Schlumberger in quarterly profit surge

Schlumberger, one of the world’s largest oilfield services providers, recorded an increase in its profit and revenues during the first quarter of 2018 when compared to the same period last year.

Namely, the company on Friday posted revenues of $7.8 billion for the first quarter of 2018, an 14% increase compared to $6.9 billion in the same period of last year.

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