Houston, Texas-based Schlumberger Limited (SLB) engages in the provision of technology for the energy sector. Valued at $47.3 billion by market cap, Schlumberger operates as a leading oilfield services company, serving oil and gas explorers and producers across the world.
Companies worth $10 billion or more are generally described as “large-cap stocks.” SLB fits this bill perfectly. Given the company’s extensive operations and dominance in the oil & gas equipment & services industry, its valuation above this mark is unsurprising.
