The largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday better-than-expected earnings for the fourth quarter and, like its rivals Halliburton and Baker Hughes, expects spending and activity levels to gain momentum this year. Schlumberger’s earnings per share (EPS), excluding charges and credits, rose by 37 percent sequentially to $0.22, beating estimates of $0.17 of Refinitiv IBES. Schlumberger’s revenue also rose, by 5 percent sequentially, driven by strong activity and solid execution both…
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