North American Recovery Drives Schlumberger Revenue Growth
Year-over-year revenue growth returns Schlumberger (ticker: SLB) announced first quarter earnings today, reporting net earnings of $297 million, or $0.20 per share. Total revenue was $6.89 billion, up from the $6.52 billion earned in Q1 2016. This is the first year-over-year revenue growth the company has seen in the last two years. The resurgence of U.S. shale drilling has been