Dec. 29, 2018

Schlumberger’s stock prices see huge drop, future remains hopeful

The stock price of oilfield services giant, Schlumberger has plummeted by more than 40% in the last few months. While the market cap of Schlumberger is more than double of Halliburton and Baker Hughes’ combined, its annual revenue has dropped significantly. The firm is currently trading with a P/E of 18. However, Schlumberger has managed to have an incredibly strong performance, particularly from its turnkey solutions.

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