NEW YORK (Reuters) - Schlumberger Ltd , the world's largest oilfield services company, reported a drop in quarterly profit on Friday as the pace of drilling activity has slowed globally along with the collapse in oil and gas prices.
The company reported a net profit of $1.15 billion, or 95 cents per share, down from $1.38 billion, or $1.12 per share. Revenue rose to $6.87 billion from $6.25 billion.
Excluding charges and credits, the Houston-based company posted earnings of $1.24 billion, or $1.03 per share, slightly below analysts' forecasts for $1.04 per share on revenue of $6.84 billion, according to Reuters Estimates.
(Reporting by Matt Daily and Braden Reddall; Editing by Lisa Von Ahn)
