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Schlumberger: Severe Weather Can't Stop All-Time Highs

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Summary
  • Schlumberger generated substantial earnings growth despite severe weather.
  • North America revenue saw a sequential increase.
  • Oil services stocks sit near all-time highs.
While the oil services firms had every excuse to turn in a weak first quarter, the initial results were very solid. Baker Hughes (BHI) solidly beat analyst expectations and Schlumberger (SLB) squeaked out a small beat.

Read the full article at Seeking Alpha.


Disclosure: Long HAL. Please review the disclaimer page for more details. 



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