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Schlumberger third-quarter profit jumps 65%

Schlumberger third-quarter profit jumps 65%

Schlumberger third-quarter profit jumps 65% 150 150 admin

(Reuters) – Top oilfield services provider Schlumberger Ltd reported a 64.9% jump in third-quarter profit on Friday as a surge in oil prices encouraged drilling activity and boosted demand for its services.

Net income was $907 million, or 63 cents a share, in the three months ended Sept. 30, compared with $550 million, or 39 cents per share, a year ago.

(Reporting by Ruhi Soni in Bengaluru; Editing by Devika Syamnath)

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