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home / news releases / SLB - Halliburton Retrenches

SLB - Halliburton Retrenches

Schlumberger N.V.
  • Halliburton's Q2 revenue and EBITDA fell hard. North America E&P is in free fall due to customers' budget exhaustion and a declining rig count.
  • Cost takeouts helped buoy margins. These could pay dividends down the road if oil markets stabilize.
  • It must monetize working capital in order to drive cash flow. The spotlight will be on cash flow next quarter.
  • At less than 7x EBITDA, Halliburton is a Hold.

For further details see:

Halliburton Retrenches
Stock Information
Company Name: Schlumberger N.V.
Stock Symbol: SLB
Market: NYSE
Website: slb.com
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