Here is an overview of how the top 3 oilfield services companies performed in Q4 2020.
◼ Schlumberger:
Revenue – SLB reported a slight increase in its revenue at $5.53 Billion than Q3 2020. That is 5% increase sequentilly and 33% decrease year-on-year.
Profit – SLB returned to profitability in Q4 2020 compared to a net loss of $82 million in Q3 2020. SLB Q4 Profit came at $374 Million.
◼ Baker Hughes:
Revenue – BKR revenue for Q4 came at $5.49 Billion, up by 9% compared to Q3 2020.
Profit – the company saw an improvement in its profit for Q4 which came at $653 million compared to a net loss of $170 million in Q3 2020 and a $48 million profit in Q4 2019.
◼ Halliburton:
Revenue – HAL revenue for Q4 2020 was slightly up from Q3 2020 at $3.23 Billion.
Profit – HAL reported a net loss of $235 million. Worse than Q3 2020’s $17 Million loss.
