Latest news with #Schlumberger
Yahoo
17 hours ago
- Business
- Yahoo
Why Hedge Funds are Piling into Schlumberger (SLB)
Schlumberger Limited (NYSE:SLB) is included among the Best Crude Oil Stocks to Buy According to Hedge Funds. An aerial view of a well site, depicting the scale of oil and gas operations. Schlumberger Limited (NYSE:SLB) announced earlier this month that it has completed the acquisition of ChampionX, bringing the latter's $850 million in revenue and $190 million in adjusted EBITDA into Schlumberger starting August 1. The transaction is expected to deliver $400 million in annual pre-tax synergies within three years of closing through revenue growth and cost savings. Following the integration of ChampionX, SLB expects second-half 2025 revenue to be between $18.2 billion and $18.8 billion. Schlumberger Limited (NYSE:SLB) announced a quarterly cash dividend of $0.285 per share this month and currently boasts an annual dividend yield of 3.17%. The company also reiterated its target to pay $4 billion through dividends and share repurchases this year, staying true to its commitment of returning more than 50% of its free cash flow to shareholders. Ariel Investments stated the following regarding Schlumberger Limited (NYSE:SLB) in its Q2 2025 investor letter: 'Shares of Schlumberger Limited (NYSE:SLB), the largest oilfield services company in the world by revenue, also underperformed amidst falling oil prices and trade tensions. While quarterly earnings came in slightly behind expectations, the market appears more concerned with the rising supply and weak macroeconomic conditions weighing on energy prices and oilfield services demand going forward. Nonetheless, we believe there are tailwinds supporting rising demand over the medium-term, as national oil companies invest in long-cycle projects to grow capacity and address the natural decline of production. We think SLB is the best positioned among the oilfield services companies, given their leading scale and expertise across nearly every product and service category, as well as their exposure to more resilient international markets. In the long run, we expect SLB will continue to evolve their capabilities to help clients with rising energy needs going forward.' Schlumberger Limited (NYSE:SLB) is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the global energy industry. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Halliburton Company (HAL)'s Having A Hard Time, Says Jim Cramer
We recently published . Halliburton Company (NYSE:HAL) is one of the stocks Jim Cramer recently discussed. Halliburton Company (NYSE:HAL) is a mega oil and gas production equipment provider. The shares have lost 18% year-to-date, as, like its peer Schlumberger, the firm has yet to recover losses after President Trump's April Liberation Day tariff announcements, which sent Halliburton Company (NYSE:HAL) down by 25%. In his earlier remarks about the firm, Cramer speculated that the stock could bottom at a 3.25% yield. The current yield is 2.99%. In this appearance, the CNBC TV host discussed Halliburton Company (NYSE:HAL) in the context of oil prices: 'But not as many as you would think. I mean, look, oil and gas, you would think that would be terrible with oil in the 60s, they're doing pretty well. Well . .Halliburton [has had] a hard time. . . But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there's an industry that's got customers for the rest of its duration.' Copyright: 1971yes / 123RF Stock Photo Here are Cramer's earlier remarks about Halliburton Company (NYSE:HAL): 'No, I think Halliburton, look, it's probably going to bottom at 3 and a quarter yield, but I can't recommend it because it's got, it's domestic drilling, and oil's come down so much in our country that I think that the president, as much as he went 'drill, baby drill', it's not happening. It's not happening. So I can't encourage you there. I'm sorry, I feel terrible about that, but I can't.' While we acknowledge the potential of HAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Schlumberger Limited (SLB)'s Having A Hard Time, Says Jim Cramer
We recently published . Schlumberger Limited (NYSE:SLB) is one of the stocks Jim Cramer recently discussed. Schlumberger Limited (NYSE:SLB) is one of the biggest oil and gas equipment providers in the world. Its shares have lost 8% year-to-date as they have yet to recover from the devastating 24% dip in April after President Trump announced his Liberation Day tariffs. However, Schlumberger Limited (NYSE:SLB)'s shares have gained 4.5% over the past month as the firm has benefited from a robust second-quarter earnings report, which saw its $8.6 billion in revenue and $0.74 in earnings beat analyst estimates of $7.3 billion and $ discussed Schlumberger Limited (NYSE:SLB) in the context of the oil industry and oil prices: 'But not as many as you would think. I mean, look, oil and gas, you would think that would be terrible with oil in the 60s, they're doing pretty well. Well, Schlumberger [has] a hard time. . .But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there's an industry that's got customers for the rest of its duration.' Previously, Cramer was quite bearish on Schlumberger Limited (NYSE:SLB) as he advised a viewer to simply keep watching the stock: 'Keep watching, no pull trigger. Why? Because I do not like the oil stocks. I don't need them, don't want them.' While we acknowledge the potential of SLB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
5 days ago
- Entertainment
- Mint
From eagles to ravens, ideas on how to wear bird-inspired fashion
