SLB Stock Rises On Strong Earnings, Bullish 2023 Outlook For Oil And Gas| Investor’s Business Daily

SLB (SLB), formerly known as Schlumberger, topped fourth-quarter revenue and earnings views. SLB stock rose slightly early Friday as the oilfield service giant gave an optimistic outlook for 2023 and beyond based on strong oil demand while supply remains tight.


SLB Earnings

Estimates: Analysts predicted earnings growing 66% to 68 cents per share. Wall Street forecast revenue increasing 25% to $7.81 billion.

Earnings: SLB reported EPS grew 73% to 71 cents per share while revenue…

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