Company Of The Day: Schlumberger
What?
Oilfield services major Schlumberger (NYSE:SLB) has committed to achieving net-zero greenhouse gas emissions by 2050. The company’s Transition Technologies portfolio will assist its customers and the broader industry in their decarbonization commitments.
Why?
- With The Stock Flat This Year, Will Q1 Results Drive SLB Stock Higher?
- Down 7% Already This Year, Will SLB Stock Recoup These Losses After Q4 Results?
- Flat Since The Beginning of 2023, What Is Next For SLB Stock?
- SLB’s Q2 Earnings: What Are We Watching?
- SLB Stock To Likely Trade Higher Post Q1
- SLB Stock Looks Attractive At $46
The oil industry is getting more serious about reducing its carbon footprint, as governments set aggressive targets for reductions in greenhouse gas emissions.
So What?
Schlumberger stock has outperformed this year, rising by 50% since early January, driven by rising oil prices. The company’s move to eventually go green could also help the stock in the longer term, as oil and gas investors are becoming more conscious about the impact of their investments on climate change.
See Our Complete Analysis For Schlumberger
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