Schlumberger: Russian sanctions could affect profits
Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.
View ArticleU.S. stocks rally on stimulus signs as energy shares jump
U.S. stocks rallied, trimming this week’s decline, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will add more economic stimulus.
View ArticleCameron International announces CEO succession plan
Cameron Chairman and CEO Jack Moore, who has led the company for more than seven years, plans to retire on Oct. 5 but still remain in the chairman position.
View ArticleSchlumberger cut thousands of jobs in fourth quarter on $1 billion loss
The oil crash has triggered the largest job cuts in oil field services, and Schlumberger has now eliminated about 34,000 jobs globally — a more than 25 percent reduction since its peak of nearly...
View ArticleSchlumberger begins switch to offense after calling the ‘bottom’ of the bust
Chairman and CEO Paal Kibsgaard said Friday the "challenging" negotiations have begun to undo the deep discounts offered to oil producers during the downturn for services companies to maintain or grow...
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