per share of 49 cents from $5.1 billion in sales. Analysts were looking for EPS of 45 cents and $4.7 billion in sales. HAL stock was trading up 3.5% on the news. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through. The Baker Hughes oil rig count benefiting oil … Continue reading “Halliburton Quarterly Profit Biggest Since 2018 With Oil and Gas Demand Pressure”

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. The Baker Hughes oil rig count benefiting oil service companies have been recovering since falling off the cliff with the decreased activity in North America and the world since the Covid pandemic. Halliburton serves the upstream oil and … Continue reading “Halliburton Sees Multi Year Upcycle Unfolding With Increased Demand for Services”

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.