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Schlumberger (SLB) Beats on Q4 Earnings and Revenues

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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

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