Investors Only -- Schlumberger Revenues Up a Whopping 58% -- Earnings "Beat" by Seven (7) Cents

Some datapoints:

• Earnings: $0.85/share
• Revenues rose 58% (to $9.07 billion from $8.7 billion)
• During the past quarter, SLB repurchased 6.1 million shares of its common stock
• Impact of deep water drilling moratorium in US Gulf of Mexico: about 5 cents/share
• Expectations: a "stronger" year coming up in 2011 for Schlumberger
• Current price of SLB: $85; SLB bought back 27 million shares for average price of $64
• Increases dividend 19% to 25 cents

I think estimates can be a source of manipulation (if that's the right word) among many players, but revenues are revenues.

Mexico just announces policy that will allow increased opportunities for Schlumberger in the Gulf of Mexico; on CNBC, no link yet.

Idle rambling (I probably shouldn't post this and will probably delete it later, if I remember):

CNBC says "Mexico needs to get its act together" and that "Mexico oil industry is being run by politicians." (January 21, 2011, 6:35 a.m.)

Okay, the US has a de facto moratorium on drilling in the Gulf put in by the administration. And CNBC says Mexico's oil industry is run by politicians and "needs to get its act together."

Am I missing something here? Yes, I know it's a stretch, but...