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Schlumberger bags USD 42.15 bn in 2012

21st January 2013

Schlumberger 2012 revenue reaches USD 42.15 bn

Schlumberger bags USD 42.15 bn in 2012
Fourth-quarter 2012 revenue was USD 11.17 bn versus USD 10.61 bn in the third quarter of 2012, and USD 10.30 bn in the fourth quarter of 2011

The world’s largest oilfield services provider, Schlumberger on Friday reported full-year 2012 revenue of USD 42.15 bn versus USD 36.96 bn in 2011.

Full-year 2012 income from continuing operations attributable to Schlumberger, excluding charges and credits, was USD 5.58 bn, representing diluted earnings-per-share of USD 4.17 versus USD 3.61 in 2011.
Fourth-quarter 2012 revenue was USD 11.17 bn versus USD 10.61 bn in the third quarter of 2012, and USD 10.30 bn in the fourth quarter of 2011.

Income from continuing operations attributable to Schlumberger, excluding charges and credits, was USD 1.44 bn, which was flat sequentially, and represents a 3 per cent decrease year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was USD 1.08, the same as in the previous quarter, and USD 1.10 in the fourth quarter of 2011.

Schlumberger recorded charges of USD 0.06 per share in the fourth quarter of 2012 versus USD 0.02 per share in the previous quarter, and USD 0.06 per share in the fourth quarter of 2011.

Oilfield Services revenue of USD 11.17 bn increased 5 per cent sequentially and 8 per cent year-on-year. Oilfield Services pretax operating income of USD 2.2 bn increased 1 per cent sequentially and was flat year-on-year.

“We capped the year with revenues of over USD 42 billion, up by 14 per cent, with the international areas growing by USD 4 bn, or 16 per cent, their strongest growth by far since 2008,” said Schlumberger CEO Paal Kibsgaard. “International grew from robust exploration and development activity, both offshore and in key land markets.”