News for Schlumberger
Feb 22 · 12:30:00 PM · Source: Company Press Release
Schlumberger Ltd (NYSE: SLB) and Smith International, Inc. (NYSE: SII) jointly
announced today that their Boards of Directors have unanimously approved a
definitive merger agreement in which the companies would combine in a
stock-for-stock transaction.
The joint merger will leverage production capabilities of both firms, the companies say. If stockholders and regulators approve, the deal could close by Q4 this year, and Schlumberger expects the combination to be accretive to earnings per share in 2012.
· Related: Smith International
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by Jeffrey Epstein
Feb 9 · 2:20:00 PM · Source: Company Press Release
Schlumberger announced today that its Board of Directors has appointed Paal Kibsgaard Chief Operating Officer of Schlumberger Limited effective immediately.
Reporting to Andrew Gould, Chairman and Chief Executive Officer, Kibsgaard will be responsible for the day-to-day management of all worldwide operations in addition to the Schlumberger technology organization—including engineering, manufacturing and product development.
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by Michael Oliveto
Oct 23 · 9:56:00 AM · Source: Company News Release
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.
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by Larry Etter
Oct 22 · 1:56:00 PM · Source: Business Wire
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.
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by Larry Etter
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