Liam Denning, Columnist

Schlumberger Rediscovers the American Dream

It's pivoting to enjoy surging shale production -- that could undercut it internationally.

January 19, 2018 at 4:25 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.

1516380642_GettyImages-113344133 — Photographer: Chip Somodevilla/Getty Images

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What a difference three months, and $10, make for Schlumberger Ltd.

The world's biggest oilfield services company kicked off earnings season for the industry on Friday morning. Three months ago, unveiling third-quarter figures, it had this to say on the outlook for North American drilling and fracking: