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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.
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 has always invested significant time and money on research and engineering as a long-term strategy to support and grow its technology leadership. Short-term business cycles do not affect this. In 2005, we invested $505 million in R&D for our oilfield activities.
The Schlumberger company then tried to expand their activities to many other countries, but the attempts were hindered by the worldwide depression. On 15 September 1934, Schlumberger's subsidiary in the United States became Schlumberger Well Surveying Corporation (SWSC) with offices in Houston, Texas. Conrad was the chairman, and Marcel was the ...
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Schlumberger (SLB) delivered earnings and revenue surprises of 15.38% and 2.26%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?