Oilfield service giant Schlumberger Limited’s (SLB) earnings and revenue topped Wall Street estimates in the fourth quarter. Its earnings beat analyst estimates by 4.9%, while its revenue came 1.1% higher than the consensus estimate.
SLB’s CEO Olivier Le Peuch said, “We delivered strong fourth-quarter results and concluded a remarkable year for SLB with great success. Revenue grew across all Divisions and geopolitical areas, with robust year-end sales in digital and particularly strong service activity offshore and in the Middle East, where we witnessed a significant inflection as capacity expansion projects mobilized.”
