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The world's largest oil fields service company Schlumberger reported mixed Q2 earnings Friday with revenue lower due to the delay of projects. North American revenue jumped 43% to $3.14 billion as U.S. oil production surges to record levels

 SLB Automated Drilling

Schlumberger Automated Drilling Positioning Itself in energy markets

Earnings: 

EPS of 43 cents on revenue of $8.3 billion matcing the forecast 43 cents but revenue lower than the expected $8.34 billion. Land revenue was driven by market share gains and operational efficiency improvements as pricing remained flat, and offshore activity began to recover.

Schlumberger Limited. NYSE: $SLB

Market Reaction >Pre-market 67.30 +0.38 (+0.57%)

Segment Highlights

  • North American revenue jumped 43% to $3.14 billion.
  • Middle East and Asia revenue edged up 1% to $2.37 billion.
  • Europe and Africa revenue rose 2% to $1.78 billion.
  • Latin America revenue fell 12% to $919 million.

Segments

Drilling Group Production Group Reservoir Characterization Group Cameron Group: 

  SLB Earnings Q2 18 

  • Note that comeptitor Halliburton $HAL will be reporting its second-quarter results on July 23.

Source: SLB, AlphaStrret

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