Why Schlumberger Is A Name You Should Know
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Posted By: How May I Help You NC on August 11, 2014 By Greg McFarlane While being in the oil-and-gas industry isn’t a guaranteed way to make money, it certainly doesn’t hurt. But being an ancillary provider? That’s where some of the truest and most reliable riches lie. Schlumberger NV (SLB) doesn’t actually sell oil at retail, but they do just about everything leading up to that. The company specializes in what the industry calls “upstream” activity, which involves looking for oil, drilling for it, and operating wells. If it happens before the black gold is ready for the pipeline, Schlumberger does it. The better recognized oil and gas firms, your Exxon Mobil Corp. (XOM) and your Royal Dutch Shell plc (RDS-A), will hire Schlumberger to perform the mundane tasks such as figuring out which advanced drill bits and platforms are best suited for plowing through a particularly challenging bit of rock or sand. It might not be glamorous work, but it’s vital to the greater petroleum industry. And extremely, fantastically remunerative. Rotating cutters, repeat formation testers and radial probes are of interest to few people beyond petroleum engineers, but those implements and the expertise of the people who know what do to with them contribute mightily to keeping Schlumberger well in the black. Continued: http://www.investopedia.com/articles/marke... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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