Infill Thinking Lifting the O&G knowledge curve
This morning, Schlumberger management hosted a conference call with analysts to discuss 4Q16 results and the 2017 outlook. The company kicked off oilfield service earnings season on a positive note.
Following nine consecutive quarters of relentless workforce reductions, cost cutting, and restructuring efforts, Schlumberger is restoring focus on the pursuit of growth. During the quarter, Schlumberger further rationalized their global support structure, but total headcount remained flat sequentially at 100,000 employees.
For us, the biggest positive surprise today was Schlumberger’s highly constructive comments on the international marketplace. Infill Thinking readers know well that the US onshore market is firmly in recovery mode, but international prospects have lagged behind as expected.
For the first time in several years, Schlumberger’s international outlook turned distinctly positive. We start there as we boil down the key market context from Schlumberger’s 2017 outlook into eight key takeaways (subscribe below to see the full report).
There’s a lot more to this story…
Login to see the full update…
Members get:
- Exclusive research update newsletters
- High-caliber, data-driven analysis and boots-on-the-ground commentary
- New angles on stories you’ll only find here
- No advertisements, no noise, no clutter
- Quality coverage, not quantity that wastes your time
- Downloadable data for analysts
Contact us to learn about signing up! [email protected]
