Schlumberger (SLB) Sees End in Sight for Slumping Oil Prices
Jan 26th, 2009 | By Don Miller | Category: Financial NewsA massive slump in oil exploration spending pummeled Schlumberger Ltd. (SLB), the world’s largest oilfield services corporation, as profit fell 17% in the fourth quarter. But the company said curtailed spending could be setting the stage for a rebound in oil and gas prices as supplies dwindle.