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In 1934, the Schlumberger Well Surveying Corporation was founded in Houston, [12] later evolving into Schlumberger Well Services, and finally Schlumberger Wireline and Testing.
The Schlumberger brothers called this technique an "Electrical Survey", but the more common name "well log" was coined a few years later in the United States. At that time, Pechelbronn was the only oil field known in France. On 28 July 1928, the owners of the oil field signed a contract with the Schlumberger company to do oil well logging.
An ideal company will be consistently strong in its earnings and cash flow generation. In the past five years, Schlumberger's net income margin has ranged from 12.9% to 22.1%.
Schlumberger (SLB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price ...
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Upon his retirement in 1967, the Schlumberger Well Surveying Corporation's research laboratory in Ridgefield, Connecticut was renamed the Schlumberger-Doll Research Center in his honor.
Schlumberger (SLB) closed at $29.65 in the latest trading session, marking a -1.53% move from the prior day.
History In 1926, Conrad Schlumberger, and his brother Marcel Schlumberger, formed Société de Prospection Electrique (SPE) which specialized in oil and coal exploration as well as civil engineering.
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