Schlumberger Limited (SLB) ended last trading session with a change of -0.13 percent. It trades at an average volume of 5.68M shares versus 6.7M shares recorded at the end of last trading session. The share price of $78.59 is at a distance of 12.93 percent from its 52-week low and down -9.98 percent versus its peak. The company has a market cap of $109.58B and currently has 1.39B shares outstanding. The share price is currently -2.49 percent versus its SMA20, -4.84 percent versus its SMA50, and -1.57 percent versus its SMA200. The stock has a weekly performance of -2.64 percent and is -5.81 percent year-to-date as of the recent close.
Schlumberger Limited (SLB) will hold a conference call on April 21, 2017 to discuss the results for the first quarter ending March 31, 2017.
The conference call is scheduled to begin at 8:30 am (US Eastern time). A press release regarding the results will be issued at 7:00 am (US Eastern time).
Chevron Corporation (CVX) recently recorded -1.14 percent change and currently at $109.35 is 23.43 percent away from its 52-week low and down -7.23 percent versus its peak. It has a past 5-day performance of -3.38 percent and trades at an average volume of 6.3M shares. The stock has a 1-month performance of -1.66 percent and is -6.21 percent year-to-date as of the recent close. There were about 1.88B shares outstanding which made its market cap $205.94B. The share price is currently -2.12 percent versus its SMA20, -3.32 percent versus its SMA50, and 4.06 percent versus its SMA200.
On March 7, 2017 Chevron Corporation (CVX) hosted its annual security analyst meeting in New York where executives highlighted the company’s growing free cash flow from its advantaged portfolio.
“We intend to be cash balanced in 2017, and to grow free cash flow in the years thereafter,” said John Watson, Chevron’s chairman and chief executive officer. “We’re finishing projects under construction, which adds revenue and reduces spend. We’re concentrating our new investments on short cycle-time, high-return opportunities from our advantaged positions such as the Permian basin.” Watson noted 75 percent of the company’s 2017 capital budget is expected to generate cash within the next two years.