Schlumberger: Venezuela could become a billion-dollar market again - why I find the stock interesting

Venezuela could again become a billion-dollar market for Schlumberger – historically, the company has already achieved over $1 billion in annual revenue there.
Jörg Meyer
J. Meyer
Reading Time: 2 minutes

I find Schlumberger particularly interesting apart from the tech stocks at the moment, because the Iran war has reignited the discussion about energy independence, and at the same time, a new billion-dollar market could open in Venezuela. The United States seems to be on the verge of securing long-term access to Venezuelan oil reserves, according to media reports. A model is being discussed for 17 oil and gas fields that could subsequently be developed by US companies. Chevron is already looking at potentially expanding its operations by two more...

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