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The net profit of the American oil and gas company, Schlumberger, was $2.138 billion compared to a loss of $1.555 billion in 2017. Revenue increased by 8% to $32.815 billion. Net diluted earnings per share were $1.53 against a loss of $1.08 in 2017. Schlumberger ended the fourth quarter with a profit of $538 million against a loss of $2,255 during the 2017 earnings period. Diluted earnings per share in the last quarter of 2018 were $0.39 against a loss of $1.63 in 2017. Quarterly revenue increased by 0.01% in the fourth quarter of 2018. In the last quarter of 2018, the company noted a 1% increase in revenue from sales in Europe, CIS and Africa. Revenue growth in Asia and the Middle East was 2%. At the same time, work in North America brought Schlumberger revenue cut by 12%. Schlumberger has maintained stable international activity, despite price hikes in the oil market. The contracts in Asia and the Middle East brought the company high returns, which offset the weakening of activity in Russia.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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