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About
History
Competitors
About
History
Competitors
Schlumberger (SLB.US) is a global leader in oilfield services and technology solutions, with a current market cap of $68.36 billion as of June 14th, 2023. Founded in 1926 by Conrad and Marcel Schlumberger, the company has a rich history in the oil and gas industry. It provides a wide range of services, including reservoir characterization, drilling, production, and processing, helping oil and gas companies optimize their operations.
Over the years, the company has developed advanced technologies and innovative solutions to address the industry's evolving challenges. It went public in 1941 and has since established a strong global presence, serving clients in over 120 countries. Schlumberger's expertise and commitment to technological advancements have solidified its position as a trusted partner in the energy sector.
The share price history of Schlumberger stock has witnessed fluctuations over the past five years, influenced by various factors such as oil prices, market conditions, and company performance.
During the past five years, the stock reached its highest point at $69.61 per share in July 2018, reflecting positive market sentiment, strong financial performance, or industry advancements. These highs might have been driven by factors such as increased demand for oilfield services, successful contract wins, or favorable industry dynamics. Conversely, the stock also experienced its lowest price at $11.87 per share in March 2020. These lows may have been influenced by factors such as a decline in oil prices, challenging market conditions, or company-specific challenges.
Its share price history reflects the inherent volatility of the stock market, emphasizing the importance of conducting thorough analysis and considering various factors when trading this stock.
Before trading Schlumberger stock, it is essential to consider the competitive landscape within the oilfield services industry. It faces competition from several notable competitors worth considering. Major competitors include ExxonMobil (XOM.US), Chevron (CVX.US) and BP Plc (BP.US).
These companies provide a range of oilfield services, technologies, and equipment to the global energy sector. Factors to evaluate when comparing Schlumberger with its competitors include market presence, technological capabilities, geographic reach, financial performance, and customer relationships. Understanding the competitive dynamics and monitoring industry trends may provide valuable insights for assessing Schlumberger's position and prospects in the market. Also thorough analysis of the competitive landscape is crucial for making informed decisions when trading this stock.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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