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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

77.37USD
29 Sep 2016
Change (% chg)

$-0.64 (-0.82%)
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Latest Key Developments (Source: Significant Developments)

Schlumberger CEO Kibsgaard reports open market sale of 32,857 shares of co
Friday, 10 Jun 2016 10:40am EDT 

: Schlumberger NV CEO Paal Kibsgaard reports open market sale of 32,857 shares of co's common stock on 9 june at $80 per share - SEC filing Source (http://bit.ly/1tmHyVA) Further company coverage: [SLB.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Schlumberger appoints former BG, Statoil boss Helge Lund to board - WSJ
Thursday, 9 Jun 2016 10:49am EDT 

:Schlumberger appoints former BG, Statoil boss Helge Lund to board - WSJ.  Full Article

Schlumberger President reports open market sale of 9,128 shares of co
Wednesday, 8 Jun 2016 12:13pm EDT 

: Schlumberger NV President Patrick Schorn Reports Open Market Sale Of 9,128 Shares Of Co's Common Stock On June 7 At $80.27 Each - SEC filing Source (http://bit.ly/1rdanlh) Further company coverage: [SLB.N] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

Schlumberger acquires Omron Oilfield and Marine Inc
Thursday, 2 Jun 2016 09:11pm EDT 

Schlumberger NV : Schlumberger acquires Omron Oilfield And Marine Inc Further company coverage: [SLB.N] (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Golar LNG says Oscar Spieler to replace Gary Smith as CEO
Tuesday, 10 May 2016 09:16am EDT 

Golar Lng Ltd : Intends to seek additional capital to fund Golar Power, is engaged in talks with a private equity fund to jointly develop this company . Gary Smith is resigning from his position as chief executive;Oscar Spieler will be appointed to replace Gary as CEO . To explore development of a downstream LNG company comprising implementation of strategic LNG entry points in emerging markets .Board has engaged Krzysztof Zielicki to structure cooperation with Schlumberger.  Full Article

Schlumberger NV completes merger with Cameron International Corporation.
Friday, 1 Apr 2016 06:06pm EDT 

Schlumberger NV:Has closed its merger with Cameron International Corporation.As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash.  Full Article

Schlumberger NV announces quarterly cash dividend and approves new share repurchase program of $10 billion
Friday, 22 Jan 2016 02:00am EST 

Schlumberger NV:Says that on Jan. 21, the board approved the quarterly cash dividend of $0.50 per share of outstanding common stock, beginning with the dividend payable on April 8, to stockholders of record on Feb. 17.Says additionally, in view of the fact that the company's current $10-billion share repurchase program that commenced in the third quarter of 2013 is about to be completed, the Board also approved a new share repurchase program of $10 billion.  Full Article

Schlumberger NV announces issuance of senior notes
Thursday, 10 Dec 2015 10:15am EST 

Schlumberger NV:Announces issuance of senior notes.Says co, co's unit will issue five tranches of senior notes.Says net proceeds will be used to finance portion of consideration of acquisition of cameron international corp.  Full Article

Schlumberger NV to cut more jobs as drilling downturn bites - Reuters
Tuesday, 1 Dec 2015 02:16pm EST 

Schlumberger NV:Schlumberger announced another round of job cuts on Tuesday, adding to 20,000 already this year, as low oil prices and a slowdown in drilling was expected to continue into next year - RTRS.The layoffs, which will incur a pretax restructuring charge of about $350 million in the fourth quarter, are the latest sign of continued pain in the oil industry as oversupply continues to weigh on prices and cut profits for even the largest companies - RTRS.The size, location and timing of the cuts were unclear - RTRS.  Full Article

Schlumberger NV to cut more jobs, sees recovery pushed to 2017 - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

Schlumberger NV:Schlumberger Ltd said it would cut more jobs and consolidate its manufacturing and distribution network as it did not expect a recovery in demand before 2017 - Reuters.The company said it would take a charge to cover severance costs for additional headcount reductions in the fourth quarter - Reuters.The company, which has already cut 20,000 jobs, or about 15 percent of its workforce, did not say how many jobs it planned to cut in the next round - Reuters."If they are going make a reduction, it is going to be a sizeable reduction to lower the cost structure and given the expected decline, 10 percent is a reasonable number," Edward Jones analyst Rob Desai said - Reuters.Deep cost cuts helped the company marginally beat analysts' earnings estimate in the third quarter, although its net income halved from a year earlier - Reuters.  Full Article

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Oil market investment needed soon to balance market: Schlumberger CEO

DUBAI Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a conference in Dubai on Monday.