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Will Rising Rig Counts Add to Schlumberger’s Tally in 2018?

Alex Chamberlin
Will Rising Rig Counts Add to Schlumberger’s Tally in 2018?

In the first quarter, Schlumberger’s (SLB) North American revenue share increased to ~37% of SLB’s total revenues, compared to 28% in Q1 2017. In comparison, Halliburton (HAL) generated 61% of its first-quarter revenues in North America.