Schlumberger profit beats, predicts strong 2018 for shale [Reuters]
Schlumberger N.V. (SLB)
Last schlumberger n.v. earnings: 4/17 06:50 am
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Source: Reuters
Schlumberger profit beats, predicts strong 2018 for shale | Reuters 3 Min Read (Reuters) - Schlumberger ( SLB.N ) reported better-than-expected profit in the fourth quarter and said it expected another strong year for North American shale drilling in 2018 along with its first international business growth in four years. $2.7 billion in one-off charges, including an almost $1 billion write-down of investments in Venezuela, widened the company’s GAAP loss to $2.26 billion. It also announced the closure of its land and marine seismic exploration business. Adjusted for the one-off items, however, the past year’s recovery in crude prices drove earnings at the world’s largest oil services company to 48 cents a share, beating average analyst estimates of 44 cents, as per Thomson Reuters I/B/E/S. Shares in Schlumberger, which have risen 25 percent since mid-November, dipped around 1 percent in premarket trading. Chairman and Chief Executive Paal Kibsgaard said explorers and producers now pr
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SLB
Earnings
- 4/19/24 - Beat
SLB
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SLB's page on the SEC website