BlackRock Amends Schlumberger Stake, Maintains Significant Ownership

TL;DR

**BlackRock still owns a big chunk of Schlumberger, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of Schlumberger Limited/NV common stock as of December 31, 2023. This filing, Amendment No. 14, shows BlackRock continues to be a significant institutional holder in the oil and gas field services company. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability.

Why It Matters

This filing confirms BlackRock's continued substantial investment in Schlumberger, which can be seen as a vote of confidence from a major institutional investor.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating stable ownership rather than a significant change in position.

Analyst Insight

Investors should note BlackRock's continued significant, though not necessarily changed, stake in Schlumberger, which could be a factor in their own investment decisions regarding the oil and gas services company.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• SCHLUMBERGER LIMITED/NV (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001086364-24-006606.txt : 20240206 0001086364-24-006606.hdr.sgml : 20240206 20240206093634 ACCESSION NUMBER: 0001086364-24-006606 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 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: 24598387 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: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 an8068571086_020524.txt an8068571086_020524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) SCHLUMBERGER LIMITED -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 2779201 -------------------------------------------------------- (SEDOL Number) December 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). SEDOL No. 2779201 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 98480988 (6) Shared voting power 0 (7) Sole dispositive power 108344912 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 108344912 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SCHLUMBERGER LIMITED Item 1(b) Address of issuer's principal executive offices: ---------------------------------