$SLB (Schlumberger Limited)

$SLB {{ '2016-02-09T20:50:12+0000' | timeago}} • SEC

On Jan. 21, 2016, the Board approved a new $10Bil share repurchase program for $SLB common stock. This new program will take effect once the remaining $1.4Bil authorized to be repurchased under the July 18, 2013 program is exhausted. Dividends paid during 2015 were $2.4Bil.

$SLB {{ '2017-10-20T13:14:34+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphic: Q3 2017 Highlights

$SLB {{ '2017-10-20T11:50:39+0000' | timeago}} • Announcement

Highlighting the stability of the region's oil market, $SLB’s North American revenues surged 53% to $2.6Bil in 3Q17, indicating that operations were unaffected by the hurricanes. Meanwhile revenues from Latin America dropped 4%. Revenues from Europe, CIS and Africa were down 2% compared to last year. Middle East & Asia registered 1% lower revenues.

$SLB {{ '2017-10-20T11:32:52+0000' | timeago}} • Announcement

$SLB, the world’s largest oilfield technology firm, reported strong revenue growth in 3Q17 as it expanded market share in key regions in North America. Meanwhile, activity remained flat in other markets. Supported by the 13% annual revenue growth, profit surged to $545MM or $0.39 per share. Adjusted earnings rose to $0.42, in line with estimates.

$MSFT {{ '2017-09-13T17:34:29+0000' | timeago}} • Announcement

$MSFT helps $SLB in digitizing their oil and gas drilling business. Schlumberger introduced the DrillPlan, its digital well construction planning solution, which will use Microsoft Azure and the Azure Stack hybrid cloud solution. Microsoft is currently working with Schlumberger on several other apps.

$SLB {{ '2017-08-24T14:26:53+0000' | timeago}} • Announcement

$SLB's subsidiary WesternGeco completed a acquisition survey using the newly deployed multipurpose vessel. The seismic survey was acquired offshore Sarawak, Malaysia, for Roc Oil.

$SLB {{ '2017-08-22T12:45:27+0000' | timeago}} • Announcement

Oil and gas technology firm $SLB has acquired Petro-SPM Integrated Services from Petrofac. After buying the remaining stake in Petro-SPM, Schlumberger now owns 100% of that company. The transaction was completed on August 15, 2017.

$SLB {{ '2017-07-21T15:34:50+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphics: Q2 2017 highlights

$SLB {{ '2017-07-21T14:48:04+0000' | timeago}} • Webcast

$SLB said it is on track to double its operating revenues in the next two years. In the next 12 months, the company plans investments worth $390MM in Argentina and $700MM in Nigeria. There are also plans to engage partners, through venture funds, for executing various projects, rather than depending solely on cash deals.

$SLB {{ '2017-07-21T14:12:45+0000' | timeago}} • Webcast

Oilfield services provider $SLB expects to record capital expenditure of about $2.2Bil in fiscal 2017. Schlumberger forecasts its US land activity will remain strong throughout the second half of the year. The cyclical nature of the oilfield services industry continues to be the biggest risk being faced by the company.

$SLB {{ '2017-07-21T12:06:35+0000' | timeago}} • Announcement

$SLB repurchased 5.5MM shares of its common stock in 2Q17, at an average price of $72.34 per share. The total purchase price is $398 MM. Schlumberger agreed to acquire a majority equity interest in Eurasia Drilling Company during the quarter. The company also approved a quarterly cash dividend of $0.50 per share on its common stock.

$SLB {{ '2017-07-21T12:04:19+0000' | timeago}} • Announcement

The drilling division of $SLB witnessed a 4% annual increase in revenues in 2Q17. Revenues of the production and reservoir characterization segments advanced 18% and 11% respectively, compared to last year. Meanwhile, the Cameron group’s revenues fell 17%.

$SLB {{ '2017-07-21T11:47:43+0000' | timeago}} • Announcement

$SLB reported a 27% annual growth in its North American revenues to $2.2Bil in 2Q17, which contributed significantly to the company’s overall topline growth. Revenues in Latin America rose 3%, while those in Europe, CIS and Africa declined 10%. There was a 2% drop in revenues in Middle East and Asia.

$SLB {{ '2017-07-21T11:38:38+0000' | timeago}} • Webcast

$SLB’s net loss narrowed sharply to $74MM in 2Q17, helped by lower impairment charges and an increase in revenues across the segments. The 4% YoY revenue growth was driven mainly by strong performance in North America, due mainly to deployment of idle hydraulic fracturing capacity.  Impairment and other charges fell to $510MM from $2.57BIl in 2Q16.

$SLB {{ '2017-06-20T12:54:04+0000' | timeago}} • Announcement

$SLB recommends stockholders reject mini-tender offer by TRC Capital (TRCC), as the offer price is at a price below the current market price for $SLB common stock. TRCC’s offer price of $65.63 per share is about 4.3% below the closing price of $SLB’s common stock on June 16, 2017, the last trading day before the commencement of TRCC's offer.

$SLB {{ '2017-04-21T14:03:47+0000' | timeago}} • Webcast

For 2Q17, $SLB expects solid top-line growth, driven by higher rig activity, and decent earnings growth in North America. The company sees flat underlying activity in International.

$SLB {{ '2017-04-21T13:54:51+0000' | timeago}} • Webcast

In terms of OneStim joint venture agreement, $SLB said it is preparing to close the JV as soon as possible. OneStim, which is a 70%/30% JV with $WFT, delivers completions products and services for the development of unconventional resource plays in land markets in the U.S. and Canada.The transaction is expected to close in 2H17.

$SLB {{ '2017-04-21T13:27:22+0000' | timeago}} • Webcast

On the Cameron acquisition, $SLB exceeded its first year synergy targets and has realized $400MM in synergies and secured $600MM in new orders. The company said the transaction is working well and the integration is going extremely well. In addition, Cameron's revenue and margin declined in 1Q17 mainly due to seasonality.

$SLB {{ '2017-04-21T12:40:04+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphics: Q1 2017 highlights

$SLB {{ '2017-04-21T12:36:23+0000' | timeago}} • Announcement

$SLB BoD approved a quarterly cash dividend of $0.50 per share of outstanding common stock, payable on July 14, 2017 to stockholders as on June 1, 2017.

$SLB {{ '2017-04-21T12:34:23+0000' | timeago}} • Announcement

Geographically, $SLB's revenue from North America improved 6% sequentially to $1.871Bil in 1Q17. While Latin America was flat at $952MM, other regions witnessed sequential declines.

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