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Timothy Smith

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Timothy Smith

Re: stocksmarter post# 156

Monday, 08/17/2015 5:46:41 PM

Monday, August 17, 2015 5:46:41 PM

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Revenue from North America fell 27% sequentially in Q2; this was consistent with competitors who experienced revenue declines in the region from 25% to 30%. However, revenue outside North America was relatively stable, declining only 5%.

The international rig count has not fallen as fast as that in North America and it has helped anchor the company. Currently Schlumberger's derives about 75% of its revenue outside North America.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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