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Schlumberger’s New Plans and Focus in 2018

Alex Chamberlin
Schlumberger’s New Plans and Focus in 2018

From May 25, 2016, to May 24, 2018, Schlumberger’s (SLB) stock price declined nearly 9.0%. In the past two years, SLB’s smaller market cap peer Baker Hughes, a GE Company’s (BHGE) stock price has increased 12.0%, while Flotek Industries’ (FTK) stock price declined 75.0%. From May 25, 2016, to May 24, 2018, the VanEck Vectors Oil Services ETF (OIH) has remained nearly unchanged.