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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

76.96USD
24 Mar 2017
Change (% chg)

$-0.71 (-0.91%)
Prev Close
$77.67
Open
$77.76
Day's High
$77.94
Day's Low
$76.77
Volume
2,785,883
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1,849,988
52-wk High
$87.83
52-wk Low
$71.34

Latest Key Developments (Source: Significant Developments)

Weatherford and Schlumberger to form OneStim joint venture
Friday, 24 Mar 2017 04:45pm EDT 

Weatherford International Plc : Weatherford and Schlumberger to form OneStim joint venture . Weatherford International Plc - Schlumberger and Weatherford will have 70/30 ownership of joint venture, respectively . Weatherford International Plc - Schlumberger will manage joint venture and consolidate it for financial reporting purposes .Weatherford International Plc says Weatherford will receive a one-time $535 million cash payment from Schlumberger.  Full Article

Onesubsea awarded contract by BP
Tuesday, 21 Mar 2017 03:43am EDT 

Schlumberger - : Onesubsea announced award by BP of an engineering, procurement and construction (EPC) contract Further company coverage: [BP.L] [SLB.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

EVTN signs purchase agreement with Schlumberger
Wednesday, 15 Mar 2017 09:58am EDT 

Enviro Voraxial Technology Inc : Signs purchase agreement with Schlumberger . Under agreement, co to sell intellectual property, substantially of Voraxial Separator patents, trademarks to Schlumberger . Co will receive certain manufacturing rights to manufacture Voraxial Separator for Schlumberger for period of 3 years .Agreement is expected to be completed within next 3 months.  Full Article

Schlumberger NV says CEO Paal Kibsgaard 2016 compensation was $18.6 mln
Tuesday, 21 Feb 2017 01:17pm EST 

Schlumberger Nv : Schlumberger NV says CFO Simon Ayat 2016 total compensation was $6.55 million versus $6.65 million in 2015 .Schlumberger NV - CEO Paal Kibsgaard 2016 compensation $18.6 million versus $18.3 million in 2015 - sec filing.  Full Article

Schlumberger says all markets have now reached the bottom
Friday, 20 Jan 2017 09:40am EST 

Schlumberger Nv - : Expects cameron margins to start improving sequentially from Q1 to Q2 - conf call . Says all markets have now reached bottom; excluding seasonal slowdown in Q1, it should be up from here in basically all markets - conf call Further company coverage: [SLB.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Schlumberger says don't expect "dramatic, short-term recovery" in international markets
Friday, 20 Jan 2017 09:39am EST 

Schlumberger Nv - : CEO says don't expect "a dramatic, short-term recovery" in international markets - conf call . CEO says sees floor in activity in Sub-Saharan Africa, expects recovery process to start in the coming quarters - conf call . CEO says in offshore, unsustainable business environment will either lead to recovering service pricing or narrowing of service offering . CEO says expect to see growth in global oil stocks accelerate towards Q1-end- conf call Further company coverage: [SLB.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Schlumberger sees oil prices fluctuating at current levels for next several months
Friday, 20 Jan 2017 09:38am EST 

Schlumberger Nv - : Says continue to experience payment delays from some customers - conf call . CEO says "business environment is becoming unsustainable for us" - conf call . CEO says activity is Asia seem to have bottomed out and expect a slow recovery to start in the coming quarter - conf call . CEO says over the next several months, oil prices are expected to fluctuate around current levels - conf call . Says first quarter will be a low for the Cameron Group in both revenue and margin partly due to reduced backlog - conf call Further company coverage: [SLB.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Schlumberger NV Q4 EPS $0.27 excluding charges
Friday, 20 Jan 2017 07:00am EST 

Schlumberger NV : Schlumberger NV - fourth-quarter earnings per share, excluding charges was $0.27 . Q4 revenue $7.11 billion . Schlumberger NV - fourth-quarter gaap loss per share, including charges of $0.42 per share, was $0.15 . Q4 earnings per share view $0.27, revenue view $7.07 billion -- Thomson Reuters I/B/E/S . Capex (excluding multiclient and spm investments) is expected to be $2.2 billion for 2017 . Schlumberger - qtrly pretax operating margin 11.4 pct versus 16.6 pct last year . Schlumberger - Q4 sequential revenue growth of 1 pct was driven by strong activity in the Middle East and North America . Schlumberger - "we are making further adjustments to our global support structure and facilities footprint to align our resources to the shape of the recovery" . Schlumberger - maintain constructive view of oil markets, as tightening of supply and demand balance continued in Q4, as seen by steady draw in OECD stocks . Schlumberger NV - recorded $536 million in restructuring charges in Q4 . Schlumberger - recorded $139 million of pretax charges relating to the Cameron acquisition and a currency devaluation loss in Egypt in Q4 .Schlumberger NV - expect the 2017 recovery in the international markets to start off "more slowly".  Full Article

Ophir says Golar and Schlumberger's unit sign agreement to develop Fortuna project
Thursday, 10 Nov 2016 03:01am EST 

Ophir Energy Plc : Ophir - wholly owned subsidiary , OneLNG SM, A jv between subsidiaries of Golar and Schlumberger, have signed a binding agreement to develop Fortuna Project . Fid is now expected to take place in 1h 2017 with first gas anticipated in 1h 2020 . Initial offtake expected 2.2-2.5 mtpa for a duration of between 15 and 20 years which will monetise around 2.6 tcf of discovered resource .Expected total capital expenditure for integrated project is approximately $2 billion to reach first gas.  Full Article

Accenture says Schlumberger expands Accenture finance and accounting business process outsourcing agreement to 2021
Thursday, 27 Oct 2016 07:57am EDT 

Accenture Plc : Schlumberger expands Accenture finance and accounting business process outsourcing agreement to 2021 .Says expanded five-year agreement to provide Schlumberger with finance and accounting (F&A) BPO services through 2021.  Full Article

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Schlumberger, Weatherford to form joint venture

Schlumberger NV said on Friday it would form a joint venture with Weatherford International Plc to deliver oilfield products and services for unconventional resource plays in the United States and Canada.