The American oilfield services company SLB (formerly known as Schlumberger) increased its net profit in the second quarter of 2023 by 7%, revenue by almost 20%. SLB’s net profit in April-June amounted to $1.03 billion against $959 million a year earlier. Earnings per share rose to $0.72 from $0.67. Earnings excluding one-time factors were $0.72 per share, exceeding the consensus forecast of analysts surveyed by FactSet at $0.71 per share. SLB’s quarterly revenue increased to $8.1 billion from $6.77 billion a year earlier. Experts on average predicted this figure at the level of $8,204 billion. The company’s revenue in North America increased 14% compared to the second quarter of last year to $1.75 billion, revenue in the international market increased by 21% to $6.3 billion . “We continue to see an increase in investments in the upstream segment in the world,” SLB said in a press release. In the last quarter, the company repurchased its own shares in the amount of $213 million. Its board of directors approved the payment of a dividend of $0.25 per share for the second quarter. Since the beginning of 2023, the capitalization of SLB has grown by 7%.
Source: Turan News Agency