- NEW YORK: Schlumberger Ltd, the world’s largest oilfield services company, reported a 64 percent jump in second-quarter profit on strong worldwide growth.
Oil and gas companies’ spending has picked up far quicker in North America than the rest of the world this year, as crude prices topped $100 per barrel.
Schlumberger’s quarterly profit rose to $1.34 billion, or 98 cents a share, from $818 million, or 68 cents a share, a year ago.
Leaving out one-time items, it earned 87 cents a share from continuing operations.
Revenue rose 62 percent to $9.62 billion.