Schlumberger Ltd. is beginning to reap some benefits from more than 20,000 job cuts announced this year to weather the oil-price crash.

The world’s largest oilfield services provider earned 88 cents a share in the second quarter, beating the 79-cent average of 37 estimates compiled by Bloomberg. Profit margins at its international business, which generates about three-quarters of sales, climbed to 24.5 percent from 24 percent a year earlier.

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