Schlumberger Ltd.

Liberty Oilfield Services Inc. and Schlumberger announced today the completion of the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty on December 31, 2020, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty. This press release features multimedia. View the full release here [...]

Schlumberger Ltd. will hold a conference call on January 22, 2021 to discuss the results for the fourth quarter and full year ending December 31, 2020. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 721-7241 within North [...]

Expands Global Platform in Rod Lift Solutions Lufkin Industries , a portfolio company of KPS Capital Partners, LP , announced today that it has completed the acquisition of the North American Land Rod Lift Business of Schlumberger N.V. . Schlumberger's Rod Lift Business is a large provider of rod lift products and services in North America with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum [...]

Schlumberger Ltd. today reported results for the third quarter of 2020. Third-Quarter Results Three Months Ended Change Sept. 30, 2020 Jun. 30, 2020 Sept. 30, 2019 Sequential Year-on-year Revenue $5,258 $5,356 $8,541 -2% -38% Income before taxes - GAAP basis $ $ $ n/m n/m Adjusted EBITDA* $1,018 $838 $1,773 21% -43% Adjusted EBITDA margin* 19.4% 15.6% 20.8% 371 bps -140 bps Pretax segment operating income* $575 $396 [...]

Schlumberger, IBM and Red Hat, announced today a major collaboration to accelerate digital transformation across the oil and gas industry. The joint initiative will provide global access to Schlumberger’s leading exploration and production cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container platform. Collaborative development will [...]

Schlumberger Ltd. will hold a conference call on October 16, 2020 to discuss the results for the third quarter ending September 30, 2020. The conference call is scheduled to begin at 8:30 a.m. US Eastern time and a press release regarding the results will be issued at 7:00 a.m. US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 721-7241 within North America or +1 [...]

Liberty Oilfield Services Inc. and Schlumberger announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada , including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty in exchange for a 37% equity interest in the combined company. The combined company will deliver best-in-class completion services for the [...]

Schlumberger Ltd. today reported results for the second quarter of 2020. Second-Quarter Results Three Months Ended Change Jun. 30, 2020 Mar. 31, 2020 Jun. 30, 2019 Sequential Year-on-year Revenue $5,356 $7,455 $8,269 -28% -35% Income before taxes - GAAP basis $ $ $593 n/m n/m Pretax segment operating income* $396 $776 $968 -49% -59% Pretax segment operating margin* 7.4% 10.4% 11.7% -303 bps -431 bps Net income - GAAP [...]

Schlumberger Ltd. is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code , which requires disclosures of certain payments made by Schlumberger Ltd. and its consolidated subsidiaries to governments for the year ended December 31, 2019 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2019 [...]

Schlumberger Ltd. today announced the expiration of the previously announced cash tender offer by Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger , for any and all of SISA’s outstanding 3.300% Senior Notes due 2021 , on the terms and subject to the conditions set forth in the Offer to Purchase dated June 17, 2020 and the related Notice of Guaranteed Delivery attached to the Offer to [...]