Oil doesn’t have to boom for these companies to thrive
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2 min read . Updated: 24 Jul 2022, 05:55 PM IST - Oilfield-service-company stocks are in the hole after demand concerns started pummeling oil prices. The reaction seems overdone.
Oil-and-gas companies aren’t anywhere close to drilling as much as they did in 2014, but some oil-field service companies are squeezing out profit as if they were.