Schlumberger announced after closing on Wall Street yesterday on an adjusted earnings per share of 65 cents in Q4 last year, down from $ 1.50 per share in the same period last year.
Revenue dwindled sharply into, ie from 12.64 to 7.74 billion dollars.
The company refers to a persistent decline in rig activity, project deferrals and -Cancellation and other problems originating in the lower oil prices.
FactSet-konsenus lay according to MarketWatch at 63 cents per share in earnings of revenues of 7.77 billion dollars in the quarter.
Oil services giant announced Q4, a provision of 530 million US dollars to expenses related to a workforce reduction of 10,000 people of a total workforce of 95,000.
The Board of Directors approved a share buyback program of own shares at 10 billion dollars.
– With less than 700 land rigs USA – 68 percent down from the peak in 2014, provides the massive overcapacity in the market for land services no signs of a recovery in prices in the short to medium term, says Chairman and CEO Paal Kibsgaard comments.
Schlumberger- shares rose 0.6 percent to $ 61.45 in regular trading on Wall Street Thursday, but gained new 3.8 percent to $ 63.35 in after the trade.
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