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EARNINGS

February 10, 1988

Schlumberger's income hit $353 million for 1987, a turnaround from 1986 when the New York company lost $2.02 billion. Revenue was down 4.25% at $4.73 billion. Actions taken last year to scale down the company to a level commensurate with oil field activity helped improve results, the firm said, and in the past six months, the number of active drilling rigs rebounded from a steep slide in the first half of the year.

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