Schlumberger NV


SKU: SLB-1 Category:


Schlumberger has benefitted from the growing oil industry activity by leveraging the strength of its core, its global reach, and its technology, showcasing its capacity to seize growth in every land and offshore basin. The company delivered another all-around beat with significant growth in revenue as well as margin expansion. All of the Middle East and Asia Geo units, as well as all of Latin America, experienced sequential growth on a global scale. ECA growth was widespread throughout Europe, Scandinavia, and West Africa. The management also reports substantial offshore and onshore growth in North America’s increased drilling and completion activity. Besides, their second quarter sequential growth in most regions and in support of all divisions was largely due to the increase in offshore activity, particularly deepwater. During the quarter, they also collaborated with Hyzon Motors to reduce upstream oil and gas operations emissions. In short, 2022 will undoubtedly be a great year for Schlumberger. We are bullish on their stock and give it a ‘Buy’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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