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Schlumberger Limited

SLB

SLB: SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

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$SLB is featured in our Shelley Moore Capito strategy.

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Recent trades of SLB by members of U.S. Congress

Politician Type Traded
Thomas Suozzi House / D Sale $15,001 - $50,000 Jan. 07, 2022
Thomas Suozzi House / D Purchase $15,001 - $50,000 Nov. 04, 2021
Donald Sternoff Beyer Jr House / D Sale $1,001 - $15,000 Mar. 15, 2021
Donald Sternoff Beyer Jr House / D Purchase $1,001 - $15,000 Mar. 01, 2021
Mr. Peter Meijer House / R Sale $1,001 - $15,000 Feb. 16, 2021
King, Angus Senate / I Sale (Full) $1,001 - $15,000 Aug. 18, 2020
Steve Cohen House / D Sale $1,001 - $15,000 May. 11, 2020
Steve Cohen House / D Sale $1,001 - $15,000 May. 07, 2020
Greg Gianforte House / R Sale $50,001 - $100,000 Apr. 14, 2020
Loeffler, Kelly Senate / R Sale (Full) $15,001 - $50,000 Apr. 14, 2020
Josh Gottheimer House / D Sale $1,001 - $15,000 Apr. 13, 2020
Steve Cohen House / D Sale $1,001 - $15,000 Mar. 26, 2020
Mikie Sherrill House / D Sale $1,001 - $15,000 Feb. 20, 2020
Dean Phillips House / D Sale $1,001 - $15,000 Feb. 10, 2020
Mikie Sherrill House / D Purchase $1,001 - $15,000 Jan. 15, 2020
Greg Gianforte House / R Purchase $15,001 - $50,000 Jan. 13, 2020
Josh Gottheimer House / D Purchase $1,001 - $15,000 Jan. 10, 2020
Hoeven, John Senate / R Purchase $50,001 - $100,000 Dec. 31, 2019
Mikie Sherrill House / D Sale $1,001 - $15,000 Dec. 12, 2019
Josh Gottheimer House / D Sale $1,001 - $15,000 Dec. 10, 2019
Kevin Hern House / R Sale $15,001 - $50,000 Dec. 04, 2019
Lois Frankel House / D Sale $1,001 - $15,000 Nov. 07, 2019
Lois Frankel House / D Sale $1,001 - $15,000 Oct. 30, 2019
Greg Gianforte House / R Purchase $15,001 - $50,000 Oct. 11, 2019
Greg Gianforte House / R Sale $15,001 - $50,000 Sep. 10, 2019
Dean Phillips House / D Purchase $1,001 - $15,000 Aug. 13, 2019
Greg Gianforte House / R Purchase $15,001 - $50,000 Jul. 09, 2019
Josh Gottheimer House / D Purchase $1,001 - $15,000 Jul. 01, 2019
Donna Shalala House / D Sale $1,001 - $15,000 Jun. 24, 2019
Robert J. Wittman House / R Sale $1,001 - $15,000 Jun. 10, 2019
Dean Phillips House / D Sale $1,001 - $15,000 Apr. 04, 2019
Nicholas Van Taylor House / R Sale $1,001 - $15,000 Mar. 25, 2019
Capito, Shelley Moore Senate / R Sale (Full) $1,001 - $15,000 Mar. 11, 2019
Reed, John F. Senate / D Sale (Full) $1,001 - $15,000 Feb. 28, 2019
Robert J. Wittman House / R Purchase $1,001 - $15,000 Jan. 22, 2019
Josh Gottheimer House / D Purchase $1,001 - $15,000 Jan. 11, 2019
Greg Gianforte House / R Purchase $100,001 - $250,000 Dec. 21, 2018
Perdue, David Senate / R Sale (Full) $15,001 - $50,000 Dec. 20, 2018
Perdue, David Senate / R Sale (Partial) $1,001 - $15,000 Dec. 14, 2018
Josh Gottheimer House / D Sale $1,001 - $15,000 Dec. 12, 2018
Josh Gottheimer House / D Sale $1,001 - $15,000 Dec. 12, 2018
Thomas Macarthur House / R Sale $15,001 - $50,000 Dec. 10, 2018
Thomas J. Rooney House / R Sale $15,001 - $50,000 Nov. 21, 2018
Greg Gianforte House / R Sale $100,001 - $250,000 Nov. 20, 2018
John A. Yarmuth House / D Sale $1,001 - $15,000 Nov. 14, 2018
King, Angus Senate / I Sale (Partial) $1,001 - $15,000 Oct. 17, 2018
Thomas Macarthur House / R Purchase $1,001 - $15,000 Oct. 17, 2018
Carlos Curbelo House / R Purchase $1,001 - $15,000 Aug. 28, 2018
Thomas Macarthur House / R Sale $15,001 - $50,000 Jun. 22, 2018
Collins, Susan M. Senate / R Sale (Full) $1,001 - $15,000 Jun. 04, 2018

