U.S. stock futures are trading mixed this morning, setting the stage for a potentially volatile session. Several companies are in focus ahead of their earnings releases, including American Express, Netflix, Procter & Gamble, Intuitive Surgical, and Schlumberger. Here’s a breakdown of what investors are watching.
MarketBeat’s MarketRank tool has identified the top three stocks for October based on a comprehensive analysis of over 1.5 million global listings. This article delves into the reasons behind the rankings, including the companies’ fundamentals, analyst sentiment, dividend yields, and growth potential.
Energy giant Schlumberger and tech leader NVIDIA have joined forces to develop cutting-edge generative AI solutions for the energy industry. This partnership aims to leverage AI to optimize operations, boost efficiency, and reduce carbon emissions, potentially revolutionizing the sector.
Schlumberger, a leading oilfield services company, has launched its Lumi data and AI platform, integrating advanced AI across the energy value chain. The Lumi platform offers a secure and open data environment for collaboration and improved decision-making. It leverages the latest large language models and SLB’s domain-specific models to facilitate AI adoption throughout the energy sector.
Schlumberger has successfully demonstrated sustainable lithium production at its Clayton Valley, Nevada, plant, showcasing a faster and more efficient method compared to traditional processes. The company’s innovative solution utilizes advanced technologies to produce high-purity lithium carbonate or hydroxide, minimizing environmental impact and accelerating the market availability of responsibly sourced lithium products.
Schlumberger, a leading oilfield services company, is expanding its operations in Russia despite the ongoing war in Ukraine. This move comes as its major Western competitors have exited the market. The company’s decision is fueled by the potential for increased revenues and the lack of comprehensive sanctions on oilfield services in Russia.
Schlumberger N.V. (SLB) reported strong financial results for the first quarter of 2024. The company’s revenue grew 13% year-over-year to $8.707 billion, beating analysts’ estimates. Adjusted earnings per share (EPS) increased 19% to 75 cents, in line with expectations. Schlumberger’s growth was driven by international markets, with revenue increasing 18% in the Middle East & Asia and 18% in Europe & Africa. The company’s North American market revenue declined 6% year-over-year. SLB announced a quarterly cash dividend of 27.5 cents per share, payable on July 11, 2024.
