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Friday, Oct 19
2012, 4:42 PM
International exposure was the difference in Q3 results and outlooks for oilfield services...
International exposure was the difference in Q3 results and outlooks for oilfield services stocks Baker Hughes (BHI) and Schlumberger (SLB) (I, II). Just 44% of BHI revenues are derived from outside North America. At SLB, it's more than 70%, and that leverage positions it well for several years, UBS says: “Strong execution and leading technologies will allow [SLB] to continue to be a consistent and strong performer."