News wire — SLB beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment from operators as oil and gas prices remained elevated amid tight supplies.
Formerly called Schlumberger, the top oilfield services firm’s net income excluding items stood at $1.03 billion, or 71 cents per share, for the three months ended Dec. 31, compared with analysts’ estimate of 68 cents per share, according to Refinitiv data. (Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri) – Reuters Schlumberger beat Wall Street estimates for fourth-quarter profit
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