Schlumberger's Second-Quarter Earnings Rebound Slightly, but Remain in the Loss Column
Before Schlumberger (NYSE: SLB) will be able to start posting profitable quarters again, the global oil market needs to stop sliding. Last quarter, the company's North America earnings began to pick up again, but declines across the globe more than offset those gains. This quarter, though, overall activity across the world showed the slightest signs of a rebound. Couple that with another strong quarter of gains in North America and you have a second quarter that almost brought Schlumberger back into the black.
Here's a summary of Schlumberger's results and where the company stands now in the global pecking order of oil services companies.
Image source: Getty Images.
Source: Fool.com
Schlumberger Ltd. Stock
€45.00
1.120%
With 40 Buy predictions and not a single Sell prediction Schlumberger Ltd. is an absolute favorite of our community.
With a target price of 63 € there is a positive potential of 40.0% for Schlumberger Ltd. compared to the current price of 45.0 €.
