Schlumberger Limited shares prices outlook 2012

Schlumberger Limited shares prices outlook 2012 ; Schlumberger Limited (NYSE:SLB) reported higher profit for the fourth quarter as revenue showed growth. Net income for Schlumberger Limited rose to $1.41 billion ($1.05 per share) vs. $1.04 billion (76 cents per share) in the same quarter a year earlier. This marks a rise of 35.6% from the year earlier quarter. Revenue rose 21% to $10.97 billion from the year earlier quarter. SLB reported adjusted net income of $1.11 per share. By that measure, the company was about in line with expectations as the mean analyst estimate was $1.10 per share. Analysts were expecting revenue of $10.79 billion.

Schlumberger CEO Paal Kibsgaard commented, “Fourth-quarter results showed solid sequential growth driven by stronger activity both on land and offshore for most Technologies, and stronger product sales for completions, software and multiclient seismic. All Areas and Product Groups grew sequentially.”

Competitors to Watch: Halliburton Company (NYSE:HAL), Weatherford Intl. Ltd. (NYSE:WFT), Baker Hughes Incorporated (NYSE:BHI), National-Oilwell Varco, Inc. (NYSE:NOV), Allis-Chalmers Energy Inc. (NYSE:ALY), Complete Production Services, Inc. (NYSE:CPX), Petroleum Geo-Services ASA (PGSVY), TETRA Technologies, Inc. (NYSE:TTI), and Recon Technology, Ltd. (NASDAQ:RCON).For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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