SLB Revenue Hurt by Falling Commodity Prices
Schlumberger(SLB) Investopedia·2024-10-19 02:57
Key TakeawaysOilfield services provider SLB said a lower trend in commodity prices negatively affected its quarterly results released Friday.The company said the recent decline in commodity prices led many of its customers to pull back on their activity and discretionary spending.Friday's pullback in oil and natural gas prices also dragged down the S&P Energy Sector Index. SLB (SLB) shares slumped Friday as a lower trend in oil and gas prices hurt quarterly results for the big oilfield services provider. SL ...