Friday, January 10, 2025

Schlumberger Leads Off Q3 Earnings Rush

Kibsgaard: Market is now in balance, look for upward movement in oil prices and growth in E&P investment  Earnings season is here for Q3, and the oil and gas industry got off to a strong start with Schlumberger (ticker: SLB) reporting today. Q3 Stats Revenue of $7.9 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 11% sequentially

Double-Digit Drop in U.S. Rig Count

U.S. rig count falls by 15 The number of rigs operating in the United States continued to decline in the week ended October 20, 2017, according to Baker Hughes. The company reported a total rig count of 913, down 15 from the previous week. All the rigs laid down this week were onshore with those offshore and drilling inland waters