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SLB $43.59

SLB target price
43.59
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Schlumberger Limited
Type
Public company
Traded as NYSE: SLB
S&P 100 component
S&P 500 component
Fortune 500
Industry Oilfield services & equipment
Founded 1926 in France
Founder Conrad and Marcel Schlumberger
Headquarters Principal executive offices:
Paris, France
Houston, Texas, US
London, UK
The Hague, Netherlands;
Legal domicile:
Willemstad, Curaçao, Kingdom of the Netherlands
Area served
Worldwide
Key people
Paal Kibsgaard (CEO)
Revenue Decrease US$ 27.81 billion (2016)
Operating income
Decrease US$ 3.27 billion (2016)
Net income
Decrease US$ -1.69 billion (2016)
Total assets Increase US$ 77.96 billion (2016)
Total equity Increase US$ 41.08 billion (2016)
Number of employees
100,000
Website www.slb.com

Schlumberger Limited (French: [ʃlœ̃.bɛʁˈʒe]) is the world's largest oilfield services company. Schlumberger employs approximately 100,000 people representing more than 140 nationalities working in more than 85 countries. Schlumberger has four principal executive offices located in Paris, Houston, London, and the Hague.

Schlumberger is incorporated in Willemstad, Curaçao as Schlumberger N.V. and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange, and SIX Swiss Exchange. Schlumberger is a Fortune Global 500 company, ranked 287 in 2016, and also listed in Forbes Global 2000, ranked 176 in 2016.

Schlumberger was founded in 1926 by brothers Conrad and Marcel Schlumberger from the Alsace region in France as the Société de prospection électrique (French: Electric Prospecting Company). The company recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. Today Schlumberger supplies the petroleum industry with services such as seismic acquisition and processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The company is also involved in the groundwater extraction and carbon capture and storage industries.

The brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo and the United States. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. The company quickly expanded, logging its first well in the U.S. in 1929, in Kern County, California. In 1935, the Schlumberger Well Surveying Corporation was founded in Houston, later evolving into Schlumberger Well Services, and finally Schlumberger Wireline & Testing. Schlumberger invested heavily in research, inaugurating the Schlumberger-Doll Research Center in Ridgefield, Connecticut in 1948, contributing to the development of a number of new logging tools. In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger businesses, which by now included American testing and production company Johnston Testers.

Over the years, Schlumberger continued to expand its operations and acquisitions. In 1960, Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical), which specialized in pumping services for the oil industry, was formed. In 1962, Schlumberger Limited became listed on the New York Stock Exchange. That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971. Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. The first computerized reservoir analysis, SARABAND, was introduced in 1970. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. In 1979, Fairchild Camera and Instrument (including Fairchild Semiconductor) became a subsidiary of Schlumberger Limited.

Schlumberger established the first international data links with e-mail in 1981. In 1983, Schlumberger opened their Cambridge Research Center in Cambridge, England and in 2012 it was renamed the Schlumberger Gould Research Center after the company's former CEO Andrew Gould.

The SEDCO drilling rig company and half of Dowell of North America were acquired in 1984, resulting in the creation of the Anadrill drilling segment, a combination of Dowell and The Analysts' drilling segments. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO.

In 1987, Schlumberger completed their purchases of Neptune (North America), Bosco and Cori (Italy), and Allmess (Germany). That same year, National Semiconductor acquired Fairchild Semiconductor from Schlumberger for $122 million. In 1991, Schlumberger acquired PRAKLA-SEISMOS, and pioneered the use of geosteering to plan the drill path in horizontal wells.

Schlumberger acquired software company GeoQuest Systems in 1992. With the purchase came the conversion of SINet to TCP/IP and www capability. In the 1990s Schlumberger bought out the petroleum division, AEG meter, and ECLIPSE reservoir study team Intera Technologies Corp. A joint venture between Schlumberger and Cable & Wireless resulted with the creation of Omnes, which then handled all of Schlumberger's internal IT business. Oilphase and Camco International were also purchased.

In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (or mud) company. The company consists of 60% Smith International, and 40% Schlumberger. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C. found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. Both companies also agreed to pay a total of $13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt.

