Current SLB Stock Info

Year-over-year revenue growth returns
Schlumberger (ticker: SLB) announced first quarter earnings today, reporting net earnings of $297 million, or $0.20 per share. Total revenue was $6.89 billion, up from the $6.52 billion earned in Q1 2016. This is the first year-over-year revenue growth the company has seen in the last two years.

The resurgence of U.S. shale drilling has been the primary driver of this quarter’s revenue growth. Drilling and fracturing led revenue growth but artificial lift and surface systems also grew, according to Schl...


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