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?
- Down 6% This Year, Will SLB Stock Recover Following Q2 Results?
- What’s Next For SLB Stock After A 10% Fall This Year?
- 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?
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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