Schlumberger Ltd., the world’s largest oilfield services provider, said fourth-quarter profit rose 31 percent as surging crude prices drove a drilling boom in North America. The company’s shares fell after the chief executive officer said next quarter’s earnings may be lower.Net income rose to $1.04 billion, or 76 cents a share, from $795 million, or 65 cents, a year earlier, Schlumberger said in a statement today.
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Source: Bloomberg
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