SLB (SLB) has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. The contract encompasses advanced stimulation, well intervention, frac automation and digital solutions.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- Maintaining Buy on Schlumberger: Near‑Term Execution, International/Offshore Upside, and High‑Growth Digital Driving Re‑Rating Potential
- Schlumberger: Digital-Led Margin Strength, International Growth, and Undervalued Upside Support Buy Rating
- SLB price target raised to $45 from $42 at Piper Sandler
- SLB price target lowered to $47 from $48 at Barclays
- SLB assumed with an Overweight at Morgan Stanley
