Schlumberger $525 million profits in 1Q 2018. " Ha ha 70 million BHGE "

Schlumberger, one of the world’s largest oilfield services providers, recorded an increase in its profit and revenues during the first quarter of 2018 when compared to the same period last year.

Namely, the company on Friday posted revenues of $7.8 billion for the first quarter of 2018, an 14% increase compared to $6.9 billion in the same period of last year.

Furthermore, net income attributable to Schlumberger was $525 million in 1Q 2018 compared to $279 million in the year-before period, which is an increase of 88%.

BHGE HA HA 70 million!!

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You think profit is everything? Look at the dangerous gearing levels of Schlumberger vs BHGE. The liquidity of BHGE is also much better than Schlumberger. Looks like most of you aren’t from finance.

BHGE posted a quarterly loss of $41 million, not a profit of $70 million. Are you a manager at Stoneywood?

BHGE is Just a terrible company these days failing in every way .

2% is shocking with a 12% service industry increase let's see what the rest of the year brings as the service industry will not continue to increase at this rate and schlumberger and weatherford are getting the vast majority of work anyway.

BHGE will be lucky to not go back to losing money.

Tax benefit or tax evasion. They set up a shell company and sell equipment to this entity which then leases said equipment back thus reducing tax liability.

Shabby results from a failing poorly run company.

Some of the 70 million profit are coming from tax benefit. Dont know what that mean.

This what happens when baker put clowns who don’t know what they’re doing in management

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Schlumberger $525 million profits in 1Q 2018. " Ha ha 70 million BHGE "

7 replies (most recent on top)

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