Schlumberger Has A Path For Growth; Oil May Be Holding Back The Share Price [Seeking Alpha]
ChampionX Corporation (CHX)
Company Research
Source: Seeking Alpha
Play 9min Summary Schlumberger is poised for strong growth and margin expansion in 2H24, driven by high-quality backlog turning to revenue. SLB's growth is expected internationally, with deepwater developments in Latin America and Africa, and a focus on gas production in the Middle East and Asia. Management's focus on operational efficiency, strategic resource allocation, and the ChampionX acquisition supports margin improvement and an expansion of offerings. Despite SLB shares' high correlation to WTI prices, SLB's $3b share repurchase commitment for eFY24 and $4b for eFY25 provides shareholders value as they navigate choppy waters. Monty Rakusen/DigitalVision via Getty Images Schlumberger ( NYSE: SLB ) is well positioned for strong growth and margin expansion in e2h24 as high-quality backlog turns to revenue. Despite the softer oil market, SLB is realizing strength in Digital & Integration, gas, and LNG internationally. With domestic land rig count in decline from a
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CHX
News
- ChampionX Publishes 2023 Sustainability ReportGlobeNewswire
- SLB: Buy High Quality At A Discount [Seeking Alpha]Seeking Alpha
- ChampionX Declares Quarterly DividendGlobeNewswire
- Here's What Key Metrics Tell Us About ChampionX (CHX) Q2 Earnings [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
CHX
Earnings
- 7/24/24 - Miss
CHX
Sec Filings
- 7/25/24 - Form IRANNOTICE
- 7/25/24 - Form 10-Q
- 7/24/24 - Form 8-K
- CHX's page on the SEC website