UPDATE: Schlumberger Posts Higher Q4 Profit
January 17, 2014 at 07:17 AM EST
Schlumberger (NYSE: SLB ) reported a 22% rise in its fourth-quarter net income. Schlumberger's quarterly profit surged to $1.66 billion, or $1.26 per share, from a year-ago profit of $1.36 billion, or $1.02 per share. Excluding one-time items, it earned $1.35 per share. Its revenue climbed 7.4% to $11.91 billion.
