What do oil field services companies do?
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What do oil field services companies do?
Oilfield services companies provide the products and services necessary to construct, complete and produce oil and gas wells.
What is SLB?
Website. slb.com. Schlumberger Limited (French: [ʃlum. bɛʁˈʒe, ʃlœ̃-]) is an oilfield services company. Schlumberger employees represent more than 140 nationalities working in more than 120 countries.
Who is the biggest oilfield service company?
Top 10 Companies in Oilfield Services Market
- Schlumberger Limited.
- Baker Hughes GE.
- Halliburton Company.
- Weatherford International, PLC.
- China Oilfield Services Limited (COSL)
- Basic Energy Services.
- Superior Energy Services, Inc.
- FMC Technologies, Inc.
Who are Schlumberger customers?
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| Customer | Industry | Country |
|---|---|---|
| Chevron Corporation | Oil, Gas and Chemicals | United States |
| Eni | Oil, Gas and Chemicals | Italy |
| EQT Corporation | Oil, Gas and Chemicals | United States |
| Hess Corporation | Oil, Gas and Chemicals | United States |
Does Halliburton drill wells?
Halliburton delivers precise drilling performance to increase asset recovery, improve wellbore quality, and reduce overall well construction costs. We help you drill precisely, make real-time adjustments, and hit the sweet spot to save cost and reach goals.
What is a vertically integrated oil and gas company?
Vertically integrated oil and gas companies, otherwise known as the “majors,” “big oil,” or “super-majors,” differ from the rest of the industry for the simple fact that their operations involve the integration of most or all aspects of the value chain, from exploration to marketing and retail.
What is the difference between independent and integrated oil and gas companies?
An independent oil and gas company may thrive or wither on the rise or fall of oil and gas prices, while an integrated oil and gas company often has less concern about price volatility. Balanced by its upstream and downstream operations, the business of an integrated oil and gas company can essentially hedge its profits against market downturns.
Why are vertically integrated oil giants difficult stocks to assess?
The broad range of operations of vertically integrated oil giants also makes them difficult stocks to assess. This is explained to some extent by the fact that majors do not spread themselves across the three different segments of the industry in equal proportion, but also because each segment operates according to very different parameters.
What are the different types of oil and gas operations?
Oil and gas operations can be categorized into upstream, midstream, and downstream activities. The upstream activity involves oil and gas exploration and production, the midstream activity focuses on oil and gas transportation and storage, and the downstream activity deals with oil and gas refinement and marketing.
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