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