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Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

39.49USD
22 Jul 2019
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$0.78 (+2.01%)
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Latest Key Developments (Source: Significant Developments)

Schlumberger Says Number Of Projects Expected To Get FID Approval In 2019 Likely To Rise
Friday, 19 Jul 2019 

July 19 (Reuters) - Schlumberger NV ::QTRLY WORLDWIDE REVENUE OF $8.3 BILLION INCREASED 5% SEQUENTIALLY.QTRLY INTERNATIONAL REVENUE OF $5.5 BILLION INCREASED 8% SEQUENTIALLY.QTRLY PRETAX OPERATING MARGIN OF 11.7% VERSUS 13.2%.QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE WAS APPROVED.QTRLY DILUTED EPS, EXCLUDING CHARGES & CREDITS $0.35.QTRLY NORTH AMERICA AREA CONSOLIDATED REVENUE OF $2.8 BILLION WAS 2% HIGHER SEQUENTIALLY.Q2 EARNINGS PER SHARE VIEW $0.35, REVENUE VIEW $8.11 BILLION -- REFINITIV IBES DATA.QTRLY INTERNATIONAL RIG COUNTS INCREASED 6% SEQUENTIALLY AND 5% YEAR-OVER-YEAR..CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2019 IS EXPECTED TO BE APPROXIMATELY $1.5 TO $1.7 BILLION.DO NOT ANTICIPATE A CHANGE IN STRUCTURAL OIL DEMAND OUTLOOK FOR MID-TERM..MAINTAIN VIEW THAT INTERNATIONAL E&P INVESTMENT WILL GROW 7% TO 8% IN 2019.SPENDING IN NORTH AMERICA LAND IS TRACKING CO'S EXPECTATIONS OF A 10% DECLINE THIS YEAR.NUMBER OF NEW PROJECTS CO EXPECT TO GET FID APPROVAL IN 2019 LIKELY TO RISE AGAIN FOR 2019.SCHLUMBERGER - RISING INTERNATIONAL MARKET INVESTMENT & REDUCTION IN NORTH AMERICA LAND CAPEX REPRESENT A POSITIVE MARKET SHIFT FOR CO.  Full Article

Schlumberger Expects Oil Market Sentiments To Remain Balanced From Macro Perspective
Friday, 19 Jul 2019 

July 19 (Reuters) - Schlumberger NV ::REG-SCHLUMBERGER LIMITED SCHLUMBERGER ANNOUNCES SECOND-QUARTER 2019 RESULTS.QTRLY WORLDWIDE REVENUE OF $8.3 BILLION INCREASED 5% SEQUENTIALLY.QTRLY EPS WAS $0.35."FROM A MACRO PERSPECTIVE, WE EXPECT OIL MARKET SENTIMENTS TO REMAIN BALANCED".OIL DEMAND FORECAST FOR 2019 HAS BEEN REDUCED SLIGHTLY ON TRADE WAR FEARS AND CURRENT GLOBAL GEOPOLITICAL TENSIONS.ON SUPPLY SIDE, CONTINUE TO SEE U.S. SHALE OIL AS ONLY NEAR- TO MEDIUM-TERM SOURCE OF GLOBAL PRODUCTION GROWTH.ADDED OIL SUPPLY WILL BEGIN TO FALL IN 2020 & WILL CREATE RISK FOR FUTURE AS DECLINE RATES IN MANY BASINS BECOME INCREASINGLY CHALLENGE.MAINTAIN VIEW THAT INTERNATIONAL E&P INVESTMENT WILL GROW 7% TO 8% IN 2019.SPENDING IN NORTH AMERICA LAND IS TRACKING EXPECTATIONS OF A 10% DECLINE THIS YEAR.  Full Article

Lekoil Sees H2 Avg Production About 5,800 Bopd
Monday, 15 Jul 2019 

July 15 (Reuters) - Lekoil Ltd ::OPERATIONAL & TRADING UPDATE.H1 AVERAGE PRODUCTION WAS 5,822 BARRELS OF OIL PER DAY WITH 2,329 BOPD NET TO LEKOIL NIGERIA, COMPARED TO 2,042 BOPD FOR SAME PERIOD IN 2018.PRODUCTION RATES ARE EXPECTED TO REMAIN STEADY THROUGH 2019.H2 2019 AVERAGE PRODUCTION EXPECTED TO BE CIRCA 5,800 BOPD, WITH 2,324 BOPD NET TO LEKOIL NIGERIA.ONE LIFTING IS SCHEDULED FROM FSO AILSA CRAIG IN JULY OF CIRCA 350,000 BARRELS OF OIL.2019 COSTS, COMPRISING OF OPERATING EXPENSES AND GENERAL ADMINISTRATIVE COSTS IS EXPECTED TO BE IN LINE WITH CURRENT MARKET EXPECTATIONS.JOINT VENTURE PARTNERS REMAIN FOCUSED ON PHASE TWO OF OTAKIKPO FIELD DEVELOPMENT PLAN.  Full Article

Schlumberger Sells Fishing & Tubulars Businesses To WIS & Rhône Capital
Tuesday, 14 May 2019 

May 14 (Reuters) - Schlumberger NV ::WELLBORE INTEGRITY SOLUTIONS & RHÔNE CAPITAL TO ACQUIRE FISHING AND TUBULARS BUSINESSES AND ASSETS FROM SCHLUMBERGER.SCHLUMBERGER NV - TRANSACTION IS VALUED AT APPROXIMATELY $400 MILLION.SCHLUMBERGER NV - WELLBORE INTEGRITY SOLUTIONS TO ACQUIRE BUSINESSES AND ASSOCIATED ASSETS OF DRILCO, THOMAS TOOLS, AND FISHING & REMEDIAL SERVICES.SCHLUMBERGER NV - WELLBORE INTEGRITY SOLUTIONS TO ALSO ACQUIRE PART OF A MANUFACTURING FACILITY LOCATED ON RANKIN ROAD IN HOUSTON, TEXAS.  Full Article

Schlumberger Reports Q1 Earnings Per Share $0.30
Thursday, 18 Apr 2019 

April 18 (Reuters) - Schlumberger NV ::ANNOUNCES FIRST-QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.30.Q1 REVENUE $7.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.81 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.NV - QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE WAS APPROVED.NV - QTRLY PRETAX OPERATING MARGIN 11.5% VERSUS 12.4%.NV QTRLY REVENUE $ $7,879 MILLION VERSUS $7,829 MILLION REPORTED LAST YEAR.NV - QTRLY NORTH AMERICA AREA CONSOLIDATED REVENUE OF $2.7 BILLION WAS 3% LOWER SEQUENTIALLY.NV - FIRST-QUARTER REVENUE OF $7.9 BILLION DECLINED 4% SEQUENTIALLY, REFLECTING EXPECTED REDUCTION IN NORTH AMERICA LAND ACTIVITY.NV - CAPEX (EXCLUDING MULTICLIENT AND SPM INVESTMENTS) FOR FULL YEAR 2019 IS STILL EXPECTED TO BE APPROXIMATELY $1.5 TO $1.7 BILLION.NV QTRLY DILUTED EPS, EXCLUDING CHARGES & CREDITS $0.30.IN N. AMERICA, QTRLY REVENUE 3% LOWER SEQUENTIALLY, DRIVEN BY SOFTER PRICING & LOWER ACTIVITY FOR HYDRAULIC FRACTURING, DRILLING-RELATED BUSINESSES.NV SAYS "FROM A MACRO PERSPECTIVE, WE EXPECT OIL MARKET SENTIMENTS TO STEADILY IMPROVE OVER COURSE OF 2019".  Full Article

