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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

62.83USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Schlumberger Qtrly GAAP EPS $0.31
Friday, 20 Jul 2018 

July 20 (Reuters) - Schlumberger NV ::SCHLUMBERGER ANNOUNCES SECOND-QUARTER 2018 RESULTS.QTRLY REVENUE OF $8.3 BILLION INCREASED 6% SEQUENTIALLY.SECOND-QUARTER GAAP EPS, INCLUDING CHARGES OF $0.12 PER SHARE, WAS $0.31.QTRLY SECOND-QUARTER GAAP EPS, INCLUDING CHARGES OF $0.12 PER SHARE, WAS $0.31.SECOND-QUARTER EPS, EXCLUDING CHARGES, WAS $0.43.QTRLY PRETAX OPERATING MARGIN OF 13.2 PERCENT VERSUS 12.7 PERCENT.IN NORTH AMERICA, EXCLUDING CAMERON, Q2 REVENUE OF $2.5 BILLION UP 12% SEQUENTIALLY.CERTAIN ASSOCIATED COSTS TOGETHER WITH SOME OPERATIONAL DELAYS IMPACTED SECOND-QUARTER PRETAX OPERATING MARGINS.SCHLUMBERGER-MARKET FUNDAMENTALS CONTINUE TO EVOLVE FAVORABLY FOR INTERNATIONAL BUSINESS AS GLOBAL BALANCE OF CRUDE OIL SUPPLY & DEMAND TIGHTENS FURTHER."PRICING IMPROVED IN INTERNATIONAL MARKETS DURING Q2, AND WHILE NUMBERS ARE NOT YET MATERIAL, A TREND HAS BEEN ESTABLISHED".SCHLUMBERGER - GLOBAL GDP GROWTH REMAINS STRONG, WITH ANY IMPACT OF HEADWINDS FROM US-CHINA TRADE DISPUTE LIKELY TO BECOME CLEARER IN NEXT FEW QTRS.SCHLUMBERGER SAYS "EXPECT A FURTHER STRENGTHENING OF INTERNATIONAL PRICING RECOVERY".DESPITE OPEC'S RECENT DECISION TO INCREASE PRODUCTION, GLOBAL SUPPLY BASE CONTINUES TO WEAKEN.IN NORTH AMERICA, LACK OF ADDITIONAL PIPELINE CAPACITY IN PERMIAN BASIN IS BECOMING AN INCREASING CONSTRAINT TO PRODUCTION GROWTH.SCHLUMBERGER - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FY 2018 IS EXPECTED TO BE ABOUT $2 BILLION.  Full Article

Borr Drilling eyes several projects with Schlumberger-CEO
Thursday, 31 May 2018 

May 31 (Reuters) - Borr Drilling Ltd Chief Executive Svend Anton Maier told a conference call with analysts on Thursday: :BORR DRILLING IS LOOKING AT SEVERAL LONGER-TERM PROJECTS TO PROVIDE INTEGRATED DRILLING SERVICES WITH SCHLUMBERGER <<>>, ITS LARGEST SHAREHOLDER.SAYS THOSE ARE THE LARGER PROJECTS THAN THE COMPANY CURRENTLY HAS, AND REQUIRES MORE PLANNING.SAYS SEES INCREASE IN INTEREST FOR SERVICES THE COMPANY CAN PROVIDE WITH SCHLUMBERGER.BORR DRILLING FOUNDED AND MANAGED BY FORMER SEADRILL <<>> EXECUTIVES IN 2016 FOCUSES ON JACK-UP RIGS DRILLING FOR OIL AND GAS DEPOSITS IN SHALLOW WATERS.SCHLUMBERGER HOLDS 14.4 PCT IN OSLO-LISTED BORR DRILLING .  Full Article

Ophir Energy Says Disappointed In Dissolution Of OneLNG Joint Venture With Schlumberger
Thursday, 31 May 2018 

May 31 (Reuters) - Ophir Energy Plc ::NOTE ANNOUNCEMENT BY GOLAR LNG PARTNERS' REGARDING DISSOLUTION OF ITS ONELNG JOINT VENTURE WITH SCHLUMBERGER.GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT.DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP.OPHIR HAS ALREADY HELD INFORMAL DISCUSSIONS WITH OTHER POTENTIAL PARTNERS FOR FORTUNA PROJECT.FOLLOWING ANNOUNCEMENT RE. ONELNG, CO FORMALISED DISCUSSIONS AND ARE ACTIVELY MOVING FORWARD WITH THEM..  Full Article

Schlumberger Says Looking At Monetizing SPM Assets - Conf Call
Friday, 20 Apr 2018 

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 

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 

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 

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 

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
Wednesday, 29 Nov 2017 

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 

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

Schlumberger appoints shale innovator Mark Papa to board

HOUSTON, Aug 6 Oilfield services company Schlumberger NV has appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing on Monday with the U.S. Securities and Exchange Commission.