Schlumberger 2Q Preview: Sluggish US Drilling Activity To Dampen Schlumberger's Margins

Schlumberger, the largest oilfield services company, is set to release its second quarter results before the market opens on Thursday, 16th July, 2015. As a majority of oil and gas companies continue to hold back on their upstream capital spending amidst weak crude oil prices, we expect the company's quarterly earnings to decline on a sequential, as well as on a year-on-year basis. However, with a broader product line and a smaller revenue exposure to the North American market (where the majorit...