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Search resuls for: "Schlumberger Ltd"


5 mentions found


☆ Futures muted as investors weigh chances of June rate pause
  + stars: | 2023-06-05 | by ( Sruthi Shankar Shristi Achar A | Sruthi Shankar | Shristi Achar A | ) www.reuters.com   time to read: +3 min
"That would suggest that core prices will come down, albeit at a much slower rate than originally thought." ET, Dow e-minis were up 31 points, or 0.09%, S&P 500 e-minis were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis were down 17 points, or 0.12%. Palo Alto Networks Inc (PANW.O) climbed 4.6% as the cybersecurity firm looks set to replace Dish Network (DISH.O) in the S&P 500 index. Apple Inc (AAPL.O) rose 1.0% ahead of its annual software developer conference, where it is widely expected to announce a new mixed-reality headset. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Hewson, Loretta Mester, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: Dow, Nasdaq, Wall, Traders, CMC Markets, P Global, Institute for Supply Management, Fed Cleveland, Dow e, . Energy, Exxon Mobil Corp, Chevron Corp, Schlumberger Ltd, Saudi, Palo Alto Networks, Dish Network, Big, Wall Street Journal, Bank of America Corp, Citigroup Inc, Apple Inc, Thomson Locations: Saudi Arabia, U.S, Washington, Big U.S, Bengaluru
☆ What Is a CEO’s Pay Actually Worth?
  + stars: | 2023-03-05 | by ( Theo Francis | ) www.wsj.com   time to read: 1 min
For the first time, public companies are revealing how much compensation their CEOs are actually poised to get, by tabulating gains and losses in the stock awards that make up much of their pay packages. For Olivier Le Peuch , chief executive of oil-field-services company Schlumberger Ltd., the new disclosure shows the value of his pay jumped nearly $24 million during the course of last year, driven by a sharp rise in the company’s share price. At nuts-and-bolts-maker Fastenal Co., new equity awards for CEO Daniel Florness lost nearly half their value in 2022.
☆ Biden Aims to Spur Drilling With Plan to Refill Oil Reserves, but Producers Are Skeptical
  + stars: | 2022-10-23 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
After releasing the most oil ever from the U.S. emergency petroleum reserve, the Biden administration is signaling it will refill soon, a multibillion-dollar undertaking that it hopes will rouse sluggish domestic drilling activity. The pitch is likely to be a hard sell for many domestic producers, say industry executives and analysts. “It’s a little bit more [complex] than this,” said Olivier Le Peuch , chief executive of oil-field services company Schlumberger Ltd.
☆ Biden Pitches Plan to Refill Oil Reserves, but Producers Are Skeptical
  + stars: | 2022-10-23 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
After releasing the most oil ever from the U.S. emergency petroleum reserve, the Biden administration is signaling it will refill soon, a multibillion-dollar undertaking that it hopes will rouse sluggish domestic drilling activity. The pitch is likely to be a hard sell for many domestic producers, say industry executives and analysts. “It’s a little bit more [complex] than this,” said Olivier Le Peuch , chief executive of oil-field services company Schlumberger Ltd.
☆ Schlumberger's quarterly profit tops forecasts on increased drilling
  + stars: | 2022-10-21 | by ( Liz Hampton Ruhi Soni | Liz Hampton | Ruhi Soni | ) www.reuters.com   time to read: +3 min
Oil and gas producers are looking to increase production as crude prices stay near eight-year highs, boosting demand for Schlumberger's equipment, services and technology. Analysts had expected Schlumberger to report earnings of 55 cents per share, according to Refinitiv IBES. Shares jumped more than 2% in pre-market trading and Wall Street analysts said the results were positive. Wall Street had expected revenue of $7.1 billion for the quarter. Rival Baker Hughes Co (BKR.O) topped Wall Street expectations for third-quarter adjusted profit on Wednesday.
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