World’s Top Oilfield Service Provider Raises Earnings Outlook ...Middle East

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World’s Top Oilfield Service Provider Raises Earnings Outlook
Schlumberger (NYSE: SLB) reported on Friday higher-than-expected profit for the second quarter as drilling activity rebounded in all markets, prompting the world’s largest oilfield service provider to raise its 2022 revenue and earnings outlook as “the multiyear upcycle continues to gain momentum.”    Schlumberger booked earnings per share (EPS), excluding charges and credits, of $0.50 for the second quarter, up by 47% sequentially and 67% year on year. This past quarter’s EPS were higher than the $0.40 EPS…

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