Schlumberger

Schlumberger Approaches Deadline on $1.7 Billion Russian Acquisition

September 24, 2015

Schlumberger waits for approval from Russia’s Federal Antimonopoly Service Oilfield service giant Schlumberger (ticker: SLB) is quickly approaching the most recent deadline for the acquisition of Russian oilfield service company Eurasia Drilling Company (ticker: EDC). The deal was originally announced in January, despite the increasingly strict sanctions from the West on Russia for its involvement in Crimea, and the fall

Not Your Granddaddy’s OFS Provider: Schlumberger and Cameron Are Primed to Change How it’s Done at the Wellhead

August 26, 2015

Schlumberger Creates “Pore to Pipeline” Business with $14.8 Billion Takeover of Cameron Intl. While Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) labor over the fine print of their proposed merger, their top oil service rival is making moves of its own. On August 26, 2015, Schlumberger (ticker: SLB) announced the $14.8 billion acquisition of Cameron International (ticker: CAM) in

Schlumberger Beats Q2 Consensus by 11% on Cost Efficiencies

July 17, 2015

Schlumberger announces EPS of $0.88 per share Oilfield services giant Schlumberger (ticker: SLB) released its second quarter results yesterday, beating expectations substantially despite lower revenues. SLB announced adjusted earnings per share (EPS) of $0.88 per share, beating the consensus of $0.79 per share by 11%. Schlumberger reported total revenue of $9.0 billion dollars for the quarter ended June 30, 2015,

Schlumberger Q1’15 Draws Praise from Analysts

April 21, 2015

Positive Reception in a Negative OilService Environment The effects of reduced drilling activity were apparent in Schlumberger’s (ticker: SLB) Q1’15 revenues, but the oilservice giant still managed to report net income (excluding charges and credits) of $1,358 million, or $1.06 per share, in the three months ended March 31, 2015. The net income for Q1’15 represented respective declines of 30%

Will the New Commodity Environment Boost E&P Interactions?

April 9, 2015

A Conversation with Schlumberger’s David Rabley The only guarantee of the oil and gas industry is its cyclicality. Although veterans of the industry are used to seeing swings on both the upward and downward sides, each cycle comes with a different level of uncertainty. That uncertainty is compounded in the aftermath of the United States shale boom. Bill Barrett, a

Schlumberger Announces Increases to Revenues, Dividends in Q4’14 Results

January 19, 2015

Schlumberger kicks off earnings season with increased revenue and dividends Schlumberger (ticker: SLB) released its fourth-quarter and full-year 2014 results on January 15, showing year-over-year revenue growth and announcing a 25% increase to dividends. The company said revenue growth was fueled largely by performance in North America where revenue grew 16%. The company’s Middle East & Asia operations increased by