In 2000, the Geco-Prakla division was merged with Western Geophysical to create the seismic contracting company WesternGeco, of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes. Sedco Forex was spun off, and merged with Transocean Drilling company in 2000.

In 2001, Schlumberger acquired the IT consultancy company Sema plc for $5.2 billion. The company was an Athens 2004 Summer Olympics partner, but Schlumberger's venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5 billion. The cards division was divested through an IPO to form Axalto, which later merged with Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. In 2003, the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which later sold it to Credence.

In 2004, Schlumberger Business Consulting was launched. Based in Paris, it is the company's management consultancy arm.

In 2005, Schlumberger purchased Waterloo Hydrogeologic, which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments. Also that year, Schlumberger relocated its U.S. corporate offices from New York to Houston.

In 2006, Schlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion. Also that year, the Schlumberger-Doll Research Center was relocated to a newly built research facility in Cambridge, Massachusetts to replace the Ridgefield, Connecticut research center. The facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia.

In 2010, the acquisition of Smith International in an all-stock deal valued at $11.3 billion was announced. The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. The deal is the biggest acquisition in Schlumberger history. The merger was completed on August 27, 2010. Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1 billion, including debt.

In 2014, Schlumberger announced the purchase of the remaining shares of SES Holdings Limited (“Saxon”), a Calgary-based provider of international land drilling services, from First Reserve and certain members of Saxon management. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Schulmberger had a minority share in Saxon previously.

In 2015, Schlumberger was indicted by the US Department of Justice for sanction violations of conducting business in Iran and Sudan; the company was fined $233 million, amounting to the largest fine for sanctions to date.

Due to a downturn in the global oil & gas industry in 2015, Schlumberger announced 21,000 layoffs accounting for 15% of their total workforce.

In August 2015, Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International for $14.8 billion.

Its Paris offices are in Le Palatin 1 in the La Défense business district and in Puteaux, France, near Paris.

Schlumberger maintains a 33-acre (13 ha) campus at the northeast corner of U.S. Highway 90A and Gillingham Lane in Sugar Land, Texas; as of 2017 Schlumberger is the third largest employer in the city. In 2015 Schlumberger announced that it was moving its U.S. corporate headquarters to the Sugar Land facility from its Houston office building. The company plans to build new buildings with a scheduled completion time of late 2017. They include a total of 250,000 square feet (23,000 m) of Class A office space and an "amenities" building with 100,000 square feet (9,300 m) of space.

In the 1930s the North American headquarters were established in Houston. In the 1970s, the company's top executives in North America were relocated to New York City. By 2006 the head office had 50 executives and support staff. By that year the company was moving that office to a building near the Houston Galleria.

Schlumberger moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995.

In 2009, Newsweek released their "Green Rankings" a ranking of the 500 largest corporations on track records on a number of environmental issues. Schlumberger was ranked 118th out of 500 overall, and 3rd out of 31 in their industry. Newsweek remarked that to mitigate global warming Schlumberger has invested in carbon sequestration which involves long-term storage of CO2 and that the company's seismic survey ships are 20% to 25% more fuel-efficient than those of other seismic contractors from using fuels that emit less pollution and towing equipment that creates less drag on the vessels.

In 2006, a radioactive canister imported by Schlumberger was recovered in the Western Australian outback desert. The canister had been lost in by the company's transport partner, when the improperly secured container fell off the trailer on which it was being transported.

In 2010, the Aberdeen Sheriff court fined Schlumberger Oilfield UK £300,000 for losing a radioactive source on the rig floor on the Ensco 101 mobile drilling rig in the North Sea for 4 hours.

In 2009, the Pennsylvania Department of Environmental Protection fined Chesapeake Appalachia LLC and Schlumberger Technology Corp. more than $15,500 each for a hydrochloric acid spill in February 2009 at Chesapeake's Chancellor natural gas well site in Asylum Township, Bradford County, Pennsylvania. Officials said the leak did not contaminate groundwater.

In 2006, as the current owner of a facility in Pickens, South Carolina, Schlumberger agreed to pay $11.8 million to federal and state agencies for a problem caused by the previous owner, Sangamo-Weston, a capacitor manufacturing plant. The cause of the problem was from polychlorinated biphenyls (PCB) released into the environment by Sangamo-Weston from 1955 to 1987. According to the Justice Department's Environment and Natural Resources Division, an additional agreement by Schlumberger to purchase and remove dams will directly improve the Twelvemile Creek, South Carolina ecosystem and provide significant environmental benefits for the affected communities.

Schlumberger was contracted to perform wireline logging on the Deepwater Horizon oil rig in the Gulf of Mexico in 2010. However, the wireline log was cancelled and the Schlumberger standby crew was released by BP and left the rig earlier on the same day of the Deepwater Horizon explosion.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2023-04-21 Future report Set alerts
Q4 2022 2023-01-20 0.71 0.71
Q3 2022 2022-10-21 0.63 0.63
Q2 2022 2022-07-22 0.50 0.50
Q1 2022 2022-04-22 0.34 0.34
Q4 2021 2022-01-21 0.41 0.41
Q3 2021 2021-10-22 0.36 0.36
Q2 2021 2021-07-23 0.30 0.30
Q1 2021 2021-04-23 0.21 0.21
Q4 2020 2021-01-22 0.22 0.22

