Report
Baptiste Lebacq

SLB : Accélération du cash = un retour à l’actionnaire soutenu

>Opinion Surperformance maintenue mais 0C ajusté à 65 $ - Nous réitérons notre recommandation Surperformance et avons marginalement ajusté notre séquence de BPA ainsi que notre OC à 65 $ (basé sur un multiple de PE 12 mois fwd de 14x). Au final, SLB retournera à ses actionnaires via les rachats d’actions et les dividendes près de 7 Md$ sur 2024/25 soit plus de 10% de sa capitalisation boursière. Nous le voyons comme le signal d’une situation financière solide dan...
Underlying
Schlumberger NV

Schlumberger provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The company has four segments: Reservoir Characterization, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells; Production, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs; and Cameron, which consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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