ENERGY service giant Schlumberger said yesterday its second-quarter results showed strong growth worldwide.
The group, which has its principal offices in Paris, the Hague and Houston, reported revenue of £5.9billion for the three months to June 30, compared with £3.6billion a year earlier.
Income from continuing operations, excluding charges, was £723.4million in the latest period, a rise of 45%.
The results came after Schlumberger, which employs more than 110,000 people in about 80 countries, including a large presence in the north-east, said chairman and chief executive Andrew Gould would retire at the end of this month.
Mr Gould, who joined Schlumberger in 1975 and became executive chairman in February 2003, will continue to serve the board as chairman until the company’s annual meeting in April.
Chief operating officer Paal Kibsgaard takes over as CEO from August 1, with lead independent director Tony Isaac assuming the role of chairman from April.