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Higher oilfield service demand is aiding Schlumberger (SLB). For premium support please call: 800-290-4726 more ways to reach us
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.
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.
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A February 21, 2010 announcement said Schlumberger would acquire the company in an all-stock deal valued at $11.3 billion. The sale price of 45.84 per share was 37.5 percent higher than Smith's closing price on February 18, 2010. The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International.
When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?
Conrad Schlumberger (2 October 1878 in Gebweiler ( Alsace-Lorraine) – 9 May 1936 in Stockholm) and Emile Henry Marcel Schlumberger (21 June 1884 in Gebweiler – 9 May 1953 in Val-Richer) were brothers from the region of Alsace-Lorraine, France, then a part of the German Empire. Their inventions in the area of geophysics and well logging were ...