Global Demand Lifts Schlumberger Profits

Published

© Igor Golovnev / Adobe Stock
© Igor Golovnev / Adobe Stock

Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.

Net income fell to $333 million, or 24 cents per share, in the fourth quarter ended Dec. 31, from $538 million, or 39 cents per share, a year earlier.

The year-ago quarter included a gain from an asset sale.

Excluding charges and credits, net income rose to $545 million, or 39 cents per share, from $498 million, or 36 cents per share.


(Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila)

Current News

Serica Boosts North Sea Portfolio with Spirit Energy Assets Purchase

Serica Boosts North Sea Portfo

Petrobras Keeps Oil Output Steady Amid Strikes on Platforms and Refineries

Petrobras Keeps Oil Output Ste

TotalEnergies Sells Stake in Malaysia’s Block to Thailand’s PTTEP

TotalEnergies Sells Stake in M

Seadrill Awarded Contract in the U.S. Gulf and Angola

Seadrill Awarded Contract in t

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine