State Street Amends Schlumberger Stake, Maintains Passive Position

TL;DR

**State Street still owns a big chunk of Schlumberger, no big changes here.**

AI Summary

State Street Corp, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership of Schlumberger NV's common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, but passive, stake in Schlumberger, an oil and gas field services company. For investors, this means a large institutional player maintains confidence in Schlumberger, which can be a positive signal, but the filing itself doesn't suggest any new strategic moves or changes in control.

Why It Matters

This filing confirms a major institutional investor, State Street Corp, continues to hold a substantial, passive stake in Schlumberger NV, signaling ongoing institutional confidence in the company's prospects.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any new risks or significant changes in company control.

Analyst Insight

Investors should view this as a routine update confirming institutional ownership, rather than a signal for immediate action. It reinforces that a major financial player sees value in Schlumberger, but doesn't suggest any new catalysts or risks.

Key Players & Entities

• State Street Corp (company) — the entity filing the SC 13G/A
• SCHLUMBERGER LIMITED/NV (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 30, 2024 (date) — the date the SC 13G/A was filed

Forward-Looking Statements

• State Street Corp will maintain its passive investment strategy in Schlumberger NV. (State Street Corp) — high confidence, target: 2025-01-30
• Schlumberger NV's stock price will not experience significant volatility directly due to this routine filing. (Schlumberger NV) — high confidence, target: 2024-02-06

FAQ

From the Filing

0000093751-24-000434.txt : 20240130 0000093751-24-000434.hdr.sgml : 20240130 20240130115646 ACCESSION NUMBER: 0000093751-24-000434 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SCHLUMBERGER LIMITED/NV CENTRAL INDEX KEY: 0000087347 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 520684746 STATE OF INCORPORATION: P8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78050 FILM NUMBER: 24576688 BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7135132000 MAIL ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD /NV/ DATE OF NAME CHANGE: 19951031 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER NV DATE OF NAME CHANGE: 19920804 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD DATE OF NAME CHANGE: 19880812 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Schlumberger_NV.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING SCHLUMBERGER NV (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 806857108 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:806857108 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 60,557,091 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 84,755,731 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 84,804,647 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.96% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 806857108 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER SCHLUMBERGER NV (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 5599 SAN FELIPE 17TH FLOOR HOUSTON TX 77056 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFIC