Schlumberger Ltd. (NYSE: SLB) reported a total 2019 revenue of $32.92 billion, basically flat with the prior year, according to its fourth-quarter and full-year 2019 financial report.
However, it shed more than $1 billion in North American revenue during 2019, compared with the prior year, as challenges its customers faced bled into its own operations.
Schlumberger offers oil field services to exploration and production companies, but U.S. onshore oil and gas producers have faced tightening pressure…
