Schlumberger To Remain Resilient In 3Q Driven By Its Transformation Program

The transformation program, that the company began investing in almost eight years ago, has not only enabled the Houston-based company to survive the economic crisis in 2009-2010, but is likely to allow the company to remain resilient even in the currently depressed commodity market. Given the company's limited exposure to the North American drilling market and a broad product line, coupled with efficiency improvements achieved from the transformation program, we expect the oilfield giant to del...