Schlumberger Expects Slow International Recovery, Narrows Loss
SUGAR LAND--January 23, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Schlumberger Limited (NYSE:SLB) (Houston, Texas) on Friday reported a fourth-quarter 2016 net loss of $204 million, compared to a net loss of $1.02 billion in fourth-quarter 2015. The company expects a slow but steady recovery in oil markets throughout the world in 2017, led by North America and followed gradually by international markets. Industrial Info is tracking $5.35 billion of projects involving Schlumberger.
