Oilfield Services Company Schlumberger Beast Q1 Expectations ...Middle East

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Houston-based oilfield services provider Schlumberger beat analyst estimates for Q1 profits, the company reported on Friday but offered a lowered outlook for its North American growth in 2023. Higher crude oil prices and tight supplies boosted the demand for SLB’s services and equipment for the first quarter, SLB said, boosting its bottom line. Schlumberger’s first quarter revenue came in at $7.7 billion. For its international segment, revenue rose 29% compared to the first quarter last year, to $5.97 billion. The company’s North…

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