Schlumberger 2Q profit up 14 pct as new boss prepares to take the helm

Oilfield services provider Schlumberger recorded a 14 percent increase in its second quarter 2019 net profit while expecting oil market sentiments to remain balanced. Schlumberger has also revealed that its CEO will retire after eight years in the role and the company has already lined up a replacement.

Schlumberger on Friday posted revenues of $8.27 billion for the second quarter of the year, compared to the last year’s result of $8.3 billion.

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