Schlumberger posts third straight quarterly loss as oil rout hits services demand
Oct 16 (Reuters) - Top oilfield services provider Schlumberger NV SLB.N on Friday posted its third straight quarterly loss as this year's prolonged slump in oil prices due to the COVID-19 pandemic compelled its major energy customers to shun drilling.
The company reported a net loss of $82 million, or 6 cents per share, for the third quarter ended Sept. 30.
Schlumberger reported a net loss of $11.38 billion, or $8.22 per share, a year earlier, due to impairment charges on some of the company's past investments.
(Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila)
((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest Markets Videos
- White House says Walmart, FedEx, UPS to work 24/7 to ease supply bottlenecks for holiday season
- Chinese online brokers Futu and UP Fintech face regulatory risks - People's Daily website
- September, Third Quarter 2021 Review and Outlook
- PRECIOUS-Gold eases as inflation data fans policy tightening bets