20 apr: Nokia: Court Finds Older Nokia Phones Infringed IPCom Patent
20 apr: GLOBAL MARKETS: European Stocks Edge Cautiously Higher; Banks Ral..
20-04-2012 12:46:00

Schlumberger 1Q Net Rose 38% On Solid North America Revenue

Relateret indhold

DOW JONES NEWSWIRES

Schlumberger Ltd.'s (SLB) first-quarter earnings rose 38% as the shift of rigs and services to liquids-rich basins continued to drive revenue growth.

Schlumberger, the world's largest oil field services company, had seen its revenue soar in recent quarters as exploration and production companies ramp up activity in areas like the deep-water U.S. Gulf of Mexico and vast oil-rich shale formations around the U.S. Schlumberger has predicted oil consumption and oil field activity will continue to grow through 2012, driven by relatively high energy prices and large oil companies' expanding their reserves. The company's international performance has also been improving as political tensions eased in key geographies, like Libya, where Schlumberger resumed activity during the fourth quarter.

Schlumberger reported a profit of $1.3 billion, or 97 cents a share, up from $944 million, or 69 cents a share, a year earlier. Excluding items such as merger and integration costs, earnings rose to 98 cents from 71 cents. Revenue was $10.61 billion, a 22% jump from a year earlier, but down 3.3% from the prior quarter.

Analysts polled by Thomson Reuters had most recently forecast earnings of 97 cents on revenue of $10.55 billion.

Oil-field services revenue from North America, the region which generates most of the top-line, dropped 3.2% from the fourth quarter, reflecting the seasonal slowdown in product, software and multiclient sales. The company said North America revenue was flat sequentially, excluding seasonal sales effects.

Schlumberger said the move of rigs and service capacity from gas-rich to liquids-rich basins accelerated during the most-recent quarter, while the pricing weakness experienced in prior quarters reached the liquids-rich basins.

Internationally, the impact of winter weather and year-end sales affects lowered revenue, but growing higher-margin exploration and deepwater activity in a number of regions kept margins flat, sequentially.

The Europe/Commonwealth of Independent States/Africa region's revenue declined 3.3% from the prior quarter while the Middle East and Asia posted a 3.9% decrease. Latin America revenue was down 4.4%.

Shares closed Thursday at $69.80 and were inactive premarket. The stock has fallen 5.4% over the past three months.

--By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

(END) Dow Jones Newswires

April 20, 2012 06:46 ET (10:46 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/tendens: Plusser i vente med fokus på Lundbeck og SAS

05-03-2015 08:41:17
Der er udsigt til en åbning i grønt på det danske aktiemarked onsdag, hvor der blandt andet er fokus på flyselskabet SAS, der er kommet med regnskab, samt Lundb..

DSV: Luftfragt viser svag vækst i starten af 2015

04-03-2015 15:45:52
Der var en vækst på 3,2 pct. i den globale luftfragt i januar sammenlignet med januar året før, hvilket er en noget lavere vækst end i 2014, hvor væksten i genn..

Novozymes-kunde melder om pæn vækst inden for vaskemidler

04-03-2015 14:24:08
Det tyske selskab Henkel, der er kunde hos danske Novozymes, melder om pæn vækst i selskabets division for vaskemidler i de sidste tre måneder af 2014.I regnska..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas udsteder obligation til 500 mio. euro
2
Bavarian/Nordea: Kursmålet skrues kraftigt i vejret
3
Aktier/middag: Bavarian blæser til tops
4
Bavarian lander milliardaftale om prostatacancermiddel - NY3
5
Bavarian/Nordea: Aktien kan være over 500 kr. værd - NY

Relaterede aktiekurser

Schlumberger 76,94 1,8% Stigning i aktiekurs
Schlumberger Ltd 85,14 0,0% Aktiekurs uændret
Schlumberger 79,00 0,0% Aktiekurs uændret
Schlumberger COM STK US$.. 85,03 0,0% Aktiekurs uændret

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
5. marts 2015 11:23:05
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150225.2 - EUROWEB5 - 2015-03-05 11:23:05 - 2015-03-05 11:23:05 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x