Monday, June 16, 2025

Schlumberger CEO Discusses U.S. Shale Slowing, International Activity Growing

North American revenue down 12% sequentially Schlumberger (stock ticker: $SLB) kicked off the quarterly earnings season today, announcing net earnings of $538 million, or $0.39 per share. Schlumberger’s Q4 2018 results present a mixed comparison to its Q4 2017 results. At $8.2 billion, revenue is flat while operating income is down 16%. The company reported a loss last year, so

US Energy vs. Russia

U.S. Could Soon Pump More Crude Than Saudis Can at Their Peak

From Bloomberg America’s journey to preeminence in the global oil trade is about to hit another milestone. Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better. At the moment, Saudi Arabia could raise production all the

Gulfport Board Faulted, Share Buybacks Sought by Investor

From Bloomberg One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1 percent of Gulfport, also wants the company to implement a $500 million share buyback program, according to a