Schlumberger boosts 1Q revenues as profit falls

Schlumberger, the world’s largest oilfield services provider, increased its revenues by almost 6 pct during the first quarter of 2017 while its profit fell, compared to the year-before period. 

In the quarterly report on Friday, the company posted a $6.89 billion in revenues for the first quarter 2017, an increase compared to $6.52 billion in the same period of 2016.

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