$SLB (Schlumberger Limited)

$SLB {{ '2016-04-22T13:27:48+0000' | timeago}} • Webcast

$SLB said in connection with the closing of the Cameron transaction, the company assumed gross debt was a carrying value of $2.8Bil. During April 2016, the company repurchased approx. $1.2Bil of this debt. $SLB still expects pretax synergies to be approx. $300MM over the next 12 months and $600MM in the second year.

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

$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}} • Webcast

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}} • Webcast

$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.

$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

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