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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.
News For SLB From The Last 14 Days
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October 28, 2014
05:57 EDTSLBStocks with implied volatility movement; SLB HPQ
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October 17, 2014
17:50 EDTSLBSchlumberger is inexpensive and has room to rise, Barron's says
Shares of Schlumberger have fallen recently, as has the rest of the energy sector, but the stock has room to rise and is relatively inexpensive compared to its historical valuation, Barron's reports. Revenue growth was strong across the board in the third-quarter, during which several major contracts were won. The stock is also trading at close to 14.5 times analysts’ estimates for the next 12 months’ earnings, well below its historical average of 20, Barron's added. Reference Link
08:58 EDTSLBSchlumberger sees FY15 exploration spending flat
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08:48 EDTSLBSchlumberger sees 5c-7c EPS growth in Q4 vs. Q3
Sees Libya and Russia continuing to have an affect on earnings during Q4. Libya's Q3 activity was down 50% year over year.
08:47 EDTSLBSchlumberger sees international earnings growth in FY15
Schlumberger management stated that Russian sanctions has a 2c per share impact on Q3. The company will re-size Libyan resources and oil rigs in Iraq are slowly going back into operation. Management stated that the company did several deals for artificial lift work. The company's outlook for global GDP growth softened slightly. The company sees Brent oil prices recovering and stabilizing. Management stated that global economic recover is remains intact. The company stated that global spare oil capacity is not increasing. Management stated that 10 new deep-water rigs are scheduled for delivery in Q4. The company sees a 6% decline in deep-water drilling, primarily driven by Brazil. The company sees FY15 deep-water drilling flat. The company sees FY 14 exploration spending down 4%-5%. Comments made during Q3 earnings conference call.
October 16, 2014
16:10 EDTSLBSchlumberger says world economy 'slow but steady recovery' intact
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16:09 EDTSLBSchlumberger reports Q3 EPS $1.49, consensus $1.46
Reports Q3 revenue $12.6B, consensus $12.64B. Schlumberger CEO Paal Kibsgaard said, “Strong activity in North America and robust growth in International Areas, led by Latin America and supported by Europe/Africa/CIS in spite of international sanctions in Russia, drove third-quarter results to a new record high. At the same time, Middle East & Asia proved highly resilient in the face of significant headwinds in Northern Iraq. All Areas and all Groups recorded growth, backed by new technology penetration and strong operational execution."
15:26 EDTSLBNotable companies reporting after market close
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