Company Of The Day: Schlumberger
What?
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.
Why?
- With The Stock Flat This Year, Will Q1 Results Drive SLB Stock Higher?
- Down 7% Already This Year, Will SLB Stock Recoup These Losses After Q4 Results?
- Flat Since The Beginning of 2023, What Is Next For SLB Stock?
- SLB’s Q2 Earnings: What Are We Watching?
- SLB Stock To Likely Trade Higher Post Q1
- SLB Stock Looks Attractive At $46
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
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