A Review of the Nigerian Energy Industry

Schlumberger profit rises 18.2 pct on higher oilfield services demand

20 October 2018, News Wires — Schlumberger NV posted an 18.2 rise in quarterly profit on Friday, as a recovery in crude oil prices boosted demand for its services in North America and international markets.

The world’s largest oilfield services company said net income rose to $644 million, or 46 cents per share, in the third-quarter ended Sept 30, from $545 million, or 39 cents per share, a year earlier.

The Houston-based company’s revenue rose to $8.5 billion from $7.91 billion.

  • Reuters
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