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Schlumberger (SLB) closed the most recent trading day at $35.85, moving -0.94% from the previous trading session.
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?
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.
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]
In the latest trading session, Schlumberger (SLB) closed at $35.97, marking a +1.5% move from the previous day.
In 1992 Schlumberger acquired the company. In 1993, Schlumberger merged its data services group, Finder Graphics, with GeoQuest Systems to establish the GeoQuest product line, based in Houston, Texas. In November 1995 GeoQuest acquired the ECLIPSE reservoir simulation software product line from Intera.