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Schlumberger NV (SLB)

SLB on New York Consolidated

73.45USD
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Schlumberger Says Looking At Monetizing SPM Assets - Conf Call
Friday, 20 Apr 2018 09:29am EDT 

April 20 (Reuters) - Schlumberger NV ::SAYS HIGH END PRODUCTS AND SERVICES WILL BECOME ATTRACTIVE IN COMING QUARTERS - CONF CALL.SAYS INVESTMENT LEVEL IN INTERNATIONAL MARKET NOT SUFFICIENT - CONF CALL.SCHLUMBERGER SAYS LOOKING AT MONETIZING SOME ASSETS DURING THE TURN OF 2018 - CONF CALL.SCHLUMBERGER SAYS LOOKING AT MONETIZING SPM ASSETS DURING TURN OF 2018 - CONF CALL.  Full Article

Schlumberger Says Global Oil Supply And Demand Are Now In Balance - Conf Call
Friday, 20 Apr 2018 09:02am EDT 

April 20 (Reuters) - Schlumberger NV ::SCHLUMBERGER SAYS ASIA Q1 REVENUE WAS DRIVEN BY THAILAND, INDIA, CHINA.SCHLUMBERGER SAYS GLOBAL OIL SUPPLY AND DEMAND ARE NOW IN BALANCE - CONF CALL.SCHLUMBERGER SAYS NORTH AMERICA AND GLOBAL E&P INVESTMENT STILL EXPECTED TO GROW 20 PERCENT AND 5 PERCENT RESPECTIVELY.SCHLUMBERGER SAYS SAYS HIGH END PRODUCTS AND SERVICES WILL BECOME ATTRACTIVE IN COMING QUARTERS.  Full Article

Schlumberger Posts Qtrly Earnings Per Share Of $0.38
Friday, 20 Apr 2018 07:22am EDT 

April 20 (Reuters) - Schlumberger NV ::QTRLY REVENUE OF $7.8 BILLION DECREASED 4 PCT SEQUENTIALLY.QTRLY EPS WAS $0.38.QTRLY PRETAX OPERATING MARGIN OF 12.4 PCT VERSUS 11.0 PCT REPORTED LAST YEAR.RESULTS IN Q1 LARGELY REFLECTED TRANSITORY FACTORS, WITH SEASONAL REDUCTIONS IN ACTIVITY IN THE NORTHERN HEMISPHERE, AMONG OTHERS.CAPEX, EXCLUDING MULTICLIENT AND SPM INVESTMENTS, FOR 2018 IS EXPECTED TO BE APPROXIMATELY $2 BILLION.ABSENCE OF GLOBAL STOCK BUILDS IN Q1, SUPPORTED BY OPEC & RUSSIA-LED PRODUCTION CUTS, CONFIRM THAT OIL MARKET IS IN BALANCE.QTRLY NORTH AMERICA AREA REVENUE INCREASED 1 PCT SEQUENTIALLY.PRODUCTION CHALLENGES IN U.S. SHALE ARE EMERGING THAT ARE LINKED TO INFILL DRILLING WELL-TO-WELL INTERFERENCE.PRODUCTION CHALLENGES IN U.S. SHALE EMERGING THAT ARE LINKED TO POTENTIAL LOWER PRODUCTION OF STEP-OUT DRILLING FROM TIER 1 ACREAGE.GROWTH IN NORTH AMERICA IN QUARTER DRIVEN BY RAMP-UP OF ACTIVITY IN CANADA AND HIGHER DRILLING GROUP ACTIVITY IN NORTH AMERICA, AMONG OTHERS.IT IS BECOMING INCREASINGLY LIKELY THAT OIL INDUSTRY WILL FACE GROWING SUPPLY CHALLENGES OVER COMING YEAR.Q1 SEQUENTIAL REVENUE DECLINE LED BY THE CAMERON GROUP, WHICH FELL 7 PCT, DRIVEN BY SEASONALLY LOWER PROJECT VOLUMES.Q1 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $7.81 BILLION -- THOMSON REUTERS I/B/E/S.SIGNIFICANT INCREASE IN GLOBAL E&P INVESTMENT WILL BE REQUIRED TO MINIMIZE IMPENDING DEFICIT IN OIL MARKET.  Full Article

Schlumberger says to fund 2018 activity growth without raising capex from 2017 levels
Friday, 19 Jan 2018 09:24am EST 

Jan 19 (Reuters) - Schlumberger Nv ::SCHLUMBERGER SAYS RETURN TO GROWTH IN INTERNATIONAL MARKET WILL REPRESENT "SIGNIFICANT BOOST TO OUR EARNINGS POWER" - CONF CALL.SCHLUMBERGER SAYS PLANS 2018 ACTIVITY GROWTH WITHOUT INCREASING CAPEX FROM THE $2 BILLION LEVELS SEEN IN 2016, 2017 - CONF CALL.SCHLUMBERGER TO DEPLOY ANOTHER 1 MILLION HORSEPOWER IN 2018, REACTIVATION COST EXPECTED TO BE AROUND $100 MILLION - CONF CALL.  Full Article

Schlumberger Q4 Earnings Per Share $0.48 Excluding Items
Friday, 19 Jan 2018 07:00am EST 

