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This Oilfield-Services Stock Is Just Getting Started
It took conflict in the Middle East for the market to start paying attention to the energy sector again. The Houston-based company, formerly known as Schlumberger, has an $87 billion market capitalization and is the world’s largest oilfield-services provider, with operations in 120 countries. The rise in oil prices, from about $55 a barrel in early January to a recent price above $90, certainly helps SLB’s case.
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