Schlumberger NV Says $873.5 Mln Aggregate Principal Amount Of 2025 Notes Was Tendered For Exchange In Early Participation Window
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Schlumberger NV ::SCHLUMBERGER HOLDINGS CORPORATION ANNOUNCES RESULTS OF EARLY TENDERS IN DEBT EXCHANGE OFFER, AN INCREASE IN AGGREGATE PRINCIPAL AMOUNT OF NEW NOTES DUE 2028 TO $1,500,000,000, AND THE WAIVER OF THE $500,000,000 PRINCIPAL CAP ON ITS 2025 NOTES.SCHLUMBERGER NV - TOTAL OF $873.5 MILLION AGGREGATE PRINCIPAL AMOUNT OF 2025 NOTES WAS TENDERED FOR EXCHANGE BY DEBT HOLDERS IN EARLY PARTICIPATION WINDOW.  Full Article

Schlumberger Says Expect U.S. Activity,Investment To Recover During H1 2019
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Schlumberger NV ::SCHLUMBERGER NV SE- EXPECT NORTH AMERICA REVENUE FROM OFFSHORE, LAND DRILLING TRENDING FLAT SEQUENTIALLY IN Q4.SCHLUMBERGER, ON Q4 SEQUENTIAL OUTLOOK, SAYS INTERNATIONAL REVENUE, EXCLUDING CAMERON, IS MORE OR LESS IN LINE WITH EXPECTATIONS.SCHLUMBERGER NV - SEQUENTIAL REDUCTION IN NORTH AMERICA REVENUE IN RANGE OF 15 PERCENT IN Q4.SCHLUMBERGER NV - FOR Q4 SEQUENTIALLY, IN N. AMERICA, SIGNIFICANTLY LARGER DROP IN HYDRAULIC FRACTURING ACTIVITY & PRICING, THAN PREVIOUSLY EXPECTED.SCHLUMBERGER NV - EXPECT U.S. ACTIVITY AND INVESTMENT TO RECOVER DURING THE FIRST HALF OF 2019.SCHLUMBERGER NV - "WHILE POTENTIAL TRADE WAR POSITIONING & NEGOTIATIONS CONTINUE BETWEEN U.S. & CHINA, WE HAVE YET TO SEE MAJOR IMPACT ON DEMAND OUTLOOK".SCHLUMBERGER - EXPECT U.S. ACTIVITY , INVESTMENT RECOVERY WILL LIKELY BE MEASURED INITIALLY; ACTIVITY SURGE EXPERIENCED IN H1 2018 UNLIKELY TO REPEAT.SCHLUMBERGER - EXPECTED RAMP-UP OF INTERNATIONAL INVESTMENT COULD BE SOMEWHAT MUTED IN Q1, BEFORE ACCELERATING IN SECOND HALF OF 2019.SCHLUMBERGER NV - "INVESTMENT AND ACTIVITY GROWTH IN RUSSIA AND THE MIDDLE EAST LOOKS STRONG AND FIRM FOR 2019".SCHLUMBERGER - RECENT RISE IN OIL PRICE VOLATILITY, REDUCTION IN VISIBILITY TO LIKELY MEAN CUSTOMERS TO TAKE MORE CONSERVATIVE APPROACH TO 2019 START.SCHLUMBERGER - CONTINUE TO SEE WEAKENING OF HYDRAULIC FRACTURING MARKET AS TEMPORARY, WITH EXPECTATION OF A GRADUAL RECOVERY TAKING PLACE OVER H1 2019.  Full Article

