Corporate America's nightmare in Venezuela is getting worse [CNN]
Schlumberger N.V. (SLB)
Last schlumberger n.v. earnings: 4/17 06:50 am
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Source: CNN
Corporate America's nightmare in Venezuela is getting worse Venezuela has more crude oil than any other nation. But the crisis there is so bad that even oil companies are losing big money. The world's largest oil service provider, Schlumberger, announced Friday that it wrote down $938 million of its holdings in Venezuela. It already took a $460 million loss last year because of unpaid bills from the Venezuelan government and its state-run oil company. Schlumberger ( SLB ) makes equipment for oil companies and provides them expertise and technology. The company says it will stay in Venezuela and try to get its money back. But that could be difficult. The country owes almost $60 billion to contractors and suppliers like Schlumberger, according to an analysis published by Harvard Law School, and it already defaulted on some of its bonds late last year. Schlumberger's losses show how dire the political, humanitarian and economic crisis has become in Venezuela. As the company scales ba
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News
- Pump Jack Market Size Valuation to Reach US$ 6 Billion by 2034, With a 5.8% CAGR | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Schlumberger Limited (NYSE: SLB) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $65.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $64.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $77.00 price target on the stock.MarketBeat
- Schlumberger Limited (NYSE: SLB) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $68.00 price target on the stock.MarketBeat
SLB
Earnings
- 4/19/24 - Beat
SLB
Sec Filings
- 4/24/24 - Form IRANNOTICE
- 4/24/24 - Form 10-Q
- 4/19/24 - Form 8-K
- SLB's page on the SEC website