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Schlumberger Limited

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Schlumberger is the largest oilfield services player in the world with presence in every energy market across the world. Also, in all the operating business segments, the company is among the top players. The firm has been banking on growing hydraulic fracturing work in the North American land market. Schlumberger is also expected to generate significant cashflow from the Palliser Block project where the company will assist Torxen Energy in setting up more than 1,600 oil wells. However, since 2015, Schlumberger’s long-term debt load increased considerably. Moreover, the company’s cash balance has been declining over the last six quarters, reflecting significant balance sheet weakness. Also, the year-to-date pricing chart shows a 24.3% drop in Schlumberger’s stock price, which compares unfavorably with peer Halliburton’s 18.6% decline.

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