Current SLB Stock Info

 “The current situation is not sustainable” – Schlumberger CEO Paal Kibsgaard
Production has held up well over the downcycle, but headline numbers of absolute production volume are masking an underlying problem that could soon hit the oil and gas industry, according to Schlumberger (ticker: SLB) Chairman and CEO Paal Kibsgaard. Underinvestment over the last three years means production is not being replaced by further exploration, leading to faster depletion of known resources, and potentially, a resource crunch in the future.

Decline rates...

Legal Notice