Schlumberger Posts $1.53 Full-Year EPS

Schlumberger has bounced back in black in the fourth quarter of 2018, against last year’s Q4 loss of $2.25 billion that was booked following restructuring and asset writedown charges.

The oilfield services giant generated quarterly profit of $538 million, or 39 cents per share, on relatively flat Q-on-Q revenue of $8.2 billion.

Sequentially, the profit fell some 16 per cent, with revenues also down some 4 per cent.

For the twelve months of 2018, Schlumberger generated net profit of $2.14 billion, on revenue of $32.8 billion, versus loss of $1.5 billion and revenue of $30.4 billion in 2017.

Schlumberger’s unit Cameron had quarterly revenue of $1.3 billion, of which 55 per cent came from international markets – down 3 per cent sequentially primarily due to lower OneSubsea and Valves & Measurement product revenue.

OneSubsea had $600 million in orders for the fourth-quarter 2018 and backlog of $1.2 billion.

Subsea World News Staff

Share this article

Follow Subsea World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >