MARKETS

Earnings down but optimism up for Schlumberger

LITTLE spending over the past few years has meant declining reserves, according to Schlumberger CEO Paal Kibsgaard, and despite a 4% slump this quarter the company is optimistic about future growth.

Helen Clark

Revenue drop down to seasonal changes says Schlumberger

Revenue stood at US$7.8 billion as a result of seasonal reductions in the Northern Hemisphere, and the services company reported a pre-tax operating income of $974 million, a sequential drop of 16%. ...

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