Ratings

2016-07-13 Reiterated Rating BMO Capital Markets Buy
2016-07-11 Reiterated Rating Jefferies Group Hold $80.00 to $85.00
2016-07-05 Reiterated Rating Goldman Sachs Group Inc. Conviction-Buy
2016-06-30 Reiterated Rating Jefferies Group Hold
2016-06-30 Reiterated Rating JPMorgan Chase & Co. Buy
2016-06-28 Reiterated Rating Credit Suisse Buy
2016-06-28 Reiterated Rating Credit Suisse Group AG Buy
2016-06-23 Reiterated Rating Citigroup Inc. Buy $90.00 to $89.00
2016-06-20 Reiterated Rating Simmons Outperform $86.00 to $84.00
2016-06-15 Reiterated Rating Goldman Sachs Buy $94.00
2016-06-15 Reiterated Rating Goldman Sachs Group Inc. Buy $94.00
2016-06-08 Reiterated Rating Goldman Sachs Conviction-Buy
2016-06-02 Reiterated Rating Credit Suisse Buy
2016-05-23 Upgrade Goldman Sachs Buy to Conviction-Buy
2016-05-13 Reiterated Rating Scotiabank Sector Outperform $80.00
2016-05-12 Downgrade Howard Weil Focus Stock to Sector Outperform $80.00
2016-05-10 Upgrade Griffin Securities Sell to Neutral
2016-05-10 Upgrade Guggenheim Sell to Neutral
2016-05-09 Reiterated Rating Goldman Sachs Buy $82.00 to $94.00
2016-04-28 Downgrade Societe Generale Buy to Hold $90.00 to $86.00
2016-04-26 Lower Price Target Barclays Overweight $93.00 to $92.00
2016-04-26 Lower Price Target Barclays PLC Overweight $93.00 to $92.00
2016-04-25 Reiterated Rating Credit Suisse Buy $80.00
2016-04-25 Downgrade Griffin Securities Neutral to Sell
2016-04-25 Reiterated Rating Jefferies Group Hold to Hold $71.00 to $80.00
2016-04-25 Boost Price Target Nomura Buy $81.00 to $88.00
2016-04-25 Boost Price Target KLR Group Buy $103.00 to $106.00
2016-04-25 Boost Price Target Cowen and Company Outperform $75.00 to $85.00
2016-04-25 Reiterated Rating Morgan Stanley Overweight $105.00 to $110.00
2016-04-25 Boost Price Target Nomura Holdings Inc. Buy $81.00 to $88.00
2016-04-23 Reiterated Rating FBR & Co. Buy
2016-04-23 Reiterated Rating FBR & Co Buy
2016-04-20 Upgrade Barclays Equal Weight to Overweight $83.00 to $93.00
2016-04-20 Downgrade Standpoint Research Buy to Hold
2016-04-19 Lower Price Target Morgan Stanley Overweight $105.00 to $91.00
2016-04-15 Reiterated Rating RBC Capital Outperform $95.00
2016-04-15 Reiterated Rating Royal Bank Of Canada Outperform $95.00
2016-04-08 Initiated Coverage Nomura Buy $81.00
2016-04-06 Reiterated Rating FBR & Co. Buy $105.00
2016-04-04 Reiterated Rating Goldman Sachs Buy $82.00
2016-04-04 Reiterated Rating Credit Suisse Outperform $80.00
2016-03-29 Reiterated Rating Citigroup Inc. Buy $83.00 to $82.00
2016-03-28 Lower Price Target Evercore ISI Buy $79.00 to $78.00
2016-03-28 Boost Price Target Barclays Equal Weight $74.00 to $83.00
2016-03-23 Reiterated Rating Citigroup Inc. Buy $82.00 to $83.00
2016-03-23 Reiterated Rating JPMorgan Chase & Co. Overweight
2016-02-25 Lower Price Target Susquehanna Positive $88.00 to $86.00
2016-02-19 Initiated Coverage DA Davidson Buy $100.00 to $94.00
2016-02-01 Lower Price Target Jefferies Group Hold $72.00 to $71.00
2016-01-27 Lower Price Target KLR Group $105.00 to $91.00
2016-01-26 Lower Price Target Jefferies Group Hold $72.00 to $71.00
2016-01-25 Reiterated Rating Scotiabank Focus Stock $90.00 to $80.00
2016-01-25 Lower Price Target Deutsche Bank Buy $79.00 to $78.00
2016-01-25 Lower Price Target Barclays Equal Weight $75.00 to $74.00
2016-01-25 Lower Price Target Howard Weil Focus Stock $90.00 to $80.00
2016-01-25 Lower Price Target Oppenheimer Outperform $94.00 to $92.00
2016-01-25 Lower Price Target Deutsche Bank AG Buy $79.00 to $78.00
2016-01-25 Lower Price Target Oppenheimer Holdings Inc. Outperform $94.00 to $92.00
2016-01-21 Lower Price Target Robert W. Baird $99.00 to $82.00
2016-01-21 Lower Price Target Clarkson Capital $90.00 to $78.00
2016-01-19 Lower Price Target Deutsche Bank Buy $86.00 to $79.00
2016-01-14 Lower Price Target Barclays $85.00 to $75.00
2016-01-08 Reiterated Rating Oppenheimer Buy
2016-01-07 Lower Price Target Oppenheimer Outperform $95.00 to $94.00
2016-01-05 Lower Price Target Susquehanna Positive $90.00 to $88.00
2016-01-03 Reiterated Rating Sterne Agee CRT Buy
2015-12-28 Reiterated Rating Sterne Agee CRT Buy $90.00 to $87.00
2015-12-18 Reiterated Rating Iberia Capital Buy $94.00
2015-12-18 Upgrade William Blair Market Perform to Outperform
2015-12-14 Initiated Coverage KLR Group Buy $105.00
2015-12-13 Reiterated Rating Citigroup Inc. Buy
2015-11-30 Reiterated Rating Guggenheim Buy
2015-11-24 Boost Price Target Susquehanna Positive $86.00 to $90.00
2015-11-02 Boost Price Target Stephens $92.00 to $94.00
2015-10-26 Boost Price Target Jefferies Group Hold $88.00
2015-10-20 Lower Price Target Seaport Global Securities Buy $100.00 to $95.00
2015-10-20 Reiterated Rating Argus Buy $112.00 to $92.00
2015-10-19 Reiterated Rating Iberia Capital Outperform $94.00
2015-10-19 Reiterated Rating Scotiabank Focus Stock $100.00 to $95.00
2015-10-19 Lower Price Target Susquehanna Positive $88.00 to $86.00
2015-10-19 Lower Price Target JPMorgan Chase & Co. Overweight $87.00 to $83.00
2015-10-19 Lower Price Target Capital One Financial Corp. Overweight $87.00 to $82.00
2015-10-19 Lower Price Target Oppenheimer Outperform $100.00 to $95.00
2015-10-19 Lower Price Target Howard Weil Focus Stock $100.00 to $95.00
2015-10-17 Reiterated Rating Cowen and Company Buy
2015-10-16 Reiterated Rating Morgan Stanley Buy
2015-10-16 Reiterated Rating Deutsche Bank Buy
2015-10-16 Reiterated Rating FBR & Co. Buy
2015-10-16 Reiterated Rating S&P Equity Research Buy
2015-10-16 Reiterated Rating RBC Capital Buy $92.00
2015-10-16 Reiterated Rating Citigroup Inc. Buy $81.00
2015-10-16 Lower Price Target Cowen and Company Outperform $90.00 to $81.00
2015-10-15 Lower Price Target Societe Generale Buy $104.00 to $90.00
2015-10-14 Lower Price Target Robert W. Baird Outperform $105.00 to $99.00
2015-10-09 Boost Price Target Susquehanna Positive $85.00 to $88.00
2015-10-05 Reiterated Rating Citigroup Inc. Buy $81.00
2015-10-02 Lower Price Target Oppenheimer Outperform $105.00 to $100.00
2015-09-21 Reiterated Rating FBR & Co. Outperform $110.00 to $105.00
2015-09-21 Reiterated Rating Morgan Stanley Overweight $125.00 to $120.00
2015-09-11 Downgrade William Blair Hold
2015-09-11 Lower Price Target Jefferies Group $84.00
2015-09-09 Reiterated Rating Macquarie Neutral $89.00 to $81.00
2015-09-04 Lower Price Target BMO Capital Markets Outperform $110.00 to $105.00
2015-09-03 Lower Price Target HSBC Buy $101.00 to $96.00
2015-09-03 Upgrade Citigroup Inc. Neutral to Buy $93.00 to $87.00
2015-08-27 Reiterated Rating Argus Buy $112.00
2015-08-26 Lower Price Target JPMorgan Chase & Co. Overweight $101.00 to $87.00
2015-08-26 Upgrade Standpoint Research Hold to Buy $90.00
2015-08-24 Lower Price Target Susquehanna Positive $107.00 to $99.00
2015-08-22 Reiterated Rating Evercore ISI Buy $106.00
2015-08-13 Reiterated Rating Deutsche Bank Buy $112.00
2015-07-23 Reiterated Rating Jefferies Group Hold $91.00
2015-07-22 Boost Price Target Societe Generale $95.00 to $104.00
2015-07-21 Boost Price Target Citigroup Inc. Neutral $92.00 to $93.00
2015-07-21 Boost Price Target Macquarie Neutral $85.00 to $89.00
2015-07-21 Upgrade Societe Generale Hold to Buy $95.00 to $104.00
2015-07-20 Downgrade Tigress Financial Buy to Neutral
2015-07-20 Reiterated Rating Oppenheimer Outperform $105.00
2015-07-20 Upgrade Global Hunter Securities Neutral to Buy $100.00 to $105.00
2015-07-20 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-07-20 Boost Price Target Cowen and Company Outperform $98.00 to $100.00
2015-07-20 Upgrade Wells Fargo Market Perform to Outperform
2015-07-20 Upgrade Seaport Global Securities Neutral to Buy $100.00 to $105.00
2015-07-17 Reiterated Rating Deutsche Bank Buy $111.00 to $108.00
2015-07-13 Reiterated Rating Oppenheimer Outperform
2015-07-08 Lower Price Target Citigroup Inc. Neutral $96.00 to $92.00
2015-07-07 Upgrade Scotiabank Outperform to Focus Stock $100.00
2015-07-07 Upgrade Howard Weil Sector Outperform to Focus Stock $100.00
2015-06-29 Reiterated Rating Credit Suisse Outperform $86.00
2015-06-26 Reiterated Rating Susquehanna Positive
2015-06-12 Reiterated Rating RS Platou Sell $70.00
2015-06-12 Reiterated Rating Morgan Stanley Overweight $125.00
2015-06-12 Reiterated Rating Oppenheimer Outperform $105.00
2015-06-05 Initiated Coverage Atlantic Securities Overweight $110.00
2015-05-29 Initiated Coverage JPMorgan Chase & Co. Overweight $101.00
2015-05-20 Boost Price Target Jefferies Group Hold $89.00 to $91.00
2015-05-11 Boost Price Target Citigroup Inc. Neutral $93.00 to $96.00
2015-04-22 Boost Price Target Citigroup Inc. Neutral $89.00 to $93.00
2015-04-22 Boost Price Target Barclays Equal Weight $87.00 to $90.00
2015-04-22 Boost Price Target Scotiabank Outperform $100.00
2015-04-21 Boost Price Target Howard Weil Sector Outperform $95.00 to $100.00
2015-04-20 Boost Price Target RBC Capital Outperform $96.00 to $104.00
2015-04-20 Boost Price Target BMO Capital Markets Outperform $105.00 to $110.00
2015-04-20 Boost Price Target Robert W. Baird Outperform $102.00 to $104.00
2015-04-20 Downgrade Credit Agricole Buy to Underperform $94.00
2015-04-20 Boost Price Target Susquehanna Positive $96.00 to $107.00
2015-04-20 Lower Price Target Argus Buy $121.00 to $112.00
2015-04-20 Boost Price Target Oppenheimer Outperform $101.00 to $105.00
2015-04-20 Downgrade CLSA Buy to Underperform $94.00
2015-04-20 Downgrade Credit Agricole SA Buy to Underperform $94.00
2015-04-17 Reiterated Rating Cowen and Company Outperform $88.00 to $98.00
2015-04-17 Reiterated Rating Morgan Stanley Buy
2015-04-16 Downgrade Global Hunter Securities Buy to Neutral
2015-04-16 Downgrade Seaport Global Securities Buy to Neutral
2015-04-13 Downgrade Raymond James Outperform to Market Perform
2015-04-13 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-03-31 Downgrade Wells Fargo & Co. Outperform to Market Perform
2015-03-31 Downgrade Wells Fargo Outperform to Market Perform
2015-03-27 Set Price Target FBR & Co. Buy $102.00
2015-03-17 Set Price Target Jefferies Group Hold $80.00
2015-03-12 Downgrade Macquarie Outperform to Neutral
2015-03-12 Lower Price Target Oppenheimer Outperform $110.00 to $101.00
2015-03-06 Set Price Target Credit Suisse Buy $86.00
2015-02-18 Initiated Coverage BMO Capital Markets Outperform $105.00 to $88.89
2015-01-20 Reiterated Rating RS Platou Neutral to Sell $75.00 to $70.00
2015-01-20 Reiterated Rating FBR & Co. Outperform
2015-01-20 Lower Price Target Jefferies Group Hold $89.00 to $80.00
2015-01-20 Lower Price Target Argus Buy $145.00 to $121.00
2015-01-20 Lower Price Target RBC Capital Outperform $101.00 to $96.00
2015-01-15 Lower Price Target Deutsche Bank Buy $119.00 to $86.00
