Wells Fargo Upgrades Schlumberger (SLB) to Outperform

Schlumberger Announces Second-Quarter 2015 Results

July 16, 2015 4:15 PM EDT

Revenue of $9.0 billion decreased 12% sequentially EPS of $0.88 declined 17% sequentially, excluding charges and credits Free cash flow of $1.5 billion represented 132% of earnings Sequential decremental operating margin was 23% 5.8 million shares repurchased for $520 million during the quarter

LONDON--(BUSINESS WIRE)-- Schlumberger Limited (NYSE: SLB) today reported results for the second quarter of 2015.

          (Stated in millions, except per share amounts) Three Months Ended Change Jun. 30, 2015 Mar. 31, 2015 Jun. 30, 2014 Sequential Year-on-year Revenue $ 9,010 $ 10,248 $ 12,054 -12 % -25 %... More