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Schlumberger 3Q16: Turns a Profit, but Profits Down 82% Y/Y | Marcellus Drilling News
Schlumberger, the world's biggest oilfield services company, issued their third quarter update yesterday. It was a mixed bag, with some good news and some not-so-good news. Like Halliburton, their chief rival, Schlumberger turned a profit in 3Q16 (see Halliburton 3Q16 Earnings Surprise: Turns a Profit!). Halliburton made a measly $7 million in 3Q16, while Schlumberger