Schlumberger Limited Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Capex Guidance for the Year 2017
For the full year, the company reported revenue of USD 27,810 million compared to USD 35,475 million a year ago. Pretax operating income was USD 3,273 million compared to USD 6,510 million a year ago. Net loss was USD 1,687 million compared to net income of USD 2,072 million a year ago. GAAP Diluted loss per share was USD 1.24 compared to GAAP diluted earnings per share of USD 1.63 a year ago. Loss before taxes was USD 1,905 million compared to income before taxes of USD 2,881 million a year ago. Net loss attributable to the company was USD 1,687 million compared to net income attributable to the company of USD 2,072 million a year ago. Diluted loss per share was USD 1.24 compared to diluted earnings per share of USD 1.63 a year ago.
Capex is expected to be USD 2.2 billion for 2017.