Schlumberger reports q4 rev of $8.2 bln, down 4% sequentially

Reg-schlumberger limited schlumberger announces full-year and fourth-quarter 2019 results.fourth-quarter revenue of $8.2 billion decreased 4% sequentially, with international revenue growth of 2%.fourth-quarter eps, excluding charges & credits, was $0.39.fourth-quarter gaap eps, including charges & credits, was $0.24.board approves quarterly cash dividend of $0.50 per share.q4 earnings per share view $0.37, revenue view $8.15 billion -- refinitiv ibes data.overall performance was positive-particularly in international markets in fy.qtrly pretax operating margin of 12.2% versus 11.8% reported last year.capex (excluding multiclient and aps investments) for full year 2020 is expected to be about $1.7 billion, same level as in 2019.qtrly north america area consolidated revenue of $2.5 billion was 14% lower sequentially.schlumberger - 2019 north american revenue fell sharply, driven largely by land market weakness affecting onestim pressure pumping business.q4 revenue in ecuador declined slightly versus q3 from production shut-ins caused by civil unrest that occurred at beginning of quarter.fy 2019 revenue for production and cameron contracted due to weakness in north america land market.schlumberger - cautiously optimistic that high-grading of portfolio will promote margin expansion, improvement of returns in n. america land market.
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