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home / news releases / BKR - Schlumberger: Q1 Proves Better Days Are Ahead

BKR - Schlumberger: Q1 Proves Better Days Are Ahead

Baker Hughes Company
  • SLB's Q1 revenue fell 6% sequentially. The company sold certain assets in Q4 2020, which hurt comparisons to Q4.
  • Sans divestitures, North America revenue would have grown in the double digit percentage range.
  • I expect SLB to add scale as the economy reopens. Margins should also improve as the company becomes more efficient.
  • Q1 proved better days are ahead. SLB's performance could be tethered to broader markets. Hold SLB.

For further details see:

Schlumberger: Q1 Proves Better Days Are Ahead
Stock Information
Company Name: Baker Hughes Company
Stock Symbol: BKR
Market: NASDAQ
Website: bakerhughes.com
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