Schlumberger stated that net income, excluding charges and credits, reached $5.16 billion, representing diluted earnings per share (EPS) of $4.18 against $3.04 in 2006.

Fourth quarter revenue reached $6.25 billion versus $5.93 billion in the third quarter of 2007, and $5.35 billion in the fourth quarter of 2006. Net income for the fourth quarter reached $1.37 billion, an increase of 21% when compared to the same period in 2006. Diluted EPS were $1.11 versus $1.09 in the previous quarter, and $0.92 in the fourth quarter of 2006.

Oilfield services revenue increased 6% sequentially and 18% year-on-year to $5.44 billion. Pretax operating income increased 2% sequentially and 16% year-on-year to $1.54 billion.