Three of Russia's largest oilfield services companies report profit declines for the previous year, citing restricted technology access and high interest rates. SLB, Burservice, and Weatherford saw earnings fall between 19% and 81% amid sector pressures.
Three of Russia's four largest oilfield services companies reported a decline in profits for the previous year despite stable or growing revenue, citing limited technology access, reduced oil production, and high interest rates. SLB, Burservice, and Weatherford saw profit drops ranging from 19% to 81%.
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