Schlumberger’s results round off a mixed quarter from the world’s largest oilfield service providers
. While Baker Hughes warned that the demand outlook for the next 12 to 18 months is “deteriorating,” Halliburton Co predicted “multiple years” of increased activity.
Schlumberger said revenue for 2022 is expected to rise in the high-teens, which translates to at least $27 billion. The company posted a net income of $959 million, or 67 cents per share, for the three months ended June 30, compared with $431 million, or 30 cents per share, a year earlier.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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