Schlumberger Ltd. (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 alternative payment [...]
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 [...]
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 [...]
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 [...]
Schlumberger Ltd. (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 approximately [...]
Closing set for April 1, 2016 HOUSTON, March 25, 2016 /PRNewswire/ -- Schlumberger Ltd. (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 [...]
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 [...]
Schlumberger Ltd. (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 call, listeners should [...]
HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Schlumberger Ltd. (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 [...]
- $1.08 fully diluted earnings per share excluding discontinued operations and other costs - 17.8% segment operating income as a percent of revenue, driven by Subsea and Drilling segments - Cash provided by operations reaches nearly $500 million HOUSTON, Jan. 28, 2016 /PRNewswire/ -- Cameron (NYSE: CAM) today reported fully diluted earnings per share, excluding discontinued operations and other costs, of $1.08 for the [...]
Schlumberger Ltd. (NYSE:SLB) today reported results for full-year 2015 and the fourth quarter of 2015. Full-year results are shown in the table below. Full-Year Results (Stated in millions, except per share amounts) ...
Schlumberger Ltd. (NYSE:SLB) announced today that Schlumberger Holding Corporation (“SHC”), its wholly-owned subsidiary and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017 (the “2017 Notes”); 2018 (the “2018 Notes”); 2020 (the “2020 Notes”); 2022 (the “2022 Notes”); and 2025 (the [...]