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0 0.001969611705121 0.000562746201463228 -0.000281373100731514 0.00168823860438948 -0.00323579065841291 -0.00168823860438928 0.000281373100731714
Stock impact report

Oilfield firm SLB's profit rises on international drilling demand [Yahoo! Finance]

ChampionX Corporation (CHX) 
Company Research Source: Yahoo! Finance
oil and gas drilling demand in the Middle East and Africa helped offset weakness in North American activity. The company, which also reaffirmed its previous guidance of mid-teens profit growth for the full year, forecast a seasonal rebound in activity in the Northern Hemisphere in the second quarter, along with robust activity internationally. A growing demand outlook will push operators to increase their investments in production and reservoir recovery to boost efficiency and life of their producing assets, CEO Olivier Le Peuch said. Revenue from SLB's international segment rose by 18% to $7.06 billion, compared with $5.99 billion in the year-ago quarter. The North American segment's revenue declined 6% to $1.6 billion, falling short of analysts' estimates of $1.65 billion, according to LSEG data. Sequentially, revenue declined 3% both in North America and in international markets due to seasonality. Shares of SLB, formerly known as Schlumberger, were down 1.6% at $50.15 Show less Read more
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