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Thwarted by Oil Market, SLB Posts first Quarterly Loss in More than a Decade
Fourth quarter earnings season is officially underway, and, expectedly, Schlumberger (ticker: SLB) opened up the forum with a not-so-pleasant outlook on the oil and gas market.

Paal Kibsgaard, Chairman and Chief Executive Officer of the world’s largest oilservice company, essentially echoed all of the problems that have plagued the market throughout the commodity downturn. High volumes, along with an incoming surge from Iranian production and reduced growth from e...


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