Earlier this month, rapper Cardi B attended the Schiaparelli Haute Couture Fall/Winter 2025/2026 fashion show at the Paris Haute Couture Week with her best friend acting as a rather eccentric accessory. This said 'friend' was a raven whom the rapper held stoically as she posed for the paps. As a report by People magazine claims, the rapper exclaimed 'We are best friends!" Going back to how the avian world has inspired and continues to inspire designers and labels, one wouldn't be too amiss to say that 'fashion and birds" are best friends too. In February, American designer Thom Browne's Fall 2025 collection, themed Birds of a Feather, coats and skirts sported motifs inspired by canaries and barrel-chested flycatchers. And Rahul Mishra's Spring Summer 2025 collection that was showcased in Paris featured 'Raven's Flight", an LBD that featured ravens in 3D embroidery design, no less! Be it their vivid colours, their otherworldly plumage, their poses or their birdsong, it's easy to see why these winged creatures are constant sources of creative inspiration to couturiers and jewellery designers alike. This week, Lounge's roundup takes a cue from avian-inspired fashion and includes objets from a silver eagle-headed belt to feathered shoes and pretty dresses with bird motifs. FREE BIRD Homegrown label Khara Kapas' pre-fall 2023 menswear collection takes inspiration from the plumage of birds – from crested cranes to cardinals, jays and even the albatross. With ravens being popular, this black lino printed 'Raven Wing" mul shirt with lapel collars and one welt pocket gets our vote. Available on ₹7,000. GARDEN VARIETY Italian designer Roberto Cavalli took constant inspiration from flora and fauna and wasn't afraid to play with rich – almost gaudy – prints on his clothes. Birds were a part of his canvas, naturally. This pure silk blazer from the label is a good example of how the designer could meld busy prints with a modern silhouette to create a standout outfit. The blazer features a motif of flowering branches and pheasants that's beautifully juxtaposed over the label's iconic python print in a monochrome shade. Available on ₹2.96 lakh. PERCH UP When he was alive, French jewellery designer Jean Schlumberger had created some iconic designs for luxury brand, Tiffany & Co. One of the designs was the 'Bird on a Rock" brooch that was inspired by a yellow cockatoo that Schlumberger had encountered. This brooch is a recreation of Schlumberger's design and features a bird encrusted with diamonds, a pink sapphire and perched upon an emerald-cut tanzanite 'rock". Precious? You bet. Available on Price on request. HIGH FLYING Birds can liven up everyday outfits too, as this design from indie label Paulmi and Harsh shows. Tailored from soft malai Chanderi, the anarkali features a print of florals and birds with embroidery on the yoke and sleeves and comes with a matching scarf. Available on ₹20,800. SET AFLIGHT Designer Alexander McQueen's fifth collection, presented in 1995, was called The Birds, and was inspired, as per Wikipedia, by a study of birds and Alfred Hitchcock's movie, The Birds. This pair of pointed toe T-strap sandals from the label is rather in your face with it's avian love, as it features intricately crafted leather feathers. Fashion sure takes flight here. Available on ₹3.50 lakhs. FEATHER SCIENCE Here's another entrancing example of avian-themed fashion from designer Thom Browne. This pleated skirt made from luxurious silk twill features delicate feathers which symbolize bird migration patterns, seasonal shifts, and new beginnings. Available on ₹2.25 lakhs. TEA WINGS Sipping coffee out of a bird-shaped cup is as cute as it sounds. The Kawki collection created by Polish designer Aleksandra Zeromska for Lladro takes that idea and gives it a extremely adorable, gold-plated tweak. Inspired by Slavic folklore and by Zeromska's love for birds, the name of the collection 'Kawki" comes from a Polish word that could mean, 'a small coffee" or 'a kind of bird". Available on ₹1.56 lakh. PRETTY POUCH The chickadee bird is found in North America and is named so for its distinctive 'chick-a-dee-dee-dee" birdcall. This Judith Leiber Couture's clutch is designed to resemble the small-sized bird and comes encrusted with colorful, light-catching crystals and a detachable chain strap. Available on ₹7.79 lakhs. BEAK HEAD Distinct silhouettes of certain birds lends them to be designed as accessories. This intricately designed, silver-toned eagle head, for instance, serves as an impressive belt buckle in this Enfants Riches Déprimés' leather belt. Available on ₹2.73 lakh.
Iraqi News
23-07-2025
- Business
- Iraqi News
Iraq, Schlumberger sign deal to develop Akkas gas field
Baghdad ( – The Iraqi Ministry of Oil revealed on Tuesday that it signed a deal with Schlumberger, an international oilfield services firm, to develop the Akkas gas field in the western Iraqi province of Anbar. The Iraqi Minister of Oil, Hayan Abdul-Ghani, described the step as a major and long-awaited accomplishment done by the ministry and the Midland Oil Company (MOC), according to a statement cited by the Iraqi News Agency (INA). A previous agreement with a Ukrainian company to develop the gas field was subsequently cancelled, according to Abdul-Ghani. Last week, Deputy Oil Minister Basim Khudair said that Schlumberger had begun operations in the Akkas gas field, confirming that foreign oil corporations are increasingly interested in investing in Iraqi oil resources. The Iraqi government approved last April the MOC's rapid development plan for western Iraq's Akkas gas field. According to the Prime Minister's Office (PMO), Schlumberger will carry out the initial phase of the field's development, with output expected to reach 100 million cubic feet of gas per day within a year. The Akkas gas field, which has large reserves, was being developed by Korea Gas Corporation (KOGAS), a South Korean public natural gas firm, before Ukrzemresurs, a Ukrainian oil corporation, concluded a deal for the project. Izzat Sabir, the Oil Ministry's Undersecretary for Gas Affairs, mentioned earlier that the gas field's output will rise to 400 million cubic feet per day during the next four to five years. The Akkas gas field, found in 1992, has around 5.6 trillion cubic feet of confirmed natural gas reserves.