Shearwater To Acquire Schlumberger Marine Seismic Acquisition Business
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Schlumberger NV ::SHEARWATER TO ACQUIRE SCHLUMBERGER MARINE SEISMIC ACQUISITION BUSINESS.TO RECEIVE CASH CONSIDERATION BASED ON ENTERPRISE VALUE OF $600 MILLION PLUS 15% POST-CLOSING EQUITY INTEREST IN SHEARWATER GEOSERVICES HOLDING.WILL HAVE OPTION TO UTILIZE TWO VESSELS FROM SHEARWATER ON POTENTIAL MULTICLIENT WORK FOR FIRST TWO YEARS AFTER CLOSING TRANSACTION.PARTIES EXPECT TO CLOSE TRANSACTION IN Q4 OF 2018.TRANSACTION INCLUDES MARINE SEISMIC VESSELS, PROPRIETARY ACQUISITION TECHNOLOGY AND FACILITIES.ADDITIONAL $50 MILLION OF CASH WILL BE INJECTED IN SHEARWATER FOR WORKING CAPITAL PURPOSES, TOTAL CASH FUNDING REQUIREMENT FOR TRANSACTION TO $650 MILLION.$600 MILLION IN CASH CONSIDERATION,$50 MILLION FOR WORKING CAPITAL PURPOSES TO BE FUNDED BY $325 MILLION IN NEW CASH EQUITY,$325 MILLION IN DEBT FINANCING.  Full Article

Schlumberger Sees Double-Digit Growth In International Business in 2019 - Conf Call
Friday, 20 Jul 2018 

July 20 (Reuters) - Schlumberger NV ::SAYS EFFECTIVE TAX RATE WILL RISE NEXT QUARTER AND OVER THE REMAINDER OF THE YEAR - CONF CALL.SAYS MULTI-SCALING AND REMOTE OPERATIONS WILL ALLOW CO TO REDUCE OVERALL HEADCOUNT ON THE RIG SIDE BY UP TO 35%.- CONF CALL.SAYS WILL MOBILIZE A TOTAL OF 90 LAND RIGS IN 2018 - CONF CALL.SAYS "STARTED TO ENGAGE IN PRICING DISCUSSIONS WITH MANY OF OUR CUSTOMERS" - CONF CALL.SEES EPS GROWTH OF 10 PERCENT TO 15 PERCENT SEQUENTIALLY IN Q3 - CONF CALL.SAYS ONGOING MOBILIZATION OF ALL SERVICES NEEDED FOR NEW DRILLING PROJECTS WILL LEAVE CO WITH NO SPARE CAPACITY BY 2018 END - CONF CALL.SAYS GROWTH IN INTERNATIONAL NEXT YEAR WILL BE DOUBLE DIGIT- CONF CALL.SAYS YET TO SEE ANY REAL IMPACT ON ACTIVITY GROWTH OR PRICING FROM PERMIAN CONSTRAINTS - CONF CALL.SAYS SEVERAL ASSETS HAVE GENERATED A VALUE THAT CO WILL BE ABLE TO SELL- CONF CALL.SAYS "THIS IS WHAT WE WANT TO DO IN THE NEXT 12 TO 18 MONTHS ONCE WE REALLY START REACHING PEAK VALUATION ON THEM" - CONF CALL.SAYS GROWTH IN DEEPWATER WILL CONTINUE AND ACCELERATE GOING INTO 2019 - CONF CALL.SAYS ONGOING PRICING DISCUSSIONS WILL IMPACT RESULTS IN FIRST HALF OF 2019 - CONF CALL.  Full Article

Schlumberger - CEO Paal Kibsgaard's Total Compensation For 2017 Was $20.8 Mln
Friday, 2 Mar 2018 

March 2 (Reuters) - Schlumberger Nv ::SCHLUMBERGER SAYS CFO SIMON AYAT'S 2017 TOTAL COMPENSATION WAS $8.5 MILLION VERSUS $6.5 MILLION IN 2016.SCHLUMBERGER - CEO PAAL KIBSGAARD'S TOTAL COMPENSATION FOR 2017 WAS $20.8 MILLION VERSUS $18.6 MILLION IN 2016 - SEC FILING.  Full Article

UPDATE 6-Halliburton profit exceeds analysts estimates as costs cut; shares rise

July 22 Halliburton Co on Monday reported a second-quarter profit that beat analysts' estimates as its largest oil-well services unit exceeded expectations, sending shares to their biggest one-day gain in nearly three years.