-+ 0.00%
-+ 0.00%
-+ 0.00%
Changes in US stocks | Schlumberger (SLB.US) rose nearly 7% Q3 production system revenue increased 15% year over year
Share
Listen to the news

The Zhitong Finance App learned that on Friday, Schlumberger (SLB.US) rose nearly 7% to $52.94. Financial reports show that in the third quarter, Schlumberger's overall revenue data was about US$9.449 billion, up 5% month-on-month and 6% year-on-year; adjusted earnings per share (Adjusted EPS) of $0.64 (Adjusted EPS) was 0.64 US dollars, higher than market expectations of $0.62, and revenue also exceeded the consensus estimate of about US$9.27 billion. The company's net profit for the third quarter was $735 million; adjusted EBITDA (Adjusted EBITDA) of $2,067 million, a profit margin of 21.9%, up 71 basis points from month to month.

Production Systems (Production Systems) was Schlumberger's main source of performance growth in the third quarter, with business revenue of about US$4 billion, up 15% year over year; Well Construction (Well Construction) and Reservoir Performance (Reservoir Performance) revenue were $2,888 billion and US$1,634 million respectively, both up 5% month-on-month and down 3% year-on-year. The Middle East business grew 13% month-on-month and still declined 12% year over year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending