Schlumberger (SLB) is the world’s leading oilfield service company providing wireline, drilling and measurement and well testing services, completion, artificial lift, data and consulting services, land and marine seismic services and reservoir services.
Schlumberger has grown profits at a 16% pace over the past ten years; the dividend growth rate has been lower rate but management has stated that it intends to increase it in the near term. In addition, the company has earned a 11-25%+ return of equity over the last ten years. While the company experienced lower earnings in 2009, SLB profits resumed their up trend in 2011 and should continue to grow at an above average over the long term as a result of:
(1) its financial strength and technological leadership positions it to benefit from increased activity in oilfield services and simulation and completion services,