Recently reported changes by institutional investors

Quarterly net insider trading by SLB's directors and management

Government lobbying spending instances

  • $10,000 Oct 14, 2008 Issue: Fuel/Gas/Oil Energy/Nuclear
  • $10,000 Jul 12, 2008 Issue: Fuel/Gas/Oil Energy/Nuclear
  • $10,000 Apr 29, 2008 Issue: Fuel/Gas/Oil Energy/Nuclear
  • $40,000 Feb 13, 2006 Issue: Trade (domestic/foreign) Taxation/Internal Revenue Code
  • $60,000 Feb 25, 2005 Issue: Immigration Transportation Aviation/Airlines/Airports Budget/Appropriations Computer Industry Homeland Security Science/Technology
  • $60,000 Aug 06, 2004 Issue: Science/Technology Homeland Security Transportation Budget/Appropriations Aviation/Airlines/Airports Immigration Computer Industry
  • $20,000 Mar 03, 2004 Issue: Taxation/Internal Revenue Code Trade (domestic/foreign)
  • $40,000 Feb 12, 2004 Issue: Science/Technology Homeland Security Computer Industry Immigration Aviation/Airlines/Airports
  • $60,000 Jan 23, 2004 Issue: Energy/Nuclear
  • $20,000 Aug 14, 2003 Issue: Trade (domestic/foreign) Taxation/Internal Revenue Code
  • $80,000 Jul 18, 2003 Issue: Taxation/Internal Revenue Code Energy/Nuclear
  • $60,000 Feb 24, 2003 Issue: Trade (domestic/foreign) Taxation/Internal Revenue Code
  • $100,000 Aug 26, 2002 Issue: Trade (domestic/foreign) Taxation/Internal Revenue Code Labor Issues/Antitrust/Workplace
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Government Contracts

Federal grants, loans, and purchases

WallStreetBets

Number of mentions of SLB in WallStreetBets Daily Discussion

SLB News

Recent insights relating to SLB

CNBC Recommendations

Recent picks made for SLB stock on CNBC

Top ETF Holders

ETFs with the largest estimated holdings in SLB

Corporate Flights

Flights by private jets registered to SLB

Quiver LogoOur Analysis
Posted: 5 months, 2 weeks ago // April 12, 2023 12:14 p.m. UTC
The five companies sitting on 299 billion barrels of oil

In the past several weeks, China has brokered Saudi Arabian peace talks with Yemen and Iran, reaffirmed its ties with Russia, hosted the French President for discussions, and encircled Taiwan in a massive three-day military exercise.

While these actions shouldn't be dismissed, media and the creators were quick to talk about how this signaled the end of the dollar as the global reserve currency and sparked a 'de-dollarization' frenzy across the internet. While it might make for exciting content, the idea that the dollar will be replaced by the Chinese Yuan or an commodity-backed BRICS equivalent currency anytime soon is ambitious, to say the least.

After all, it's important to remember that the Yuan is still circulated less than the Swiss Franc globally on a daily basis, despite the Franc being issued by a country that is home to just 8 million people. Furthermore, until just a week ago, the most used currency in Russia was the dollar; more than a year after, they invaded Ukraine and gained the title of the most sanctioned country on Earth.

To cut to the point: Yes, de-dollarization is trending up, but it doesn't look like the dollar will get replaced anytime soon, without something substantial happening, like a default (Which is looking increasingly likely).

And while China is making the majority of the headlines, the United States has also been busy. After all, the US isn't just going to sit back and let its empire get chipped away at. In recent weeks, the US has established several new military bases in the Philippines, made multiple high-profile visits to Taiwan, and expanded trade ties in Africa.

However one specific policy change arguably has the most potential. This was when in November of last year, the Treasury Department quietly allowed five oil companies to resume operations in Venezuela on a small scale: Chevron (CVX), Halliburton (HAL), Schlumberger (SLB), Baker Hughes (BKR), and Weatherford (WFRD).

While this mainly flew under the radar at the time, the reason this is a big deal is because Venezuela has the most proven oil reserves of any country on Earth. Despite this, it's barely produced any since 2017 due to sanctions placed on the country.

However, with elevated oil prices, China clawing more into the middle-east every day, and the dollar under more pressure than ever, there are many reasons why the US would want to reopen trade tied with a country like Venezuela.

Contingent that the president of Venezuela, Maduro, doesn't commit any further “human rights abuses”, more sanctions are set to be lifted in the coming months. Over time not only could this shift global oil production firmly into the Americas, and reaffirm the dollar as the global reserve currency, but it would be a massive opportunity for the five companies permitted to produce and export oil out of the country.

Chevron, in particular, has made the most progress in the country, exporting on average over 100,000 barrels of Venezuelan Crude every day in February alone. While this still only represents a fraction of Chevron's total production, which stands at about 1.7 million barrels a day, this number could increase substantially over time.

Given the very speculative nature of the circumstances, we've identified three primary datasets that we cover on Quiver Quant that we'll be watching closely for activity from the five companies:

1: Corporate jet flight activity to Venezuela by company executives.

2:Corporate Lobbying activity by these companies that mention words such as “trade", “sanctions", and "Venezuela".

3: Stock purchases of these companies by politicians, specifically those who sit on energy or trade committees, because let's face it: If anyone knows about a new energy or trade policy regarding Venezuela, it will be them.

While the idea that Venezuela will be able to get oil production to it's historic highs is ambitious to say the least, when you consider that Venezuela has 299 billion barrels of proven oil reserves, valued in excess of $20 trillion at today's prices, it's hard to ignore the potential opportunity that the five companies working in the region might be sitting on. As to if this is nothing more than a pipe dream or not, time will tell.

Disclosure: The content is for informational purposes only; you should not construe any such information as investment, financial, or other advice. I/We have no business relationship with any company whose stock is mentioned in this article.

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