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US Rig Count Impacted SLB and HAL in 1Q18

Alex Chamberlin
US Rig Count Impacted SLB and HAL in 1Q18

Schlumberger (SLB) and Halliburton (HAL), the two OFS (oilfield equipment and services) companies that we’re discussing in this series, saw higher revenues from North America in 1Q18—compared to the previous year. Schlumberger’s North America revenues increased 52% in 1Q18—compared to 1Q17. In 1Q18, Schlumberger’s North America revenues accounted for 37% of its total revenues. Halliburton’s North America revenues