It's time to wake up for Mr. PK and your fellow managers, the value is from real work and hard working employees who are hard to find in SLB now, not from your imagination and meaningless transformation and endless bureaucracy. Those only create more game players not value for the investors.
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Also market confidence in SLB Stock price is dictating the price, the confidence is low until the supply demand is better balanced. This is exact same as the others as the leader (until GE/BHI overtake) we always will lead the drive down and up the market hopefully.
Internal confidence, or lack of it, is something different to share price. I think external confidence in SLB is always higher than internal - the gap in the last few years gets wider. When the market improves employees quitting will be the indicator then SLB will stop buying companies and firing employees then panic.
Yep, the only interest that SLB executives and the board of directors have is to make them filthy richer. That's it.
The board is following a salesman that has no interest but his own advancement.
the oil price gain has more association with temporary, de-stabilising conditions such as hurricane Harvey, rig count, shale oil sentiment, Nigeria, stockpiling estimate, etc.