Schlumberger NV

Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording $3.7 billion in impairment and restructuring charges as its major customers pulled back activity amid this year's oil price crash.

Oilfield services provider Schlumberger NV <SLB.N> expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch said at a energy conference on Tuesday.

Oilfield services provider Schlumberger NV expects a charge of up to $1.4 billion due to its ongoing restructuring and related layoffs, Chief Executive Officer Olivier Le Peuch said at a conference on Tuesday.

Schlumberger <SLB.N>, the world's largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year's historic decline in the oil industry, according to a memo to employees.

Schlumberger NV <SLB.N>, the world's largest oilfield services firm, on Friday reported a first-quarter loss due to $8.5 billion in charges, as customers accelerated spending cuts amid the continuing decline in oil prices.

Schlumberger NV said on Friday it recorded an $8.5 billion charge to earnings as the world's top oilfield services provider slashed the value of some of its units following the collapse of oil prices.

* HAS APPROVED SCHLUMBERGER LIMITED'S APPLICATION TO DELIST ALL OF ITS SECONDARY LISTED REGISTERED SHARES Source text: https://bit.ly/3aKKUHG Further company coverage: (Gdansk Newsroom)

Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.

Top oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.

Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year from last year's levels as the oil market has been roiled by the coronavirus outbreak and Saudi-Russia price war.

Schlumberger, the world's largest oilfield services company, on Tuesday said it would cut spending by 30% this year versus 2019 as oil prices collapse and it prepares for a downturn.

Growth in U.S. shale oil production will slow sharply over the next two years, the chief executive officer of U.S. oilfield services giant Schlumberger said on Tuesday.

Schlumberger NV <SLB.N> on Friday outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.

Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.

Schlumberger, Halliburton Co and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.

* Slowing growth could spur takeovers of smaller shale players -Papa

Schlumberger NV <SLB.N> Chief Financial Officer Simon Ayat is stepping down after nearly 12 years in the role and will be replaced by second-in-command Stephane Biguet, the top oilfield services provider said on Tuesday.

Oilfield services provider Schlumberger NV said on Tuesday its Chief Financial Officer Simon Ayat will step down in January 2020 after spending nearly 12 years in the role.

Schlumberger NV's <SLB.N> new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.