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Schlumberger NV

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  • Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. Schlumberger's profit tumbled 39 percent in the first quarter with oil companies cutting back on production in North America. Schlumberger has slashed spending to adapt, yet the fall-off has...

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    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • UPDATE 2-Schlumberger to cut 11,000 more jobs Thursday, 16 Apr 2015 | 6:31 PM ET

    April 16- Schlumberger Ltd said it would cut a further 11,000 jobs and reduced its capital spending plan for this year as the world's No.1 oilfield services provider prepares for an extended period of lower activity and pricing pressure, especially in North America. The lower activity and pricing pressure led to a 9 percent drop in Schlumberger's...

  • April 16- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 11,000 jobs, blaming the fall in drilling activity, particularly in North America. Net income attributable to Schlumberger fell to $975 million, or 76 cents per share, in the first quarter ended March 31, from...

  • Schlumberger cuts 11K more jobs as drilling falls Thursday, 16 Apr 2015 | 5:42 PM ET
    Rig hands from Schlumberger Ltd. And Cofor work on the floor section of a drilling rig at the geothermal energy extraction site operated by Semhach SA in Villejuif, France.

    Oil equipment provider Schlumberger on Thursday said it would cut an additional 11,000 jobs, which brings the total number of cuts to 20,000.

  • After-hours buzz: AmEx, Schlumberger, AMD & more Thursday, 16 Apr 2015 | 5:29 PM ET
    Trader on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Thursday: AmEx, Schlumberger, AMD & more.

  • April 16- Schlumberger Ltd, the world's No.1 oilfield services provider, said it would cut a further 2,000 jobs and that it expects a recovery in U.S. land drilling activity to be delayed. Schlumberger, which provides drilling technology and equipment to oil and gas companies, said first-quarter revenue fell 19 percent from the fourth quarter, blaming lower...

  • April 16- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 38.8 percent drop in quarterly profit and said it would cut a further 2,000 jobs, blaming the fall in drilling activity, particularly in North America. Net income attributable to Schlumberger fell to $975 million, or 76 cents per share, in the first quarter ended March 31, from $1.59...

  • Schlumberger beats 1Q profit forecasts Thursday, 16 Apr 2015 | 4:13 PM ET

    THE HAGUE, Netherlands _ Schlumberger NV on Thursday reported first-quarter profit of $975 million. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share. Fifteen analysts surveyed by Zacks expected $10.67 billion.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed higher as oil hit highs for the year and investors continued to digest financial earnings and economic reports.

  • Lightning Round: Buy this if oil goes down Tuesday, 14 Apr 2015 | 7:00 PM ET
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    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • This is the next thing that could rock stocks Monday, 13 Apr 2015 | 6:00 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Earnings season may not give investors that warm and fuzzy feeling this quarter.

  • This is the next thing that could rock stocks Friday, 10 Apr 2015 | 4:42 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Earnings season may not give investors that warm and fuzzy feeling this quarter.

  • A slew of big banks, including JPMorgan Chase& Co and Bank of America Corp, is due to report first-quarter earnings next week, providing an expected bright spot in an otherwise gloomy quarter. Investors will also be watching other firms, such as Netflix Inc, General Electric Co and Schlumberger NV, to see if corporate America more broadly outperforms the negative...

  • oil fracking North Dakota

    The oil service sector just enjoyed a "very important breakout," says Evercore ISI's head technician. Here's why major upside could be ahead.

  • Sunday telephone call sparked $70 bln Shell-BG deal Wednesday, 8 Apr 2015 | 10:49 AM ET

    By Dmitry Zhdannikov and Karolin Schaps. LONDON, April 7- Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Helping to make it happen were three bankers who have advised on some of the oil industry's biggest takeovers-- Alastair Maxwell from Goldman Sachs, Julian Mylchreest from Bank of America Merrill Lynch and former...

  • Cramer Remix: It's time to buy these oil stocks Wednesday, 1 Apr 2015 | 7:00 PM ET
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    The pain may finally be coming to an end for these names, says “Mad Money” host Jim Cramer.

  • Cramer: Oil patch is ready for buyers again Wednesday, 1 Apr 2015 | 6:32 PM ET
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    Jim Cramer makes a call for investors to snap up these stocks in the oil patch. The positives cannot be ignored!

  • Cramer: The best places for you to put new money Monday, 30 Mar 2015 | 6:55 PM ET
    A Cofor worker wearing a safety hard hat moves drilling pipes near to a rig at the geothermal energy drilling site operated by Semhach SA in Villejuif, France.

    Jim Cramer reveals the top places to invest new money on the stock market.

  • The fall was slight, but it was just the second year-over-year decline since April 2010, when an oil production boom was just beginning to transform Midland. Midland has a population of around 140,000, and an economic decline there alone should not seriously dent the state economy. At the heart of the Permian Basin, one of the biggest oil deposits in the country,...