International Oil Drilling Boosts SLB’s Net Profit in Q1 ...Middle East

SLB (NYSE: SLB), the world’s largest oilfield services provider, reported on Friday 14% higher net income for the first quarter compared to the same period last year, amid strong international drilling demand that more than offset a weaker North American market.  SLB has been saying for several consecutive quarters that it expects strong international drilling business going forward, boosted by a rebound in offshore drilling and growing demand for oil and gas. SLB saw its net income rise to $1.07 billion for the first…

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