SCHEDULE 13G/A: Vanguard Group Discloses 10.02% Passive Stake in Schlumberger NV

The Vanguard Group has filed an amended Schedule 13G, reporting a 10.02% beneficial ownership stake in Schlumberger NV as of February 28, 2025.

Summary

• The Vanguard Group, a Pennsylvania-based investment adviser, has filed an Amendment No. 11 to Schedule 13G regarding its beneficial ownership in Schlumberger NV (CUSIP: 806857108).
• As of February 28, 2025, The Vanguard Group beneficially owns an aggregate of 136,355,867 shares of Schlumberger NV Common Stock.
• This ownership represents 10.02% of the class of securities.
• The Vanguard Group holds sole voting power over 0 shares, shared voting power over 1,738,070 shares, sole dispositive power over 129,703,120 shares, and shared dispositive power over 6,652,747 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake by a major institutional investor, which can be viewed as a neutral to slightly positive signal for the issuer, indicating continued institutional confidence.

Positives

• The disclosure of a significant 10.02% stake by a major institutional investor like The Vanguard Group can be viewed as a vote of confidence in Schlumberger NV's long-term prospects.
• The passive nature of Vanguard's investment, as stated in the filing, indicates a focus on long-term value rather than activist intentions, which can provide stability.

Risks

• The document itself does not detail specific risks related to Schlumberger NV's operations or financial performance, as it is an ownership disclosure.

Future Outlook

NA

Industry Context

Schlumberger NV operates in the global oilfield services industry, providing technology and services to the energy sector. The Vanguard Group is one of the world's largest investment management companies, known for its low-cost index funds and ETFs, making it a significant passive investor across various industries, including energy.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception.
• Company Management: Awareness of a large, passive institutional investor on their shareholder register.

Key Dates

Keywords

Schlumberger NV, Vanguard Group, SLB, Schedule 13G, beneficial ownership, institutional investor, common stock, oilfield services, passive investment