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>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 2 3 4 5

OFFSHORE TECHNOLOGY CONFERENCE (OTC2020)

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance…

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >

OTC ASIA 2020

The Offshore Technology Conference Asia (OTC Asia) is where energy professionals meet to exchange…

read more >

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >