Schlumberger is the industry leader in the important Russian oil services market, which is poised for years of growth.
Schlumberger is winning many integrated project-management efforts from Mexico to Russia, where it manages the entire oilfield operations, from shooting seismic to drilling wells. We believe its decades of services experience and close relationships with national oil companies help the firm win some of the largest contracts.
The firm has a strong R&D edge, with 7,000 people working in 25 R&D centers around the world. Read more
An increase in hiring and training outside the U.S. could inadvertently result in technology transfer to other countries and new local competitors appearing.
The U.S. pressure pumping market was oversupplied from 2006 to 2009, which resulted in a significant decline in Schlumberger's North American margins. The market is very volatile, and 2013 looks like it will be a difficult year.
Countries concerned about energy security rather than maximizing production may not focus on acquiring Schlumberger's profitable, production-optimizing technology. Read more
New CEO Paal Kibsgaard leads one of the deepest and strongest management teams in the oil services industry. Longtime CEO Andrew Gould remained as chairman of the board until April 2012. We think the firm's disclosures in its financial statements and Read more
Schlumberger is one of the largest oil services companies, with 120,000 employees across more than 85 countries. It offers a nearly complete array of oil services--from Read more