Schlumberger Reports Q2 Profit Boosted by Higher Oil Prices



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Direct: Schlumberger's profitability increased in the second quarter of this year on an annualized basis, supported by the rebound in oil prices that spurred demand for oil services in North America.

On Friday, he posted net income of $ 430 million (31 cents per share) for the three-month period ending in June, compared to a loss of $ 74 million (5 cents per share) at the same period last year.

In terms of revenues, the total rose 11.3% in the second quarter of 2018 compared with the previous year The Houston-based company said that its revenues from the year-to-date business were higher. North America jumped 43% from April to June to reach $ 3.14 billion. [19659002] International Trade Performance Decreased by About 1% "The second quarter was very busy for Schlumberger, with a number of key events in preparation for the improvement of the business. large-scale global activity that is emerging

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