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Schlumberger Limited (SLB) engages in the provision of technology for the energy industry worldwide. 
The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; open and cased hole services; exploration and production pressure, and flow-rate measurement services; and pressure pumping, well stimulation, and coiled tubing equipment solutions.
In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well cementing products and services; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services.
Further, it provides artificial lift production equipment and optimization services; supplies packers, safety valves, sand control technology, and various intelligent well completions technology and equipment; designs and manufactures valves, chokes, actuators, and surface trees; and OneSubsea an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. Shares have formed a bullish "flag" following its earnings.
On July 21st, SLB reported earnings of $0.72 per share on revenue of $8.10 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.71 per share on revenue of $8.22 billion. Higher share prices are expected.
Entry Point: $59.50
Stop Loss: $56.50
Trading Range: $33.80 - 60.12
Target Price: $65.50
