Company Of The Day: Schlumberger

SLB: SLB logo


Oilfield services major Schlumberger (NYSE:SLB) published a stronger than expected set of Q2 2021 results, with revenues rising 5% year-over-year to $5.63 billion and net income standing at $431 million, compared to a loss last year.


Relevant Articles
  1. SLB Stock Looks Attractive At $46
  2. What To Expect From SLB’s Stock Post Q4 Results?
  3. What To Expect From Schlumberger’s Stock Post Q2?
  4. Are Investors Too Optimistic On Schlumberger Stock?
  5. Forecast Of The Day: Schlumberger’s Drilling Revenue
  6. Is This Stock A Better Pick Over Schlumberger?

With oil prices on the rise, Schlumberger saw activity pick up at its Well Construction, Production Systems, and Digital and Integration segments.

So What?

Schlumberger stock rose by almost 2% following the news. While the company expects growth to remain strong in international markets, it indicated that its U.S. business would grow at a slower pace.

See Our Complete Analysis For Schlumberger


What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams