Schlumberger Announces Second-Quarter 2022 Results and Raises Full-Year Outlook

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Schlumberger Ltd. (SLB) Shares Rise on 'Excellent' Second Quarter Performance

July 22, 2022 2:08 PM EDT

Schlumberger Ltd. (NYSE: SLB), the oilfield services company, reported earnings for its latest quarter on Friday, beating analyst earnings and revenue expectations, sending its stock 4% higher.

The company posted earnings per share of $0.5 on revenue of $6.77 billion, topping analyst consensus expectations of $0.4 on revenue of $6.27 billion.

Following the report, analysts at Stifel and Goldman Sachs released notes, providing positive... More