2016 Financial News

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Q4 2017 Schlumberger Earnings Conference Call (Live)
01/19/18 at 8:30 a.m. ET
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11/04/16Schlumberger Announces Fourth-Quarter and Full-Year 2016 Results Conference Call
HOUSTON--(BUSINESS WIRE)--Nov. 4, 2016-- Schlumberger Limited (NYSE:SLB) will hold a conference call on January 20, 2017 to discuss the results for the fourth quarter and full year ending December 31, 2016. The conference call is scheduled to begin at 7:30 am (US Central time), 8:30 am (US Eastern time) and 2:30 pm (Paris time). A press release regarding the results will be released prior to the call that same day. To access the co... 
10/20/16Schlumberger Announces Third-Quarter 2016 Results
Q3 2016 Earnings Release, with Financial Tables (159 KB PDF) Revenue of $7.0 billion decreased 2% sequentially Pretax operating income of $815 million increased 9% sequentially GAAP EPS was $0.13. Excluding Cameron merger and integration charges, EPS was $0.25 Cash flow from operations was $1.4 billion. Free cash flow was $699 million Quarterly cash dividend of... 
07/26/16Schlumberger Announces Third-Quarter 2016 Results Conference Call
HOUSTON--(BUSINESS WIRE)--Jul. 26, 2016-- Schlumberger Limited (NYSE:SLB) will hold a conference call on October 21, 2016 to discuss the results for the third quarter ending September 30, 2016. The conference call is scheduled to begin at 7:00 am (US Central time), 8:00 am (US Eastern time) and 1:00 pm (London time). A press release regarding the Company’s results will be issued on October 20, 2016 after close of market. To ... 
07/21/16Schlumberger Announces Second-Quarter 2016 Results
Q2 2016 Earnings Release, with Financial Tables (624 KB PDF) Revenue of $7.2 billion increased 10% sequentially Acquisition of Cameron contributed revenue of $1.5 billion EPS: GAAP loss per share of $1.56 Excluding charges and credits, EPS of $0.23 Asset impairment, workforce reduction... 
05/02/16Schlumberger Announces Second-Quarter 2016 Results Conference Call
LONDON--(BUSINESS WIRE)--May 2, 2016-- Schlumberger Limited (NYSE:SLB) will hold a conference call on July 22, 2016 to discuss results for the second quarter ending June 30, 2016. The conference call is scheduled to begin at 7:00 am (US Central time), 8:00 am (US Eastern time) and 1:00 pm (London time). Until further notice, Schlumberger quarterly earnings calls will occur at this time. A press release regarding the Company’s results will be issu... 
04/21/16Schlumberger Announces First-Quarter 2016 Results
Q1 2016 Earnings Release, with Financial Tables (113 KB PDF) Revenue of $6.5 billion decreased 16% sequentially EPS of $0.40 declined 38% sequentially, excluding charges and credits Repurchased 7.1 million shares for $475 million during the quarter Quarterly cash dividend of $0.50 per share approved Cameron merger closed on April 1, 2016 HOUSTON--(BUSINESS WIR... 
04/12/16Schlumberger Issues Venezuela Operations Update
LONDON--(BUSINESS WIRE)--Apr. 12, 2016-- Schlumberger Limited (NYSE:SLB) announced today that it will reduce its activity in Venezuela to align operations with cash collections. This measure is a result of insufficient payments received in recent quarters and a lack of progress in establishing new mechanisms that address past and future accounts receivable. Schlumberger appreciates the efforts of its main customer in the country to find al... 
04/05/16Schlumberger Announces the Pricing of its Tender Offer for Senior Notes of Cameron International Corporation
HOUSTON--(BUSINESS WIRE)--Apr. 5, 2016-- Schlumberger Holdings Corporation (“SHC” or the “Company”) today announced the early tender results and consideration to be paid in its previously announced cash tender offer for up to an aggregate principal amount of $1,243,157,000 of the outstanding senior notes of Cameron International Corporation specified in the table below (collectively, the “Notes”). The terms and conditions of the tender offer are describe... 
04/05/16Cameron Announces Completion of Consent Solicitation
HOUSTON--(BUSINESS WIRE)--Cameron International Corporation ("Cameron" or the "Company") announced today that it has completed the previously announced consent solicitation relating to the Company's securities listed in the table below (collectively, the "Notes"). In connection with the consent solicitation, the Company has entered into supplemental indentures with respect to the indentures governing the Notes to reflect the proposed amendments described in th... 
04/05/16Schlumberger Announces Increase in Maximum Tender Amount and Early Tender Results for Tender Offer for Senior Notes of Cameron International Corporation
HOUSTON--(BUSINESS WIRE)--Apr. 5, 2016-- Schlumberger Holdings Corporation (“SHC” or the “Company”) today announced the early tender results in its previously announced cash tender offer for up to an aggregate principal amount of $1,200,000,000 of the outstanding senior notes of Cameron International Corporation specified in the table below (collectively, the “Notes”). The terms and conditions of the tender offer are described in the Offer to Purchase, ... 
04/01/16Schlumberger Completes Merger with Cameron
HOUSTON--(BUSINESS WIRE)--Apr. 1, 2016-- Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron stockholders own ... 
03/25/16Schlumberger-Cameron Merger Receives Chinese Antitrust Approval
Closing set for April 1, 2016 HOUSTON--(BUSINESS WIRE)--Mar. 25, 2016-- Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that Chinese Ministry of Commerce (MOFCOM) has cleared their proposed merger without any conditions. MOFCOM approval represents the last major closing condition to the proposed merger. As a result, the parties intend to close their transaction on April 1, 2016. ... 
03/22/16Schlumberger Announces Tender Offer for Senior Notes of Cameron International Corporation
HOUSTON--(BUSINESS WIRE)--Mar. 22, 2016-- Schlumberger Holdings Corporation (“SHC” or the “Company”) today announced that it has commenced a tender offer to purchase up to $1.2 billion aggregate principal amount (the “Maximum Tender Amount”) of the outstanding senior notes of Cameron International Corporation (“Cameron”) specified in the table below (collectively, the “Notes”). The terms and conditions of the tender offer are described in the Offer ... 
02/29/16Schlumberger Announces First-Quarter 2016 Results Conference Call
PARIS--(BUSINESS WIRE)--Feb. 29, 2016-- Schlumberger Limited (NYSE:SLB) will hold a conference call on April 22, 2016 to discuss the results for the first quarter ending March 31, 2016. The conference call is scheduled to begin at 8:00 am (US Central time), 9:00 am (US Eastern time), 3:00 pm (Paris time). A press release regarding the Company’s results will be issued on April 21, 2016 after close of market. To access the conference... 
02/05/16Schlumberger-Cameron Merger Receives Unconditional Clearance from European Commission
PARIS--(BUSINESS WIRE)--Feb. 5, 2016-- Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review. As previously announced, the U.S. Department of Justice cleared the proposed merger in November 2015 without any conditions; Cameron stockholders voted on December 17 to adopt the mer... 
01/21/16Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results
Q4 2015 Earnings Release, with Financial Tables (112 KB PDF) Fourth-quarter revenue of $7.7 billion decreased 9% sequentially Fourth-quarter EPS of $0.65, excluding charges and credits, declined 17% sequentially Fourth-quarter restructuring and asset impairment charges totaled $1.46 per share Full-year free cash flow of $5 billion represented 114% of earnings N...