With Schlumberger’s earnings call this morning, oilfield earnings season is officially underway.
CEO Paal Kibsgaard addressed several of the themes we expect to dominate the conversation this earnings season including US price increases and activity strength and maybe over-exuberance, sluggish international conditions, aggressive frac reactivation, new business models in offshore drilling, the importance of last mile logistics.
Here are the eight most important things he said…
There’s a lot more to this story…
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Feature photo credit: NY Times