The Houston, Texas-based oilfield equipment maker posted net income of $601 million, or 42 cents per Schlumberger share, in the fourth quarter, up from $374 million, or 27 cents per share, in the year-ago period. Adjusted earnings per share came in at 41 cents, ahead of the factset consensus of 39 cents.
Revenue climbed 13 percent to $6.225 billion, also ahead of the factset consensus of $6.085 billion.
“Looking into 2022, the combination of a projected steady recovery in demand, an increasingly tight supply market and supportive oil prices make industry macro fundamentals very supportive,” Chief Executive Olivier Le Peuch said in a statement. “We believe this will result in a significant increase in investment in the industry, accompanied by double-digit growth in the international and North American markets.”
At the end of trading, Schlumberger shares, listed on the NYSE, fell 1.86 percent to $36.36.
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