Schlumberger Ltd. (SLB) Chief Executive Andrew Gould said customers will boost spending at oil prices near $80 a barrel.

"Our customers will loosen their purse strings on high-end technology," Gould said during a conference call to discuss the oilfield-services company's first-quarter earnings.

However, Gould noted that Schlumberger wouldn't have any "real pricing traction" until equipment shortages begin occurring, and that would likely happen in certain areas such as drilling and measurements in 2011.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@dowjones.com
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Schlumberger.
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Schlumberger.