Commodities
SLB Is Owed $1.2 Billion for Mexico Work, Up 20% Since June
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SLB, the world’s biggest oil-services provider, said the amount it’s owed in unpaid bills for work in Mexico jumped 20% over the past three months to $1.2 billion.
The company, formerly named Schlumberger, didn’t identity the client, or clients, that owe it money, saying in a filing Wednesday that unpaid bills from its “primary customer” in Mexico are not in dispute. Separately, Halliburton Co. disclosed in a federal filing that its unnamed, primary customer in Mexico accounted for about 10% of all its unpaid bills at the end of September, up from 9% at the end of June.