Company Of The Day: Schlumberger
What?
The number of active drilling rigs in the U.S. rose by 67% through 2020, although it remained flat at about 586 over the last week, per data from Baker Hughes.
So What?
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The stronger oilfield activity should bode well for Schlumberger (NYSE: SLB) which is one of the largest oilfield services players in the U.S. SLB stock gained about 35% over the last year.
See Our Complete Analysis For Schlumberger
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