Daily Management Review

Schlumberger doubles net profit for 9 months


The net profit of American Schlumberger, the world's largest service company in the field of oil and gas, amounted to $ 1.628 billion in the first nine months of 2018, which is 2.1 times more than in annual terms, the company said in a press release.

Diluted earnings per share were $ 1.15 versus $ 0.54 for the same period in 2017. In the reporting period, the company's revenue grew in annual terms by 10.7%, to $ 24.636 billion.

Schlumberger's net profit in the third quarter of 2018 increased by 18.3% to $ 658 million. Diluted earnings per share were $ 0.46 versus $ 0.39 a year ago. The company's revenue grew by 7.6%, to $ 8.504 billion.

Revenues from operations in North America for the quarter increased by 2% in quarterly terms - to $ 3,189 billion. Revenues from contracts in Europe, the CIS countries and Africa also rose by 2% - to $ 1.82 billion. In the Middle East and Asia, revenues in quarterly terms, increased by 2%, to $ 2.417 billion

"Our third-quarter revenue of $ 8.5 billion increased by 2% qoq due to international activity, where significant recovery continued and where quarterly growth surpassed North America for the first time since the second quarter of 2014," said Paal Kibsgaard, the company’s CEO.

Schlumberger is a leading global provider of integrated reservoir assessment, well construction, production control and hydrocarbon processing. Works in more than 85 countries. The company's headquarters are located in Paris, Houston, London and The Hague.

source: bloomberg.com

Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Mexico approves amendments to NAFTA

Finnish parliament to vote for prime minister

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan