Jefferies Raises price Target on Schlumberger Ltd. (SLB) with Increased Confidence; Reiterates Hold
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Schlumberger Announces First-Quarter 2016 Results
April 21, 2016 4:15 PM EDTRevenue of $6.5 billion decreased 16% sequentially EPS of $0.40 declined 38% sequentially, excluding charges and credits Repurchased 7.1 million shares for $475 million during the quarter Quarterly cash dividend of $0.50 per share approved Cameron merger closed on April 1, 2016
HOUSTON--(BUSINESS WIRE)-- Schlumberger Limited (NYSE: SLB) today reported results for the first quarter of 2016.
  (Stated in millions, except per share amounts) Three Months Ended   Change Mar. 31, 2016   Dec. 31, 2015   Mar. 31, 2015 Sequential   Year-on-year Revenue $ 6,520 $ 7,744 $ 10,248 -16 % -36 % Pretax operating income 901 1,288 1,993 -30 % -55 % Schlumberger net income, excluding charges and credits*... More