Valued at $62 billion by market cap, Schlumberger Limited (SLB) is a leading oilfield services company. The Houston, Texas-based company provides advanced technology and services to oil and gas explorers and producers through its four divisions: Digital & Integration, Reservoir performance, Well Construction, and Production Systems.
Shares of this top oilfield services firm have significantly underperformed the broader market over the past 52 weeks. SLB has declined 24.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17%. In 2024 alone, shares of SLB are down 16.6%, compared to SPX's 9.9% gains on a YTD basis.
