Oil service firms eye new survival tactics amid weak U.S. market
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Schlumberger Ltd. (SLB) Reports In-Line Q2 EPS, Revenues Beat
July 19, 2019 7:01 AM EDTSchlumberger Ltd. (NYSE: SLB) reported Q2 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $8.3 billion versus the consensus estimate of $8.11 billion.
Worldwide revenue of $8.3 billion increased 5% sequentiallyInternational revenue of $5.5 billion increased 8% sequentiallyNorth America revenue of $2.8 billion increased 2% sequentiallyPretax segment operating income of $968 million increased 7% sequentiallyEPS was $0.35Cash flow from operations and free cash flow were $1.1 billion and $0.5 billion, respectivelyQuarterly cash dividend of $0.50 per share was approvedDuring the first half of 2019, excluding Cameron, international revenue increased 8% year-over-year... More
