Schlumberger (SLB)

Schlumberger Ltd. Friday reported net income of $787 million, or 65 cents per share, for the third quarter, a decrease from year-earlier earnings of $1.53 billion, or $1.25 a share. The company said oilfield services revenue in the quarter was $4.95 billion, flat sequentially but down 22% from a year ago. Increases in both North and South America offset further declines in the Middle East and Asia.
But company CEO Andrew Gould said he believes "the worst" is behind the company.

Oct 23 · 9:56:00 AM · Source: Company News Release
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by Larry Etter