SLB rises on upbeat Q4 profit

Sport Lisboa e Benfica Futebol SAD

20/01/2023 12:32

** Shares of oilfield services firm SLB NV  SLB.N  climb
1.5% to $58.26 in premarket trade
    ** SLB posts Q4 profit of $0.71/shr, beats average analysts'
estimate of $0.68/shr - Refinitiv IBES
    ** SLB's profit rose in the fourth quarter, driven by strong
demand for drilling services and equipment from operators as oil
and gas prices remained elevated amid tight supplies 
    ** Co had benefited from increased oil drilling and
production activity in North America last year. The top oilfield
services firm said revenue from North America rose 27% to $1.63
billion in the reported quarter 
    ** World's largest oilfield firm also raised its dividend by
43% to $0.25/shr
    ** SLB had gained ~49% in the last quarter of 2022
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))