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Sohini Mondal

Is Schlumberger Stock Underperforming the Nasdaq?

Valued at $62.4 billion by market cap, Texas-based Schlumberger Limited (SLB) is a global leader in oilfield services. Operating in the energy sector, SLB provides advanced technology and comprehensive services to the oil and gas industry, covering all aspects from exploration and drilling to well construction and production.

Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and Schlumberger fits this criterion perfectly. SLB distinguishes itself through its extensive range of oilfield services and innovative technological solutions. It plays a pivotal role in the global energy market by supporting efficient hydrocarbon exploration, drilling, and production across over 100 countries.

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