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Schlumberger NV

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  • Energy stocks fall as oil slips below $80, Monday, 27 Oct 2014 | 10:53 AM ET

    Goldman Sachs analysts now expect U.S. oil prices to be roughly $75 a barrel in 2015, down from their previous forecast of $90 a barrel. Goldman Sachs is the latest Wall Street bank to lower its forecast for crude prices, saying that OPEC was unlikely to reduce exports in an effort to lift prices and that U.S. production continues to expand. Halliburton, Nabors...

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • Halliburton profit beats as drilling stays strong Monday, 20 Oct 2014 | 10:27 AM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America. Halliburton, which derives about half of its revenue from North America, also benefited from higher revenue in its international operations. Halliburton's revenue rose about 18...

  • *GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.1 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 5 percent to $90.66 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.

  • *GE, Honeywell climb after quarterly results. The Russell 2000 index was down 0.3 percent after posting Thursday its longest streak of more than 1 percent gains since July 2012. Honeywell shares gained 4.3 percent to $90.07 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing S&P sector.

  • General Electric shares rose 3.4 percent to $25.07 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial sector up 1.8 percent. Fellow industrial Honeywell shares gained 4.1 percent to $89.27 after its quarterly results, to help send the S&P industrials sector up 2.3 percent as the best performing...

  • US STOCKS-Wall St rallies on sturdy earnings, data Friday, 17 Oct 2014 | 11:25 AM ET

    General Electric shares rose 3.8 percent to $25.17 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial sector up 1.8 percent. Fellow industrial Honeywell shares gained 4.1 percent to $89.27 after its quarterly results, to help send the S&P industrials sector up 2.3 percent.

  • NEW YORK, Oct 17- U.S. stocks were higher at the open on Friday, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses. General Electric shares rose 2.8 percent to $24.94 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial...

  • Oct 16- Schlumberger Ltd, the world's largest oilfield services company, posted a third-quarter profit that beat estimates for at least the ninth consecutive quarter, helped by strong drilling activity in North America. "Strong activity in North America and robust growth in international areas... in spite of international sanctions in Russia, drove...

  • Schlumberger profit rises on improving oilfield demand Thursday, 16 Oct 2014 | 4:15 PM ET

    Oct 16- Schlumberger Ltd, the world's largest oilfield services company, reported a 13 percent rise in third-quarter profit, helped by strong drilling activity in North America and robust growth in its international business. Net income attributable to the Houston, Texas- based company rose to $1.95 billion, or $1.49 per share, in the third quarter ended Sept. 30,...

  • *Q3 profit misses estimates as weak Gulf of Mexico hits margins. Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, said its clients would reconsider projects if oil prices fell to and remained at $75 per barrel for a few months, although many of them considered the recent slide in oil prices a short term blip. The caution from came after Baker...

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit as political tensions disrupted activity in Libya and Iraq, and a sharp fall in drilling in the Gulf of Mexico weighed on margins. Baker Hughes shares dropped more than 10 percent in premarket trading on Thursday as the company's profit fell short of...

  • Traders looking for more economic headwinds Thursday, 16 Oct 2014 | 6:06 AM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.

  • Market fear factors could linger Thursday Wednesday, 15 Oct 2014 | 7:57 PM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    After Wednesday’s market turbulence, traders will be watching Thursday’s economic reports for any further indications the U.S. economy is running into headwinds.

  • LONDON, Oct 10- "A rose by any other name would smell as sweet," William Shakespeare wrote in "Romeo and Juliet". OPEC, which includes crude but not condensate in its production quotes, has also struggled and failed to agree on common definitions. In the past, the inconsistent treatment of condensates in the United States did not matter because they were a relatively...

  • QUITO, Oct 8- Oilfield service providers will invest $2.1 billion in Ecuador over the next five years in return for being awarded contracts for 17 blocks and receiving payment for each additional oil barrel produced there, an official said on Wednesday. State-run company Petroamazonas has reached deals with Schlumberger, Argentina's YPF and Tecpetrol,...

  • Brent crude climbed above $98 after hitting a 26- month low in the prior session while U.S. crude gained 78 cents to $93.70 on the possibility of an output cut from OPEC. Among the leaders to the upside were Exxon Mobil, up 0.8 percent to $97.04, and Schlumberger, up 0.7 percent to $103.72.