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Schlumberger Profit Falls 30% on Weak Oil Prices

2015-07-17 02:21:18| Oil & Gas - Topix.net

Schlumberger Ltd.'s second-quarter earnings fell 30% on plunging revenue, as the oil-services sector continues to grapple with weak oil prices. Schlumberger reported a profit of $1.12 billion, or 88 cents a share, down from $1.6 billion, or $1.21 a share, a year earlier.

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