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US oil giant exceeds expectations

US company Schlumberger, one of the largest suppliers to the oil industry, emerged better than expected from the fourth quarter.

Over the quarter, Schlumberger reached a profit before special items of USD 668 million – or USD 0.48 per share – which is an increase from USD 581 million in the same period the year prior.

In comparison, analysts had forecast a USD 0.44 profit per share, according to Bloomberg News.

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