Schlumberger Ltd. (SLB) Shares Rise on 'Excellent' Second Quarter Performance
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Go back to Schlumberger Ltd. (SLB) Shares Rise on 'Excellent' Second Quarter Performance
July 22, 2022 7:22 AM EDT
By Rithika Krishna and Liz Hampton
(Reuters) -Schlumberger NV on Friday raised its annual revenue forecast after beating analysts' second-quarter earnings expectations, buoyed by higher demand for its oilfield services and equipment.
The company has benefited from a boost in activity driven by stronger oil and gas prices. Global crude prices hovered above $100 per barrel last quarter, fuelled by tight supplies following Western sanctions on Russia, a major producer, and as energy consumption returned to near pre-pandemic levels.
"Despite near-term concerns of a global economic slowdown, the combination of energy security, favorable breakeven price and the... More
July 22, 2022 6:52 AM EDT
Schlumberger Ltd. (NYSE: SLB) reported Q2 EPS of $0.50, $0.10 better than the analyst estimate of $0.40. Revenue for the quarter came in at $6.8 billion versus the consensus estimate of $6.27 billion.
GUIDANCE:
Schlumberger Ltd. sees FY2022 revenue of at least $27 billion, versus the... More
July 21, 2022 10:37 AM EDT
Schlumberger Ltd. (NYSE: SLB) July weekly call option implied volatility is at 95, August is at 55; compared to its 52-week range of 36 to 62; into the expected release of quarter results before the bell on July 22. Call put ratio 2.5 calls to 1 put.
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July 21, 2022 5:58 AM EDT
Schlumberger Ltd. (NYSE: SLB) July weekly 34 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on July 22.
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