$SLB (Schlumberger Limited)

$SLB {{ '2016-01-22T14:13:42+0000' | timeago}} • Webcast

During 4Q15, $SLB generated $2.2Bil of cash flow from operations, bringing the full year total to $8.8Bil. This was all despite making severance payments of about $800MM during 2015. In light of strong cash flow generation, the BoD has approved a new $10Bil share buyback program, which will be effective upon completion of current buyback program.

$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.

$SLB {{ '2017-04-21T12:29:49+0000' | timeago}} • Announcement

$SLB CEO Paal Kibsgaard said, "While our view of the fundamentals of supply and demand in the oil markets remains constructive, the continuing underinvestment in new supply is increasing the likelihood of a medium-term supply deficit as reservoirs are produced but reserves are not replaced in sufficient volume."

$SLB {{ '2017-04-21T12:24:50+0000' | timeago}} • Announcement

$SLB posted 6% increase in revenue to $6.89Bil in 1Q17, led by hydraulic fracturing and drilling services. However, higher costs, including Cameron integration charges, halved its net income to $279MM, or $0.20 per share, from $501MM, or $0.40 per share in the year-ago quarter. EPS, excluding Cameron integration charges, was $0.25.

$SLB {{ '2017-03-28T19:11:29+0000' | timeago}} • Announcement

$SLB opened a new purpose-built Production Technologies Center of Excellence. This is aimed at solving customers' global challenges related to oil and gas production chemistry, particularly those encountered in deepwater, heavy oil and other extreme environments.

$SLB {{ '2017-03-27T12:42:33+0000' | timeago}} • Announcement

$SLB and $WFT announced an agreement to create OneStim, a JV to deliver completions products and services for the development of unconventional resource plays in the U.S. and Canada land markets. The JV will offer one of the broadest multistage completions portfolios in the market combined with a largest hydraulic fracturing fleet in the industry.

$SLB {{ '2017-01-20T14:28:31+0000' | timeago}} • Webcast

$SLB said that it is currently engaged in discussions and negotiations with 20 countries about Schlumberger Production Management (SPM) opportunities.

$SLB {{ '2017-01-20T13:54:56+0000' | timeago}} • Webcast

$SLB said that 1Q17 will be a low for the Cameron Group in both revenue and margin due to the reduced backlog and the normal cyclical nature of the business. The company, however, expects the Cameron Group to grow continually from 2Q17.

$SLB {{ '2017-01-20T13:45:50+0000' | timeago}} • Webcast

During 2016, $SLB returned $3.4Bil of cash to shareholders through dividends and share buybacks. The company said that given the current situation and the level of payout ratio, the Board has decided to maintain the dividend at $0.50 per quarter for 2017.

$SLB {{ '2017-01-20T13:38:35+0000' | timeago}} • Webcast

$SLB recorded restructuring charges of $536MM in 4Q16. These charges largely relate to workforce reduction and facility closure cost, as the company continues to rationalize its support structure and reduce its facility footprint.

$SLB {{ '2017-01-20T13:31:28+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphics: Q4 and FY16 Highlights

$SLB {{ '2017-01-20T12:29:19+0000' | timeago}} • Announcement

$SLB's 4Q16 Drilling Group revenue was flat sequentially as continued strong directional drilling activity in North America land was offset by activity declines in Europe/CIS/Africa and Middle East & Asia. Additionally, Cameron Group revenue was also flat sequentially, with growth in OneSubsea and Surface Systems.

$SLB {{ '2017-01-20T12:28:01+0000' | timeago}} • Announcement

$SLB said that among the business segments, 4Q16 revenue increase was led by the Production Group, which grew 5% due to increased hydraulic fracturing activity in the Middle East and in North America land. Reservoir Characterization Group revenue rose 1% sequentially due to strong Testing & Process activity in Kuwait.

$SLB {{ '2017-01-20T12:20:26+0000' | timeago}} • Announcement

World's largest oilfield services company $SLB posted a narrowed 4Q16 loss vs. a year ago, driven by strong activity in the Middle East & North America. Net loss for the quarter was $204MM or $0.15 loss per share compared to a net loss of $0,016MM or $0.81 loss per share a year ago. Revenue plunged 8.22% to $7.10Bil. Adjusted EPS fell 58% to $0.27.

$SLB {{ '2017-01-05T12:53:18+0000' | timeago}} • Announcement

$SLB acquires specialty company Peak Well Systems. CEO at Peak Well Systems Nigel Avern said this acquisition is positive news for both the companies and for the industry in general.

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