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Schlumberger (SLB)

Schlumberger Ltd. Friday reported net income of $787 million, or 65 cents per share, for the third quarter, a decrease from year-earlier earnings of $1.53 billion, or $1.25 a share. The company said oilfield services revenue in the quarter was $4.95 billion, flat sequentially but down 22% from a year ago. Increases in both North and South America offset further declines in the Middle East and Asia.
But company CEO Andrew Gould said he believes "the worst" is behind the company.

Oct 23 · 9:56:00 AM · Source: Company News Release
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by Larry Etter

Schlumberger (SLB)

The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.21 per share of outstanding common stock. The dividend is payable on January 8, 2010 to stockholders of record at the close of business on December 2, 2009.

Oct 22 · 1:56:00 PM · Source: Business Wire
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by Larry Etter

ConocoPhillips (COP)

ConocoPhillips has agreed to sell to Buckeye Partners, L.P. three refined-product storage and distribution terminals and two refined-product pipelines and associated storage tanks in the Chicago and St. Louis areas.
Terms of the transaction were not disclosed.

Oct 22 · 12:02:00 PM · Source: Reuters
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by Michael Oliveto

Helmerich & Payne, Inc. (HP)

HP (NYSE: HPQ), the world’s leading PC company, today announced Windows® 7 will be available across its portfolio of consumer and business PCs after midnight tonight. In addition, HP will provide customers with advanced tools and services to assist their transition to the new operating system.

Oct 21 · 3:34:00 PM · Source: Business Wire
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by Larry Etter

Bolt Technology Corporation (BOLT)

Bolt Technology Corporation (NASDAQ: BOLT) today announced that for the first quarter of fiscal year 2010 -- the three months ended September 30, 2009 -- sales amounted to $7,033,000 compared to $11,263,000 for the first quarter last year. Net income for the quarter amounted to $1,178,000 ($0.14 per share) compared to $2,280,000 ($0.27 per share) for the first quarter last year.
Raymond M. Soto, Bolt’s chairman, president and CEO, commented, “Our operating results for the first quarter of fiscal 2010 reflect the impact of lower marine seismic exploration activity caused by the global economic slowdown

Oct 21 · 10:09:00 AM · Source: Business Wire
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by Larry Etter

Chevron (CVX)

Chevron Argentina S.R.L., a producer of oil and natural gas and a wholly-owned subsidiary of Chevron Corporation, has entered into preliminary discussions to sell certain properties located in Argentina to GeoPark Holdings Limited.
GeoPark Holdings is a Bermuda-based oil and gas exploration and production company.

Oct 20 · 4:32:00 PM · Source: Trading Markets
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by Michael Oliveto

ConocoPhillips (COP)

ConocoPhillips’ CEO Jim Mulva said he expects it will be hard for crude supply to meet demand in the years ahead, with output possibly peaking below 100 million barrels per day.
Mulva told reporters at the sidelines of the Oil and Money conference in London, "It's going to be very difficult to get up towards 100 million barrels."

Oct 20 · 3:11:00 PM · Source: Reuters
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by Michael Oliveto

Baker Hughes (BHI)

Baker Hughes and BJ Services Company announced the receipt of a request from the Antitrust Division of the Department of Justice for additional information (commonly known as a second request) with respect to Baker Hughes' proposed merger with BJ Services Company.
Both companies intend to comply with the request promptly.

Oct 15 · 11:35:00 AM · Source: Reuters · Related: BJ Services
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by Michael Oliveto

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