July 20, 2018 / 11:07 AM / 3 months ago

Schlumberger posts quarterly profit on higher oilfield services demand

July 20 (Reuters) - Schlumberger Inc posted a quarterly profit on Friday, compared with a year-ago loss, as a recovery in crude oil prices spurred demand for its oilfield services in North America.

The world’s largest oilfield services company posted net income attributable of $430 million, or 31 cents per share, in the second quarter ended June 30, compared with a loss of $74 million, or 5 cents per share, a year earlier.

Revenue rose 11.3 percent to $8.30 billion. (Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

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