Schlumberger increased its net profit by 18% in the third quarter

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Oilfield service company Schlumberger reported a third-quarter net profit growth of 18% year-on-year to $644 million. Earnings per share amounted to 46 cents, while experts had expected it to be 43 cents. Revenues amounted to 8 billion 504 million dollars, having increased over the year by 8% and being below forecasts of 8 billion 580 million dollars. In quarterly terms, revenue increased by 2%. The company recorded revenue growth in Latin America by 6%, in the Middle East and Asia – by 2%. Quarterly dividends are approved by the board of directors at 50 cents per share.

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