Morningstar Rating

Stock Research and Analysis

by Robert Bellinski, CFA

Bulls Say

Oil demand has remained steady, but oil has become increasingly more expensive to extract from the ground, a scenario benefiting oil service firms.
Schlumberger has a distinct lead in the Russian oil services market, which continues to grow, and could serve as a springboard for increasing number projects in the Arctic.
Schlumberger's aggressive spending on R&D, combined with opportunistic acquisitions, extends the breadth of its product portfolio and allows the firm to increase market share and profitability. Read more 

Bears Say

An oversupply of pressure pumping capacity in North America has weighed on Schlumberger's margins. Without a dramatic rise in the oil or gas rig count, weak pricing conditions could persist.
Brazil's Petrobras controls the largest deepwater exploration opportunities in the world, but has shifted its focus away from new deepwater exploration work through 2014 as it seeks to cut costs.
Schlumberger is active in the Russian and Chinese energy markets, where intellectual property rights may not be enforced. Read more 


Schlumberger's management team has shown good judgement in making acquisitions, managing debt, investing capital, and returning cash to shareholders. In our view, management are standard stewards of shareholder capital.
The firm generates a considerable   Read more 


Schlumberger N.V. is the largest oil service company in the world. The firm works with international, state-owned, and independent oil companies to improve reservoir characterization,  Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)

Go North of the Border for These Energy Picks 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Premium.