|Bid||28.31 x 1800|
|Ask||28.42 x 3100|
|Day's Range||27.62 - 28.78|
|52 Week Range||13.70 - 36.87|
|Beta (5Y Monthly)||2.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 14, 2021 - Oct. 18, 2021|
|Forward Dividend & Yield||0.50 (1.52%)|
|Ex-Dividend Date||Jun. 01, 2021|
|1y Target Est||32.36|
Ladies and gentlemen, thank you for standing by, and welcome to the Schlumberger Earnings Conference Call. Today's call is being hosted from Paris, following the Schlumberger Limited Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.
Schlumberger, a technology company that partners with customers to access energy, reported better-than-expected earnings in the second and issued an optimistic outlook for this year as higher oil prices boosted the company’s demand.
Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment. Still, oilfield activity levels remain far below pre-pandemic levels and oil demand could face a threat as a resurgence of infections from coronavirus variants prompts fresh restrictions in some parts of the world. Schlumberger officials offered an optimistic outlook for the rest of the year, and said they expect further growth and margin expansion in the company's North American and international operations.