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Schlumberger lifts revenue forecast as oilfield activity picks up
July 23, 2022
Source: Reuters

Schlumberger lifts revenue forecast as oilfield activity picks up

Schlumberger NV on Friday raised its annual revenue forecast after beating analysts' second-quarter earnings expectations, buoyed by higher demand for its oilfield services and equipment. The company has benefited from a boost in activity driven by stronger oil and gas prices. Global crude prices hovered above $100 per barrel last quarter, fueled by tight supplies following Western sanctions on Russia, a major producer, and as energy consumption returned to near pre-pandemic levels.

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