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Shares of Schlumberger (NYSE:SLB) moved higher by 1.7% in pre-market trading after the company reported Q2 results.
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Quarterly Results
Earnings per share were up 500.00% over the past year to $0.30, which beat the estimate of $0.26.
Revenue of $5,634,000,000 rose by 5.19% year over year, which beat the estimate of $5,500,000,000.
Looking Ahead
Schlumberger hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
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Conference Call Details
Date: Jul 23, 2021
Time: 09:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/hxncp7pe
Recent Stock Performance
Company's 52-week high was at $36.87
Company's 52-week low was at $13.70
Price action over last quarter: Up 7.89%
Company Overview
Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.