Schlumberger Profit Jumps 33 pct

Joseph Keefe
Thursday, April 17, 2014

Schlumberger Ltd, the world's largest oilfield services company, reported nearly 33 percent rise in quarterly profit from continued operations.

Net income from continuing operations rose to $1.59 billion, or $1.21 per share, in the first quarter ended March 31, from $1.20 billion, or 90 cents per share, a year earlier.

Revenue rose about 6 percent to $11.24 billion.


Reporting by Arnab Sen
 

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