How Did Schlumberger Stock Fare Before the Recession?


Quick Answer

In 2006 and 2007, Schlumberger traded between $51.68 and $98.37 per share, states Yahoo! Finance. During the height of the financial crisis, Schlumberger's price climbed to $107.43 in June 2008, before falling to $38.06 in February 2009. The price ultimately recovered to $65.09 by the end of 2009.

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Full Answer

The financial crisis, or Great Recession, in the United States ran from December 2007 to June 2009, says the National Bureau of Economic Research. Yahoo! Finance's historical pricing data shows that in the decade covered by the years 1995 to 2004, Schlumberger's stock price never rose above $50 per share.

From 2005 to late 2008, Schlumberger rose at breakneck speed with relatively little volatility. An investor holding Schlumberger stock in his portfolio from January 1, 2005 to September 15, 2008 would have nearly tripled his money, but lost most of those gains shortly thereafter. As of July 2015, Schlumberger has recovered much of its recession-era loss, and trades around $83. The company trades much higher than it did in the late 1990s and early 2000s, but significantly lower than it did when it hit the all-time high price of $117.95 in June 2014.

Schlumberger began trading under the ticker symbol SLB on February 2, 1962, according to the company's investor center. Schlumberger's primary operations are in gas and oil drilling, and in advances in technology to extract those resources with greater efficiency. The company is incorporated in the Netherlands Antilles but operates worldwide.

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