Market Updates
Schlumberger Positioned to Benefit from Multi-Year Investment Cycle
Scott Peters
22 Apr, 2022
New York City
Schlumberger said first quarter 2022 revenues increased 14% to $6 billion, net income soared 70% to $510 million, and diluted earnings per share increased 71% to 36 cents from 21 cents a year ago.
International revenues increased 10% to $4.6 billion and North America revenues rose 32% to $1.3 billion.
Latin America led the revenue growth across all geographies as drilling activities ramped up in Mexico, Ecuador, Argentina, and Brazil.
Europe/CIS/Africa grew primarily from higher Production Systems sales in Turkey and increased exploration drilling in offshore Africa
Annual Returns
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Earnings
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