2015-01-08 Initiated Coverage Barclays Equal Weight
2015-01-08 Initiated Coverage KeyBanc Hold
2015-01-08 Initiated Coverage KeyCorp Hold
2015-01-06 Downgrade Societe Generale Buy to Hold
2014-12-19 Lower Price Target Citigroup Inc. Neutral $107.00 to $97.00
2014-12-16 Lower Price Target FBR & Co. Outperform $109.00 to $102.00
2014-12-09 Downgrade Jefferies Group Buy to Hold $119.00 to $90.00
2014-12-03 Initiated Oppenheimer Outperform $114
2014-12-03 Lower Price Target Credit Suisse Outperform $141.00 to $100.00
2014-12-02 Reiterated Cowen Outperform $110 to $98
2014-12-02 Initiated Coverage Oppenheimer Outperform $141.00 to $114.00
2014-12-02 Lower Price Target Cowen and Company Outperform $110.00 to $98.00
2014-10-24 Reiterated Rating Citigroup Inc. Neutral $93.00 to $107.00
2014-10-20 Reiterated Rating Deutsche Bank Buy $136.00 to $119.00
2014-10-20 Reiterated Rating Jefferies Group Buy $117.00 to $119.00
2014-10-20 Reiterated Rating Credit Suisse Outperform $142.00 to $135.00
2014-10-20 Lower Price Target RBC Capital Outperform $129.00 to $117.00
2014-10-17 Reiterated Rating S&P Equity Research Buy
2014-10-15 Initiated Coverage Citigroup Inc. Neutral $92.00
2014-10-14 Initiated Coverage Evercore ISI Buy $129.00
2014-10-14 Lower Price Target FBR & Co. Outperform $117.00 to $109.00
2014-10-13 Reiterated Rating Bank of America Buy $127.00
2014-10-13 Reiterated Rating Bank of America Corp. Buy $127.00
2014-10-01 Lower Price Target Howard Weil Sector Outperform $130.00 to $125.00
2014-09-25 Upgrade KLR Group Outperform
2014-09-25 Upgrade Iberia Capital Sector Perform to Outperform $137.00 to $120.00
2014-09-24 Reiterated Rating Wells Fargo & Co. Outperform
2014-09-24 Reiterated Rating Wells Fargo Outperform
2014-07-21 Boost Price Target Global Hunter Securities Buy $9.00 to $126.00
2014-07-21 Boost Price Target Cowen and Company Outperform $127.00 to $132.00
2014-07-21 Reiterated Rating Deutsche Bank Buy $120.00 to $138.00
2014-07-21 Boost Price Target Seaport Global Securities Buy $9.00 to $126.00
2014-07-10 Boost Price Target Goldman Sachs $127.00 to $130.00
2014-07-09 Upgrade HSBC Neutral to Overweight $105.00 to $135.00
2014-06-27 Boost Price Target Argus Buy $121.00 to $150.00
2014-06-27 Reiterated Rating Credit Suisse Outperform $120.00 to $137.00
2014-06-26 Reiterated UBS Buy $120 to $140
2014-06-26 Reiterated RBC Capital Mkts Outperform $125 to $129
2014-06-26 Boost Price Target Howard Weil Sector Outperform $120.00 to $130.00
2014-06-26 Reiterated Cowen Outperform $117 to $127
2014-06-26 Reiterated Rating Morgan Stanley Overweight $115.00 to $168.00
2014-06-26 Boost Price Target Bank of America Buy $119.00 to $127.00
2014-06-26 Boost Price Target Cowen and Company Outperform $117.00 to $127.00
2014-06-26 Boost Price Target Jefferies Group Buy $119.00 to $135.00
2014-06-26 Boost Price Target RBC Capital Outperform $125.00 to $129.00
2014-06-20 Initiated Coverage Drexel Hamilton Buy $120.00
2014-06-19 Reiterated Rating Goldman Sachs Buy
2014-06-04 Initiated Coverage Macquarie Outperform $119.00
2014-05-29 Boost Price Target Guggenheim Buy $120.00 to $130.00
2014-05-06 Boost Price Target FBR & Co. Outperform $110.00 to $117.00
2014-04-29 Boost Price Target Argus Buy $105.00 to $121.00
2014-04-23 Boost Price Target Guggenheim Buy $105.00 to $120.00
2014-04-22 Reiterated Rating Jefferies Group Buy $119.00
2014-04-22 Reiterated Rating Citigroup Inc. Buy $115.00
2014-04-21 Reiterated Rating Deutsche Bank Buy $120.00
2014-04-21 Boost Price Target Susquehanna Positive $106.00 to $116.00
2014-04-21 Boost Price Target Cowen and Company Outperform $105.00 to $114.00
2014-04-07 Boost Price Target Jefferies Group Buy $114.00
2014-04-04 Boost Price Target Societe Generale $109.00 to $116.00
2014-04-02 Boost Price Target RBC Capital Outperform $110.00 to $115.00
2014-03-28 Lower Price Target Deutsche Bank $122.00 to $120.00
2014-03-21 Lower Price Target Jefferies Group Buy $108.00
2014-03-21 Boost Price Target Guggenheim $102.00 to $105.00
2014-02-26 Boost Price Target JPMorgan Chase & Co. Overweight $109.00 to $122.00
2014-01-30 Initiated Coverage Griffin Securities Buy
2014-01-28 Reiterated Rating Guggenheim Buy $105.00 to $102.00
2014-01-21 Boost Price Target Credit Suisse Buy to Neutral $105.00 to $108.00
2014-01-17 Upgrade Credit Suisse Neutral to Outperform $108.00
2014-01-17 Lower Price Target Barclays $138.00 to $136.00
2014-01-16 Reiterated Rating Societe Generale Buy $110.00 to $106.00
2014-01-10 Downgrade Iberia Capital Outperform to Sector Perform
2014-01-07 Lower Price Target Cowen and Company Outperform $116.00 to $105.00
2013-12-27 Reiterated Rating Credit Suisse Neutral
2013-12-18 Upgrade S&P Equity Research Buy
2013-12-17 Lower Price Target Susquehanna Positive $108.00 to $107.00
2013-12-17 Boost Price Target Barclays Overweight $124.00 to $138.00
2013-12-12 Initiated Coverage Robert W. Baird Outperform
2013-12-06 Initiated Coverage FBR & Co. Outperform
2013-12-04 Reiterated Rating Jefferies Group Buy
2013-11-22 Initiated Coverage Iberia Capital Outperform
2013-10-22 Boost Price Target JPMorgan Chase & Co. Overweight $105.00 to $107.00
2013-10-22 Reiterated Rating Deutsche Bank Buy $197.00 to $124.00
2013-10-22 Reiterated Rating Sanford C. Bernstein Outperform $97.00 to $112.00
2013-10-22 Downgrade Howard Weil Focus Stock to Sector Outperform
2013-10-22 Reiterated Rating Cowen and Company Outperform $101.00 to $116.00
2013-10-21 Boost Price Target RBC Capital Outperform $104.00
2013-10-21 Boost Price Target Guggenheim Buy $105.00 to $110.00
2013-10-21 Boost Price Target Global Hunter Securities Buy $97.00 to $107.00
2013-10-21 Boost Price Target Credit Suisse Neutral $87.00 to $105.00
2013-10-21 Boost Price Target Jefferies Group Buy $105.00 to $110.00
2013-10-21 Reiterated Rating Wells Fargo & Co. Outperform $107.00
2013-10-21 Reiterated Rating Wells Fargo Outperform $107.00
2013-10-17 Boost Price Target Societe Generale Buy $94.00 to $104.00
2013-10-16 Boost Price Target Susquehanna Positive $96.00 to $105.00
2013-10-15 Downgrade HSBC Overweight to Neutral $96.00 to $98.00
2013-10-09 Lower Price Target Cowen and Company Outperform $105.00 to $101.00
2013-10-08 Boost Price Target Raymond James Outperform $87.00 to $100.00
2013-10-07 Boost Price Target Guggenheim Buy $100.00 to $105.00
2013-10-07 Boost Price Target Jefferies Group Buy $97.00 to $105.00
2013-10-04 Boost Price Target RBC Capital Outperform $95.00 to $102.00
2013-10-02 Boost Price Target Howard Weil Focus Stock $93.00 to $100.00
2013-07-22 Upgrade Global Hunter Securities Neutral to Buy $80 to $97
2016-07-13 Reiterated Rating BMO Capital Markets Buy
2016-07-11 Reiterated Rating Jefferies Group Hold $80.00 to $85.00
2016-07-05 Reiterated Rating Goldman Sachs Group Inc. Conviction-Buy
2016-06-30 Reiterated Rating Jefferies Group Hold
2016-06-30 Reiterated Rating JPMorgan Chase & Co. Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
PAI SATISH Executive Vice President 0.02%  (195720) SLB /
AYAT SIMON Chief Financial Officer 0.01%  (138827) SLB /
BELANI ASHOK EVP Technology 0.01%  (125642) SLB /
KIBSGAARD PAAL Chief Executive Officer 0.01%  (115000) SLB /