Schlumberger reported a 70% increase in earnings and a 40% increase in dividends

Schlumberger SLB $41.86 +2,47% Buy Baker Hughes BKR$32.64 -2,1% Buy Halliburton HAL$38 -1,63% Buy

Schlumberger's net profit in the first quarter of 2022 jumped by 70% compared to the same period in 2021 and amounted to $510 million, the company's press service reports.

EPS   rose 71% to $0.36, while quarterly revenue rose 14% to $5.95 billion. The board of directors of the oilfield service company also approved a 40% dividend increase to $0.175 per share. This is the first increase in the company's dividend payout since 2015.

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A measure of how much a company can pay out of its net income per share of common stock. Exists in several versions.