Schlumberger reports 2019 loss.

International Resource News-January 20, 2020--Schlumberger reports 2019 loss

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International Resource News - 20 January 2020

Schlumberger, an oil-field service company, has reported a loss for 2019.

The company reported loss of USD10.1bn in 2019 as a result of write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.

The loss for 2019 was against revenue of USD32.9bn...

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