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Schlumberger (SLB) delivered earnings and revenue surprises of 10.53% and 2.31%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
In this article we will analyze whether Schlumberger Limited. (NYSE:SLB) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas.
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Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland . The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
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History. The Company was founded in 1988 by the merger of the British CAP Group and the French company, Sema-Metra SA. [1] [2] In 1991 Sema and British Aerospace established the BAeSEMA naval systems joint venture to produce naval systems: it was dissolved in November 1998 when BAe purchased Sema's 50% share for £77 million. [3]
Schlumberger (SLB) closed at $42.59 in the latest trading session, marking a +0.24% move from the prior day.
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