BNET Industries
Market Cap:$77.3B
Last Fiscal Year Sales:$27.5B
- Public
- US
Dow Jones Description
The world needs oil, and oil needs Schlumberger. Founded in 1927 and headquartered in New York, NY, Schlumberger Limited (NYSE: SLB) is a leading oilfield services concern. The company's Oilfield Services segment offers a full range of specialties, including seismic surveys, drilling, wireline logging, well construction and completion, and project management. Its WesternGeco segment provides reservoir imaging, monitoring, seismic monitoring, and development services. The company has annual revenue of about $14.3 billion and employs about 60,000 people, operating in 80 countries. In November 2005 the company acquired a minority share in Packers Plus Energy Services, a Canadian-based completions company. In May 2005 the company acquired the assets of Diamould Ltd, an oil and gas industry firm specializing in electrical, hydraulic and fiber-optic connector solutions, based in Barrow-in-Furness, Cumbria, UK.
Number of Employees 87,000
Peer Companies
NAICS Code Support Activities for Oil and Gas Operations: 213112
Recent Events
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Capital One Southcoast Upgrades Schlumberger SLB to Add
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Schlumberger Announces Fourth-Quarter and Full Year 2009 Results
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Schlumberger Ltd announces dividend of USD0.21 per common share
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Halliburton Leads Off and Smacks a Single
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to resell ERF Wireless WiMAX service
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Oil Patch Bits: Schlumberger, Chevron announce Intersect
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Sector Wrap: Shares of oil services companies rise
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BRIEF-RESEARCH ALERT-BMO starts U.S. oil services sector
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Schlumberger releases new data management software (SPE 2009)
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Schlumberger, Chevron Energy Technology release new reservoir simulation software (SPE 2009)
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National Oilwell Varco forms joint venture with Schlumberger
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Oil Patch Bits: Schlumberger releases SenTurian in-riser system
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Schlumberger of Austria to acquire rival Hochriegl
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Schlumberger to acquire 100% stake in Hochriegl Wein- und Sektkellerei
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Stocks Slip, Wholesale Sales Rise, Oil Drops
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Bulls' streak ends, but stocks up on week
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Goldman Sachs Upgrades Schlumberger Limited SLB to Buy
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Schlumberger Introduces New Cased Hole Services Tractor
News & Analysis
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schlumberger ltd. - All News and Analysis
Eyes on Oil Output Amid Refining Slump
ReutersUK
- 2009-10-26
By Braden ReddallSAN FRANCISCO (Reuters UK) - This quarter's earnings from oil majors like Exxon Mobil XOM and BP BP will put the focus on their integrated structure as they bank on rebounding oil prices to offset dismal refining results.Refineries are struggling as demand remains limp and the cost of...
Wall St Falls on Weak Industrials; Transports Drag
Reuters
- 2009-10-23
By Rodrigo CamposNEW YORK (Reuters) - U.S. stocks fell on Friday, with the major indexes slipping for the first week in three, as industrial companies' weak results overshadowed robust earnings from tech and retail heavy-weights.The blue-chip Dow average finished below 10,000 for the second time this week.A stronger U.S. dollar...
Schlumberger Limited Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-10-23
Question-and-Answer Session Operator Great. Thank you, sir. Operator Instructions Your first question comes from Bill Herbert - Simmons & Company International. Bill Herbert - Simmons & Company International Andrew, if you could provide us with some perspective, if you will, on two markets, one, Mexico. Clearly a lot...
Eyes on Oil Output as Majors Battle Refining Slump
ReutersUK
- 2009-10-23
By Braden ReddallSAN FRANCISCO (Reuters UK) - This quarter's earnings from oil majors like Exxon Mobil Corp XOM and BP Plc BP will put the focus on their integrated structure as they bank on rebounding oil prices to offset dismal refining results.Refineries are struggling as demand remains limp and the...
Schlumberger Profit Tops Street View; Sees Weak Gas
Reuters
- 2009-10-23
NEW YORK/SAN FRANCISCO (Reuters) - Oilfield services leader Schlumberger Ltd SLB reported slightly better-than-expected quarterly earnings on Friday but warned North American natural gas activity would remain weak until late 2010.Oil field service companies have been hurt as oil and gas producers have slashed spending this year. Firmer oil prices...
Full Disclosure: Schlumberger, Hydraulic Fracking and the Public Access Debate
BNET
- 2009-09-30
Oilfield services giant Schlumberger is pushing its suppliers for permission to reveal the chemicals used in hydraulic fracturing, a technique used to access oil and gas trapped in hard-to-reach shale formations, Bloomberg reported Tuesday. Fracking has been used for decades. But it has become the subject of a recent regulatory...
Storing Water Underground, Schlumberger Style
Seeking Alpha
- 2009-09-15
Greentech Media submits: By Jeff St. John Schlumberger SLB has a ton of experience...
Baker Hughes to Buy BJ Services
BNET
- 2009-08-31
NEW YORK (Reuters UK) - Baker Hughes BHI said it will buy smaller competitor BJ Services BJS for $5.5 billion (3.4 billion pounds) in stock and cash to expand its international business and take advantage of BJ's pressure pumping expertise. The deal values BJ at a 16 percent premium over...
Baker Hughes buys rival BJ Services for $5.5bn
BNET
- 2009-08-31
Baker Hughes, the oil field services provider, said on Monday it would buy BJ Services, a smaller rival, for $5.5bn in cash and stock to broaden its selection of products and services. Baker Hughes will pay 0.40035 of a share of its stock, plus $2.69 in cash, for each share...
Schlumberger: Get 'Oily' for Good Total Returns
Seeking Alpha
- 2009-08-10
Paul Price submits: SLB [NYSE} – August 10, 2009: $53.34 - 11:35 AM EST 52-week range: $35.05 (Feb. 23, 2009) - $100 (Aug. 21, 2008) by Paul Price
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