Schlumberger's OneSubsea Lands Key Contract With BP To Power Deepwater Kaskida Project: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2024
0mins
Source: Benzinga
Schlumberger's Recent Contract: Schlumberger's OneSubsea joint venture secured a contract with BP for a subsea boosting system in the Kaskida project, marking their first EPC agreement for such technology, which aims to enhance production efficiency and reduce energy consumption.
Financial Performance: Despite reporting a 10.2% year-over-year revenue growth to $9.159 billion, Schlumberger's results fell short of expectations, leading to a 2.38% decline in share price to $40.41.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 50.030
Low
43.00
Averages
48.71
High
55.00
Current: 50.030
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Opportunity: The global subsurface exploration and production technology market exceeds $150 billion annually, and VisionWave's research aims to introduce next-generation sensing capabilities to address the long-standing lack of innovation in this sector, potentially providing substantial market opportunities for the company.
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See More
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