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Schlumberger is often underestimated in the stock market and labeled merely as a classic oilfield service provider, whose success solely depends on the capital expenditures of resource giants. However, this perspective is too narrow. While rising oil prices traditionally fuel exploration, a massive, often overlooked growth driver is emerging in Venezuela. As an established player in the region, Schlumberger is perfectly positioned to directly benefit from the targeted increase in production to up to 2.5 million barrels per day. A return to previous...
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