Recent Joint Venture ADNOC Drilling recently acquired a 70% stake in Schlumberger's onshore rig business in Oman and Kuwait, creating a joint venture. This partnership presents an opportunity for potential sales collaborations or new business ventures within the oil services sector.
Financially Strong Schlumberger maintains strong financials with a market capitalization of $44.65 billion, a 3.4% dividend yield, robust cash flow, and manageable long-term debt. This financial stability indicates the company's capacity for significant investments or partnerships.
Technology Focused Schlumberger embraces a diverse range of technologies in its tech stack, including Micro Focus, NoSQL, git, and SAP Controlling, showcasing a commitment to innovation. Leveraging these technologies can drive sales through enhanced efficiency and advanced solutions.
Promising Valuation With a forward P/E ratio of 9.7-10.4 and EV/EBITDA of 6.8, Schlumberger presents an attractive valuation opportunity for investors. This valuation may attract potential stakeholders looking to capitalize on the company's growth potential.
Industry Presence Schlumberger's enduring presence in the oil services sector, coupled with its mission to innovate energy technologies, positions the company as a key player in the market. Leveraging this industry reputation can open doors to new partnerships and sales opportunities.