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Schlumberger (SLB) reports Q2 earnings July 19th. Analysts expect revenue of $8.11 billion and EPS of $0.35. The revenue estimate implies 3% growth sequentially. Investors should focus on the following key items.
North America Could Finally Falter
Earnings season continues to center around which oil services companies have a major share in North America and which ones do not. Schlumberger (SLB), Halliburton (HAL), and Baker Hughes (BHGE) have dominated the sector. Weatherford International (WFT) was known for its prowess in North America land drilling, but