Jan 19 (Reuters) - Schlumberger NV ::ANNOUNCES FULL-YEAR AND FOURTH-QUARTER 2017 RESULTS.Q4 EARNINGS PER SHARE $0.48 EXCLUDING ITEMS.Q4 REVENUE $8.2 BILLION VERSUS I/B/E/S VIEW $8.16 BILLION.Q4 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.NV - FOURTH-QUARTER GAAP LOSS PER SHARE, INCLUDING CHARGES OF $2.11 PER SHARE, WAS $1.63.NV - ‍ CAPEX FOR FULL YEAR 2018 IS EXPECTED TO BE APPROXIMATELY $2 BILLION​.NV - FOURTH-QUARTER REVENUE INCREASE WAS LED BY PRODUCTION GROUP, WHICH GREW BY 7 PERCENT.NV - QTRLY PRETAX OPERATING MARGIN OF 14.1 PERCENT VERSUS 11.4 PERCENT LAST YEAR.NV - "LOOKING AT OIL MARKET, STRONG GROWTH IN DEMAND IS PROJECTED TO CONTINUE IN 2018, ON BACK OF A ROBUST GLOBAL ECONOMY".- IN NORTH AMERICA, 2018 SHALE OIL PRODUCTION IS SET FOR ANOTHER YEAR OF STRONG GROWTH.NV - QTRLY NORTH AMERICA REVENUE $2,811 MILLION VERSUS $1,765 MILLION.- "PRODUCTION BASE IN REST OF WORLD IS SHOWING FATIGUE AFTER THREE YEARS OF UNPRECEDENTED UNDERINVESTMENT".NV - ‍RECORDED A NET CHARGE OF $76 MILLION DURING Q4 OF 2017 AS IMPACT OF U.S. TAX REFORM​.- "UNDERLYING SIGNS OF WEAKNESS" WILL LIKELY BECOME MORE EVIDENT IN COMING YEAR IN REST OF THE WORLD.- "OIL MARKET IS NOW IN BALANCE AND PREVIOUS OVERSUPPLY DISCOUNT IS GRADUALLY BEING REPLACED BY A MARKET TIGHTNESS PREMIUM".NV - RECORDED ‍$3.041 BILLION OF PRETAX CHARGES DURING Q4 OF 2017​.NV - HAVE TAKEN DECISION TO EXIT MARINE AND LAND SEISMIC ACQUISITION MARKET.  Full Article

Weatherford International Says U.S. DoJ Has Cleared Proposed OneStim Joint Venture Between Weatherford And Schlumberger
Tuesday, 28 Nov 2017 05:59pm EST 

Nov 28 (Reuters) - Schlumberger NV ::WEATHERFORD INTERNATIONAL PLC - U.S. DEPARTMENT OF JUSTICE HAS CLEARED PROPOSED ONESTIM JOINT VENTURE BETWEEN WEATHERFORD AND SCHLUMBERGER LTD.  Full Article

Schlumberger files for potential mixed shelf offering size not disclosed
Friday, 27 Oct 2017 10:29am EDT 

Oct 27 (Reuters) - Schlumberger Nv :Schlumberger NV files for potential mixed shelf offering; size not disclosed - sec filing.  Full Article

Schlumberger on track to achieve cash flow generation target for the year - conf call
Friday, 20 Oct 2017 09:14am EDT 

Oct 20 (Reuters) - Schlumberger NV ::Schlumberger NV says remain on track to achieve cash flow generation target for the year - conf call.Schlumberger NV says current situation regarding global oil inventory is more positive than what is reflected by the industry - conf call.Schlumberger NV CEO says SPM won't alter co's core business, it will only compliment the core business - conf call.Schlumberger says there is still pricing pressure in new bids, but downward trend of pricing is slowing significantly in international markets - conf call.Schlumberger says in north america land, we do expect to grow, but i think the growth rate will slow - conf call.  Full Article

Schlumberger reports Q3 earnings per share of $0.42 excluding items
Friday, 20 Oct 2017 07:00am EDT 

Oct 20 (Reuters) - Schlumberger :Schlumberger announces third-quarter 2017 results.Q3 earnings per share $0.42 excluding items.Q3 revenue $7.9 billion versus I/B/E/S view $7.91 billion.Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Q3 GAAP earnings per share $0.39 including items.Schlumberger NV - qtrly pretax operating margin of 13.4‍​ percent versus 11.6 percent last year.Schlumberger NV - ‍activity growth in Q3 was "again led by our North America Land GeoMarket​".Schlumberger NV - ‍in US Gulf of Mexico, activity continued to weaken in Q3, and outlook remains bleak for this region based on current customer plans​.Schlumberger NV - capex (excluding multiclient and SPM investments) is expected to be $2.1 billion for 2017‍​.Schlumberger NV - ‍reduction in global oil inventories in Q3 showing oil market now in "balance".Schlumberger NV - ‍geographically, qtrly North America revenue increased as co continued high redeployment rate of spare hydraulic fracturing capacity​.Schlumberger NV - ‍investment appetite in North America Land now seems to be "moderating".Schlumberger - see number of market factors, data points now emerging that make co increasingly positive, optimistic about outlook for co's global business.Schlumberger - ‍comments from several OPEC countries & Russia suggest an extension of production cuts beyond current 9-month agreement is a possibility​.  Full Article

Cenovus reaches agreement to sell Palliser assets for $1.3 bln
Thursday, 19 Oct 2017 06:00am EDT 

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.  Full Article

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