Oilfield Services Giant SLB Reports Strong Q3 Results ...Middle East

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Oilfield Services Giant SLB Reports Strong Q3 Results
source : OILPRICE ( Middle East ) () 55
The world’s biggest oilfield services provider, SLB (NYSE: SLB), expects to exceed its commitment of returns to shareholders this year as its third-quarter profit beat estimates and cash flow generation remained strong despite softened short-cycle activity.   SLB reported on Friday earnings per share (EPS), excluding charges and credits, of $0.89 for the third quarter, up by 5% sequentially and 14% year on year. The earnings beat the analyst consensus estimate of EPS of $0.88 compiled by The Wall Street Journal.  Revenues of…

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