Schlumberger profits rise to seven-year high on ‘constructive’ energy fundamentals
Schlumberger profits rise to seven-year high on ‘constructive’ energy fundamentals
Schlumberger (NYSE:SLB) reported pre-tax profits of $907 million for Q3 2022, a 64% improvement on the same period last year and its highest quarterly result since 2015.
Revenue at the oilfield services heavyweight also rose on last year and the previous quarter, reaching $7.4 billion, while adjusted EDITDA rose to $1.75 bn.
The solid performance saw earnings of $0.63 per share, reportedly beating analyst expectations of $0.55 per share, Refinitiv IBES said.
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