Schlumberger Announces Quarterly Results; Sets Ambitious Goals for SPM Division
Schlumberger announced second quarter results on Friday, with pretax operating income rising 25% sequentially, due to a combination of 8% higher revenue and much higher margins owing to very high operating leverage. This very positive result was unsurprising given the rapid recovery in U.S. shale activity. This was reflected in the market’s muted reaction after the announcement, with the company’s shares flat. Likewise, our fair value estimate remains unchanged.However, we would highlight the c...
Schlumberger provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The company has four segments: Reservoir Characterization, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells; Production, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs; and Cameron, which consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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