Should Investors Steer Clear of SLB Stock After Q2 Earnings?
Schlumberger(SLB) ZACKS·2024-07-22 22:30
Last week, SLB (SLB) reported strong second-quarter 2024 results, driven by widespread activities in the international market and margin improvements across all business segments. Despite the oilfield service giant's core business capitalizing on its favorable momentum, the overall business outlook is not impressive.Before delving into the underlying reasons for the subdued outlook and addressing the critical question of how investors should strategically position themselves regarding the stock, let’s first ...