January 19, 2018 / 12:12 PM / a year ago

Schlumberger posts bigger fourth-quarter loss on charges

Jan 19 (Reuters) - Oilfield services provider Schlumberger Ltd on Friday posted a bigger quarterly loss than a year earlier as the company took charges of $2.7 billion for restructuring and a handful of other impairments.

The company’s net loss widened to $2.26 billion, or $1.63 per share, in the fourth quarter ended Dec. 31, from $204 million, or 15 cents per share, a year earlier.

Excluding items, the company earned 48 cents per share.

Revenue rose 15 percent to $8.18 billion. (Reporting by Nivedita Bhattacharjee; Editing by Sriraj Kalluvila)

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