Schlumberger: adjusted EPS up over 50%

(CercleFinance.com) - Schlumberger reported Q1 2018 adjusted net income that is up 51% y-o-y at 525 million dollars, meaning EPS of 38 cents.


Again relative to Q1 2017, the oil services group that is based in Houston improved its pre-tax operating margin by 145 basis points to 12.4%, for revenues that are up 14% at over 7.8 billion dollars.

"We remain optimistic about the outlook for sustainable activity growth in our global business over the course of 2018 and into 2019," says chairman and CEO Paal Kibsgaard, who highlighted recently winning contracts in the Middle East and Latin America.


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