Moody's Places Cameron (CAM) on Review for Upgrade (SLB)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/24/2026
- Wall St futures retreat as oil gains on Mideast uncertainty, eyes on Trump-Xi talks
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Qualcomm secures long-term Apple patent deal, easing revenue fears
- Plug Power COO resigns to join another company
- Wall Street ends down as oil prices, Treasury yields rise
- Anthropic's Claude AI identifies novel enzyme system in DNA search
- AppLovin (APP) on watch amid 3% drop premarket as boutique comments circulate
- Xtend AI Robotics wins Phase III of USSOCOM lethal drone program
Schlumberger to buy oilfield gear maker Cameron in $14.8 billion deal
August 26, 2015 6:16 AM EDTBy Sneha Banerjee and Shubhankar Chakravorty
(Reuters) - Schlumberger Ltd (NYSE: SLB) will buy equipment maker Cameron International Corp (NYSE: CAM) for $14.8 billion, as the world's top oilfield services firm scrambles to offer a broader range of products at lower prices to oil companies slashing budgets.
The deal, which values Cameron around the market cap it had when oil prices were still $100 a barrel, marks the second big merger among energy services companies since crude prices entered a 60 percent slide last year.
Halliburton and Baker Hughes, Schlumberger's... More
