July 18 (Reuters) - Top oilfield services company SLB
reported a lower profit for the second quarter on
Friday, as weaker drilling activity in Saudi Arabia and Latin
America dragged its international business.
SLB, the first of the Big Three U.S. oilfield services
provider to report quarterly results, had flagged weaker
drilling activity in Saudi Arabia and Latin America, with rigs
demobilized and short-cycle work slowing.
The pullback came as oil prices softened in second-quarter,
after OPEC+ began unwinding 2.17 million barrels per day of
voluntary cuts.
SLB said international revenue declined more than 8% in the
quarter to $6.85 billion, from $7.45 billion a year ago.
The firm's total revenue fell 6% to $8.55 billion.
SLB, formerly known as Schlumberger ( SLB ), said net attributable
income to company, stood at $1.01 billion, or 74 cents per
share, for the three months ended June 30, compared with $1.11
billion, or 77 cents per share, a year earlier.
(Reporting by Arunima Kumar and Vallari Srivastava in
Bengaluru; Editing by Sriraj Kalluvila)