Liam Denning, Columnist

Schlumberger Helps Out Halliburton

North American fracking demand is strong, benefiting the smaller company.

October 20, 2017 at 2:01 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Schlumberger's results look great -- for Halliburton.

The oilfield-services bellwether kicked off earnings season for the sector on Friday morning. Given Schlumberger Ltd.'s global reach, investors pore over its numbers and commentary for insights on every part of the oil business. But the clearest signal from the latest results came from North America. It's the only region providing high and sustained growth for the company: