","image":{"@type":"ImageObject","url":"https://g.foolcdn.com/avatar/1624931198/large.ashx","height":"80","width":"80"}},"about":[{"@type":"Corporation","tickerSymbol":"CLB"},{"@type":"Corporation","tickerSymbol":"NYSE HAL"}],"publisher":{"@type":"Organization","@id":"https://www.fool.com/","name":"The Motley Fool","url":"https://www.fool.com/","logo":{"@type":"ImageObject","url":"https://g.foolcdn.com/misc-assets/logo-tmf-primary-7-magenta-royalpurple.svg","width":"157","height":"43"},"brand":"The Motley Fool","contactPoint":{"@type":"ContactPoint","contactType":"Media Inquiries","email":"[email protected]"},"publishingPrinciples":"https://www.fool.com/about/","sameAs":["https://www.fool.com/about/","https://en.wikipedia.org/wiki/The_Motley_Fool","https://www.wikidata.org/wiki/Q7752442","https://www.linkedin.com/company/the-motley-fool","https://www.facebook.com/themotleyfool/","https://x.com/themotleyfool","https://www.instagram.com/themotleyfoolofficial/","https://www.youtube.com/channel/UCpRQuynBX9Qy9tPrcswpPag","https://www.pinterest.com/themotleyfool/","https://www.tiktok.com/@themotleyfoolofficial","https://www.google.com/search?kgmid=/m/0578mk"]},"description":"By focusing on new business models, oil services companies are keeping an eye on the future.","image":{"@type":"ImageObject","height":"630","width":"1200"}}

Oil Services Companies Are Evolving With the Times

By focusing on new business models, oil services companies are keeping an eye on the future.

By Joel South and Taylor Muckerman – May 21, 2014 at 11:00AM EST

With fracking margins tightening over the past few years, oil services companies are having to evolve. Businesses such as Core Laboratories (CLB +0.00%) are taking a chance on long-term success through diversification -- including testing and reservoir analysis -- while risking a short-term hit by turning away from their traditional offerings.

In this "Digging for Value" video, Fool energy and materials analysts Joel South and Taylor Muckerman talk about the shift oil services companies have made in the past few years. 

 

 

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About the Author

Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage. Follow @tmfenergy

XMFTheWhisperer

Stocks Mentioned

Halliburton

NYSE: HAL

$37.65

(+0.36%)+$0.14

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