Schlumberger takes a dive with US$11B quarterly loss

OILFIELD service giant Schlumberger is reporting a US$11.4 billion hit in its quarterly off the back of declining shale drilling and lower profits.

Schlumberger takes a dive with US$11B quarterly loss Schlumberger takes a dive with US$11B quarterly loss Schlumberger takes a dive with US$11B quarterly loss Schlumberger takes a dive with US$11B quarterly loss Schlumberger takes a dive with US$11B quarterly loss

Not even a giant this size is immune from shale decline

The company had a worldwide revenue of US$8.5 billion. 
 
However the third quarter results reflect a US$12.
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