2024-06-03 09:47:22 ET
Summary
- Schlumberger Limited is a leader in the oil and gas industry but is still affected by industry fluctuations and (secular) challenges.
- Schlumberger's revenues have fallen recently but showed some recovery as the outlook is stabilizing, and the business shows modest growth.
- Schlumberger has seen a 10% decline in share value but is gradually becoming more appealing following a recent acquisition and a solid financial performance.
Towards the end of last year, I called Schlumberger Limited ( SLB ) steady with upside, although I still referred to the company as Schlumberger. Fast forwarding half a year in time, shares have lost some 10% of their value as SLB has seen an eventful year so far with the pending acquisition of ChampionX ( CHX ) ....
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Schlumberger Limited: Consolidating In Response To Consolidation