Back to top

Image: Bigstock

Schlumberger (SLB) Beats on Q4 Earnings and Revenues

Read MoreHide Full Article

Houston, TX-based Schlumberger Limited (SLB - Free Report) is the largest oilfield services player in the world with presence in every energy market across the world.

Schlumberger’s reporting segments can be categorized under four segments: Reservoir Characterization, Drilling, Production and Cameron. In the last four trailing quarters, the company has reported a positive average earnings surprise of 4.2%.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Earnings per share (excluding special items) came in at 48 cents, surpassed the Zacks Consensus Estimate of 44 cents.

Revenue: Revenues of $8,179 million came higher than the Zacks Consensus Estimate of $8,116 million.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $360 million, up 13% year over year. Moreover, Drilling Group contributed income of $319 million, surged 36% year over year. Also, income from Production Group jumped 146% to $315 million.

Schlumberger N.V. Price and EPS Surprise

Schlumberger N.V. Price and EPS Surprise | Schlumberger N.V. Quote

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Schlumberger Limited (SLB) - free report >>