Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

Filed in ceo, earnings, o, revenue, South African Gold, ubs by on January 24, 2011 0 Comments

Filed under: Earnings Reports , Schlumberger Limited (SLB) , Oil On Friday, oil field giant Schlumberger ( SLB ) posted a 31% profit for the fourth quarter, as reported in the Wall Street Journal (subscription required). Earnings rose to $1.04 billion, or 76 cents per share, from $795 million, or 65 cents per share, a year ago.The acquisition of Smith International contributed revenue of $2.49 billion and earnings of $275 million in the quarter. CEO Andrew Gould said that an increase in global demand should drive growth in deepwater drilling around the world and revive onshore activity. Continue reading Schlumberger Sees Increasing Demand, Global Opportunities for Drilling Schlumberger Sees Increasing Demand, Global Opportunities for Drilling originally appeared on BloggingStocks on Mon, 24 Jan 2011 09:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Schlumberger Sees Increasing Demand, Global Opportunities for Drilling

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