Schlumberger Limited (NYSE: SLB), with principal offices in Paris, Houston, London and The Hague,  is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It operates in 85 countries and employs approximately 100,000. Schlumberger reported results for the second quarter of 2017 as follows:

Total corporate revenue: UP 8% from the previous quarter to $7,462 billion and UP 4% from the same period a year ago.

Pretax operating income: UP 25% from the previous quarter to $950 billion and UP 27% from the same period a year ago.

Pretax operating margin: UP to 12.7% compared to 11.0% the previous quarter and 10.4% during the same period a year ago.

Net income: a LOSS of $74 million compared to a PROFIT of $279 million in the previous quarter and a LOSS of  $2,160 billion during the same period a year ago.

Net income, excluding charges & credits: UP 41% from the previous quarter to $488 million and UP 54% from the same period a year ago.(Management believes that the exclusion of one time only charges & credits enables it to evaluate more effectively Schlumberger’s operations period over period and to identify operating trends that could otherwise be masked by the excluded items. These measures are also used by management as performance measures in determining certain incentive compensation.)

Diluted Earning per Share: a LOSS of $0.05/share compared to a PROFIT of $0.20/share in the previous quarter and a LOSS of $1.56/share in the same period a year ago.

Diluted Earning per Share excluding charges & credits: were UP 40% from the previous quarter to $0.35/share and UP 52% from the same period a year ago.