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Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:19 EDTSLBSchlumberger says "confident" in ability to drive financial performance
Says M&A to play key role in how company drives technology innovation. Says assuming no significant changes to operating environment in the coming 3-year period.Sees annual growth in global economy of 3%-4%. Sees oil demand up 1%-1.5% per year. Sees oil production outside the U.S. dampened by project delays, geopolitical supply disruptions. Sees brent over $100 per barrel from 2015-2017. Sees a "well balanced" oil market through 2017. Sees gas markets remaining relatively tight outside the U.S. Sees 2015-2017 growth in total industry E&P CapEx spend 6%-7%. Sees 2015 exploration spending "subdued," sees renewed industry focus on exploration in 2016-2017. Sees continued growth in deepwater activity. Comments made at the company's 2014 Investor Conference.
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August 29, 2014
18:01 EDTSLBSchlumberger executives sell company stock near record high, Barron's reports
From July 25 to August 28, four Schlumberger executives, including CFO Simon Ayat, sold thousands of shares of company stock, Barron's reports. Adjusted for dividends and splits, Schlumberger shares notched a record intra-day high of $118.76 on July 1, Barron's added. Reference Link
August 24, 2014
14:44 EDTSLBSchlumberger acquisitions should help North American push, WSJ says
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