Oilfield Services Giant SLB Beats Second-Quarter Profit Estimates
SLB beat analysts’ estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its equipment, wrapping up upbeat earnings from the world’s top oilfield services providers.
The company, formerly called Schlumberger, reported a net income, excluding items, of 72 cents per share, for the three months ended June 30, compared with analysts’ average estimate of 71 cents per share, according to Refinitiv data.
