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Shares of the oil services giant formerly known as Schlumberger climbed even higher on Friday, as the release of strong fourth-quarter earnings gave investors a reason to extend their historic run-up this month.
After soaring nearly 30% to start the year, amid hopes that Venezuela will be a boon for companies that make oil-drilling equipment, a pullback in the stock
SLB after earnings wouldn’t have been a surprise. But investors kept buying on Friday, after SLB beat both profit and revenue expectations by the widest margins in about three years.
