Schlumberger (SLB), a Houston-based energy company, provides technology, integrated project management, and information solutions to oil and gas exploration and production companies around the world.
Schlumberger has three operating segments: Reservoir Characterization, Drilling, and Production. The company operates in four geographic areas:
- North America
- Latin America
- Middle East & Asia
Continue reading through the following sections to learn about each product group and geographic region in detail.
SLB stock is down on earnings news
Schlumberger released its financial information for 4Q14 on January 15, 2015. Its stock reacted negatively immediately following the company’s earnings release. Read the following parts of the series to learn more about SLB’s 4Q14 results in detail.
Schlumberger stock went down by 2.2% to $76.63 on the day of its latest earnings release on January 15, from $78.39 on the previous day.
Schlumberger’s share price is on a downhill. It has gone down ~4% in the past month as a result of the continuous slide in crude oil price. The stock is down ~12% over the past year.
Except for Baker Hughes (BHI), most of the major oilfield service and equipment providers’ share price has decreased in the past year. Other oil and gas field servicing companies that will release their earnings soon are Halliburton (HAL), Baker Hughes (BHI), and Weatherford International (WFT). All of these companies are components of the VanEck Vectors Oil Services ETF (OIH). Schlumberger (SLB) is a major component of OIH, constituting 19.7% of the ETF.
Check out Market Realist’s Energy & Power page to learn more about what’s happening in the industry.