Schlumberger is an example of how the oil service industry fared lately. Looking to the first quarter earnings of this company, we observe how they tumbled with 30%. The world's largest oilfield services company said net income in the January-to-March period fell to $938.5 million, or 78 cents per share, versus $1.34 billion, or $1.09 per share, a year earlier.
But if one take a look to the OIH index than we see the bullish sign.
But if one take a look to the OIH index than we see the bullish sign.
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