Tuesday, January 22, 2013

Schlumberger Releases Fourth Quarter and Full Year 2012 Results

Schlumberger (NYSE:SLB) today reported full year 2012 revenue of $42.15 billion versus $36.96 billion in 2011.

Full year 2012 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $5.58 billion, representing diluted earnings per share of $4.17 versus $3.61 in 2011.

Fourth Quarter Results

Fourth-quarter 2012 revenue was $11.17 billion versus $10.61 billion in the third quarter of 2012, and $10.30 billion in the fourth quarter of 2011.

Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion, which was flat sequentially, and represents a 3% decrease year on year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $1.08, the same as in the previous quarter, and $1.10 in the fourth quarter of 2011.

Schlumberger recorded charges of $0.06 per share in the fourth quarter of 2012 versus $0.02 per share in the previous quarter, and $0.06 per share in the fourth quarter of 2011.

Oilfield Services revenue of $11.17 billion increased 5% sequentially and 8% year on year. Oilfield Services pretax operating income of $2.2 billion increased 1% sequentially and was flat year on year.

Read the entire Schlumberger earnings report


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