Company Of The Day: Schlumberger

-2.82%
Downside
32.73
Market
31.81
Trefis
SLB: Schlumberger logo
SLB
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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