Schlumberger (SLB) Jumps on Higher Crude Prices

Shares of Schlumberger Ltd. (NYSE:SLB) closed up Tuesday as oil prices moved up again, as Goldman Sachs (NYSE:GS) and others up their outlook for crude prices.

Light sweet crude oil for July delivery was up $1.89 to settle at $99.59 a barrel. Brent crude oil for July delivery rose $2.35 to $112.45 a barrel.

Another factor was the weakening dollar again, as the euro increased 0.5 percent at $1.4113, bolstering its buying power for oil.

Goldman increased it estimate for Brent crude from $105 to $120 a barrel for 2011, and for 2012 Goldman raised it from $120 to $140 a barrel.

Schlumberger Ltd. (SLB), which supplies technology, integrated project management, and information solutions to the oil and gas industry around the world, closed Tuesday at $83.28, gaining $1.20, or 1.46 percent.

An ex-dividend is coming on May 27, 2011 for shareholder. Schlumberger pays a quarterly dividend of $0.25, with a yield of about 1.19 percent.

Ex-Dividend for Barrick (ABX) (ACI) (AEM) (CMP) (ZEUS) is May 27

The ex-dividend date for Barrick Gold Corporation (NYSE:ABX), Arch Coal Inc. (NYSE:ACI), Agnico-Eagle Mines (NYSE:AEM), Compass Minerals International Inc. (NYSE:CMP) and Olympic Steel (NASDAQ:ZEUS) is May 27.

Barrick Gold Corporation (ABX) pays a dividend of $0.12 with a yield of 1.06 percent.

Arch Coal Inc. (NYSE:ACI) pays a dividend of $0.11 with a yield of 1.50 percent.

Agnico-Eagle Mines (NYSE:AEM) pays a dividend of $0.16 with a yield of 1.02 percent.

Compass Minerals International Inc. (NYSE:CMP) pays a dividend of $0.45 with a yield of 1.93 percent.

Olympic Steel (NASDAQ:ZEUS) pays a dividend of $0.02 with a yield of 0.27 percent.