Schlumberger Revenues Tumble Under Double Black Swan
Schlumberger saw its first-quarter revenue of $7.5 billion sink 9% sequentially and 5% year-on-year as the global health and economic crisis ravaged the oil industry activity during the quarter. This was sharply amplified by a tense battle for market share between the world’s largest oil producers. “This double black swan…
bubmagApril 20, 2020