operating income, compared with Halliburton's 50% decline and Schlumberger 's 28%. As its largest geography, North America will ..... largest product line); that's a core reason we award Schlumberger and Halliburton economic moats, and continue not to award
The combined firms will create a services giant that may be able to close the revenue and margin gap with larger rival Schlumberger by the end of the decade. The core strength of the combined firm will be its heavy weighting to North America, which we
April 20 (Reuters) - Halliburton Co's decision to cut fewer jobs and keep its logistics network intact to capitalize on its pending merger with Baker Hughes Inc could give Schlumberger NV an edge at a time when cost cuts look like the best way forward.
NEW YORK, April 17 (Reuters) - An eventual recovery in U.S. oil drilling activity after the biggest slump in three decades may never reach last year's frenzied pace, according to the world's largest oilfield services company.
April 17 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported a smaller-than-expected fall in first-quarter margins as it continued to execute tight cost controls to...
April 17 (Reuters) - Schlumberger Ltd's shares rose as much as 3.3 percent on Friday, after tight cost controls helped the world's No.1 oilfield services provider report higher-than-expected margins in the first quarter.
* Total job cuts this year are 20,000, or 15 pct of workforce
April 16 (Reuters) - Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 11,000 jobs, blaming the fall in drilling activity, particularly in North America.
aforementioned funds currently overweighting the energy sector, its energy position isn't a new thing: Top energy picks Schlumberger SLB and National Oilwell Varco NOV have been in the portfolio for more than three years. Senior analyst Dan Culloton
MOSCOW, March 30 (Reuters) - Russia's Eurasia Drilling said on Monday it had agreed to extend a deadline on a proposed deal to sell a stake to international oilfield services firm Schlumberger from...