Schlumberger (SLB), the largest component of the OIH, was even weaker than the sector ETF.
Oil services stocks like Halliburton, Schlumberger, and Weatherford International, advanced 2.4%, 1.8%, and 2.9%.
Our major holdings are Schlumberger, Disney, IBM, Microsoft, TJX, Wal-Mart, BankAmerica, Allstate and American Express.
Increased spending by oil firms on recovery technology will boost revenue per rig figures for Schlumberger.
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Institutional names down 30% or more from their highs embrace Coca-Cola, Disney, Gillette, Schlumberger, Lucent, Hewlett-Packard.
In energy Exxon Mobil is relatively stillborn compared with Chevron and Schlumberger, up 13 percent year-to-date.
On the services side, Schlumberger delivered a solid performance as Halliburton saw revenues surge.
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Schlumberger derives around 70% of its revenues from outside North America while Halliburton derives around 40%.
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Oil services firms like Weatherford International and Schlumberger are expanding their operations in the country.
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But he said he likes the oil services sector, such as Schlumberger and Baker Hughes.
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Schlumberger certainly owes something to MMR for these eight months of aggravation and huge added expense.
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Among big contractors, Simmons thinks Baker Hughes and National Oilwell Varco offer better value than Weatherford or Schlumberger .
Offsetting are negative acts by Microsoft, Merck, Schlumberger, Google, Berkshire Hathaway and Oracle, down over 15 percent.
On a 50-minute tour, it becomes clear that geography is a key factor in the Schlumberger story.
Leeb foresees Schlumberger delivering strong earnings growth through the end of this decade and into the next.
Wall Street grossly underestimated the earnings power of major operators like Schlumberger and Halliburton, but no longer.
Contour Energy Systems has an exclusive partnership with Schlumberger for oilfield applications of its battery technology.
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Schlumberger currently caters to unconventional plays in the North American market, which is currently facing significant headwinds.
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"If you are going to develop an oilfield, you contract with a Shell or a Schlumberger, " he says.
OPEC's agreement to increase oil quotas topped out Schlumberger and Halliburton and created massive hemorrhaging in the drillers.
In the year-ago quarter, Schlumberger reported earnings of 98 cents per share, meaning current estimates reflect a 8.2% increase.
Our forecast for Schlumberger assumes that it will be able to maintain its higher EBITDA margins over the future.
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Schlumberger (nyse: SLB - news - people ) succumbed, along with shale oil properties like Suncor.
My energy portfolio embraces Halliburton, Schlumberger (nyse: SLB - news - people ), Transocean and GlobalSantaFe.
The firm has a much smaller presence in the international space compared to rivals like Schlumberger (NYSE: SLB).
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Historically Schlumberger has maintained strong margins in the Middle East and Asia market.
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Seismic specialists like CGGVeritas and Schlumberger's WesternGeco are coming up with new ways to bounce sound waves off rocks.
It is dominated by four giants: Schlumberger, Halliburton, Baker Hughes, and Weatherford International.
Schlumberger, for example, will agree to a measure of payment-for-performance in big contracts.
The idea was for Shell to keep growing in an asset-light manner, outsourcing much of the drilling to oilfield contractors like Schlumberger.
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