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Schlumberger Limited

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Schlumberger is the world's largest oilfield services company. The continued and effective cost-management initiatives are noteworthy. Higher activities in the land market of the U.S and fracturing work recovery in North America also are commendable. Moreover, the strength in its fundamentals is reflected through its attractive  dividend yield. The company’s focus on international markets deserves appreciation. Despite those positives, given the oil supply glut, the price of the commodity will likely remain low.  During the second quarter, the company’s operations were hampered in India, where rig activities were severely affected by heavy rains. Also, revenues in Kuwait were hurt. On top of that, Schlumberger’s offshore activities in the Gulf of Mexico were severely affected in the second quarter.


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