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$60.50 -0.05 (-0.08%)
10/10/2008 4:05 PM

Schlumberger Limited (ADR) (SLB)

CAPS Rating:
*****

An oilfield services company, supplying technology, project management and information solutions that optimize performance in the oil and gas industry. It consists of two business segments: Schlumberger Oilfield Services and WesternGeco.

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Avatar Toddq36 (< 20) Submitted: 6/13/08 9:34 AM : Outperform Start Price: $100.87 SLB Score: -3.71

Schlumberger Limited (Schlumberger) is an oilfield service company supplying a range of technology services and solutions to the international petroleum industry. It consists of two business segments: Schlumberger Oilfield Services, which is an oilfield services company supplying a range of technology services and solutions to the international oil and gas industry and WesternGeco, which is an advanced surface seismic company. Schlumberger’s products and services include the evaluation and development of oil reservoirs, well construction and production consulting, and sale of software programs. It also offers storage tank and seismic monitoring services. In November 2007, the Company acquired an additional 5.5% share in Framo Engineering AS, which increased its holding to 52.75%. On December 10, 2007, the Company acquired Eastern Echo Holding plc. In May 2007, the Company acquired Insensys Oil & Gas Ltd. In 2007 the Company acquired Geosystem and TyumenPromGeofizika.

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Avatar chk2595 (58.42) Submitted: 7/03/08 10:46 AM

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Schlumberger is diversified so that it can capitalizd on increased American drilling and improving production as well as overseas. While the US does not encourage more drilling, foreign countries regardless of their ownership will drill and need the expertise of Schlumberger to get the job done.

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