Schlumberger profit rises as oilfield activity returns

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(Reuters) – Schlumberger NV (NYSE:SLB) reported a rise in second-quarter net income on Friday, as a rebound in crude prices revived demand for the company’s oilfield services and related equipment.

The world’s largest oilfield services provider said net income was $431 million, or 30 cents per share, for the three months June 30, compared with $299 million, or 21 cents per share, in the first quarter.