Schlumberger Profit Rises 9.26% in ’84 to $1.18 Billion

Schlumberger Ltd., the world’s largest supplier of oil drilling services, said its profit rose 9.26% in 1984, including a 20% increase in the fourth quarter, amid increasing sales of equipment for oil drilling rigs in North America and stronger results from its semiconductor and other computer-related business.

For the full year, Schlumberger’s profit rose to $1.18 billion in 1984 from $1.08 billion a year earlier, the company said. Revenue rose to $6.37 billion in 1984 from $5.8 billion a year earlier.

In the fourth quarter, the New York-based company had a profit of $311.1 million, compared to a profit of $260.3 million in the fourth quarter of 1983. Quarterly revenue rose to $1.7 billion from $1.5 billion a year earlier.

Chairman Jean Riboud said declining sales of oil field supplies outside of North America were offset by sales in North America as well as improved results at the company’s Fairchild Semiconductor and Computer Aided Systems divisions.