The gain from continuing operations attributable to Schlumberger, excluding charges and credits, amounted to 1.80 billion USD, an increase of 13% sequential and 17% YOY. From earnings per diluted share from continuing operations, excluding charges and credits, amounted to 1.37 against 1.21 USD in the previous quarter, and 1.15 USD in the second quarter of 2013.
Earnings from operations before income taxes for the second quarter reached 2.62 billion USD, an increase of 11% sequential and 15% YOY. Earnings from operations before income taxes for the International of 1.94 billion USD has increased 14% sequential, while operating income before taxes of 700 million USD in North America increased 3% sequential.
The second quarter pre-tax operating margin amounted to 21.7%, reflecting additional operating margins of 39% YOY. Earnings from operations before income taxes for the International amounted to 24.0% while the operating margin before taxes in North America amounted to 18.0%.
Paal Kibsgaard, president and CEO of Schlumberger, said in these terms: "the solid results of Schlumberger in the second quarter are stimulated by a significant increase in activities in the offshore time and markets key terrestrial. The growth has been the strongest international with the rebound of activities in a number of areas, but she was significantly greater in North America with a strong offshore activity and extremely substantial progress in the land area despite the debacle of the spring in the Canada. All areas and all groups have recorded growth supported by the robustness of our performance and the penetration of our new technology.
Geographic results were conducted by region Europe/CIS/Africa, Russia having recovered well effects of a harsh winter and the Norway benefited from an active seismic summer early. In the Middle East and Asia, the growth in the key markets of Saudi Arabia and of the Australia has been amplified by seismic activity and drilling geographical market * of the United Arab Emirates, and by the growth of the seismic operations in the Qatar. In North America, in double digit growth recorded in the terrestrial part of the United States in response to the increased number of the rigs, to gains in efficiency and improved market share has more than offset the effects of which proved be a spring meltdown fast to Canada, while the offshore work in the U.S. Gulf of the Mexico portion has bounced back with the resumption of drilling on oil platforms. Latin America has benefited from strong growth in Argentina, Colombia and the Venezuela but overall results have suffered the impact of activity reduced to Mexico, while the turnover of the geographic market of the Brazil remained unchanged in sequential.
Growth fueled by the technology was the highest for the products and services of the Group characterization of reservoirs with an increased demand for cable services due to the rebound of the activity of drilling in Russia and Norway, while the seismic activity has increased in the North Sea and the Middle East. The Group of drilling, M - I SWACO has found strong international activity in Russia, sub-Saharan Africa and Latin America. Drilling & measurements showed an improvement due to an increase in drilling in North America and Russia. Technologies of the Production Group increased in response to increased use of the pumping by pressing the share of the sector in the terrestrial part of the United States and the expansion of international sales Completions. New technologies sales remained strong through the groups and have achieved an increase in the price although price levels remained competitive as a whole.
Global economic conditions remain mixed as a whole, the recovery from the effects of an unusually cold winter in the United States, coupled with a previ.
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