- BP PLC is marketing a £2.5bn North Sea package of five production hubs off Scotland to a single cash buyer following its announced regional exit.
- Bidders are reportedly lining up for the major asset sale.
- BP PLC also recently purchased Northwest European E5 gasoline barges alongside other energy companies.
- RBC Capital analyst Keith Mackey maintained a buy rating on SLB with a target price of 61.00 USD on August 17.
- UBS also maintained a buy rating on the stock with a target price of 66.00 USD in a report released on the same day.
- SLB currently holds a consensus rating of strong buy with a consensus target price of 63.47 USD, indicating an upside potential of 17.84 %.