Shares of Schlumberger (SLB), the world's largest oilfield services company, rose Fri. after it beat Q4 estimates on higher demand for offshore drilling, the 5th time in a row it's topped analyst views. EPS fell 2.7% to $1.08, topping by a penny. Sales grew 1.8% to $11.17 bil, well ahead of Wall Street's target of $10.82 bil. CEO Paal Kibsgaard said in a statement that land-based drilling in N. America slowed, but that was more than offset by higher activity in the Gulf of Mexico, Latin America, the Middle East and Asia. Shares rose 4.3% to 76.50.
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