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Schlumberger's Earnings Break Out of Their Funk in the Third Quarter


Schlumberger's Earnings Break Out of Their Funk in the Third Quarter

Anyone who thought the oil and gas industry's recovery was going to be linear was kidding themselves. For the past several quarters, we have seen the industry grow in fits and starts, especially oil services companies that have had to react to the booming North American market. 

This past quarter, though, oil services giant Schlumberger (NYSE: SLB) posted third-quarter results that suggest we are finally on the upswing. Here's a brief look at the company's most recent results and some of the more captivating moves management made recently to give Schlumberger some new growth opportunities. 

Image source: Getty Images.

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Source: Fool.com

Schlumberger Ltd. Stock

€45.00
1.120%
Schlumberger Ltd. gained 1.120% today.
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
As a result the target price of 63 € shows a positive potential of 40.0% compared to the current price of 45.0 € for Schlumberger Ltd..
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