Schlumberger Ltd.

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Other Pre-Announcement

Schlumberger says Qtrly GAAP Loss Per Share Was $0.06

Published: 10/16/2020 11:09 GMT
Schlumberger NV (SLB) - Qtrly GAAP Loss per Share, Including Charges and Credits of $0.22 per Share, Was $0.06.
Qtrly Eps, Excluding Charges and Credits, Was $0.16.
Board Approved Quarterly Cash Dividend of $0.125 per Share.
Qtrly North America Area Consolidated Revenue of $1.2 Billion Was 2% Lower Sequentially.
Qtrly Worldwide Revenue of $5.3 Billion Decreased 2% Sequentially.
Capital Investment for the Full Year 2020 is Expected to Be Approximately $1.5 Billion.
Qtrly North America Offshore Revenue Decreased 13% Sequentially.
$350 Million of Charges Recorded During Third Quarter of 2020.
Despite Rig Count Decline During the Quarter, Have Experienced Significant New Technology Uptake.
Qtrly International Revenue Offset by Effects of Rig Count Declines, Extended Covid-19 Disruptions in Africa, Middle East, Asia.
Q3 Earnings per Share View $0.13, Revenue View $5.38 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly North America Offshore Was Affected by Reduced Rig Activity, Lower Multiclient Seismic License Sales, Hurricane Disruption.
Upon Close of Two N. America Transactions, Co Expects International Rev to Represent More Than 80% of Consolidated Rev.
Qtrly Pretax Operating Margin of 10.9% Vs 12.8% Reported Last Year .
Cost-reduction Program is Progressing Well; Co Expect to Realize Vast Majority of These Savings As Co Exits This Year.