Schlumberger Limited: Future Fundamentals Are Stable

Schlumberger Limited (NYSE:SLB) has been enjoying increasing demand from exploration and production activities all over the world. Improving oil prices and a stable outlook for the energy sector pushes oil production companies to pump more oil – which is resulting in a strong demand for oilfield services.  

Schlumberger is the largest oilfield service company, considering its market cap of $91 billion combined with an extensive presence in the global markets. The company continues to generate robust financial numbers over the last few quarters. Its revenue grew 13% year-over-year in the first quarter, and diluted earnings per ...