Schlumberger Second-Quarter Profit Falls 24%

Reuters

July 17 (Reuters) - Schlumberger Ltd, the world's largest oilfield services company, reported a nearly 24 percent fall in quarterly profit.

Net income fell to about $1.60 billion, or $1.21 per share, in the second quarter ended June 30, from $2.10 billion, or $1.57 per share, a year earlier.

Revenue rose 8 percent to $12.05 billion.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Joyjeet Das)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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