Shares were up The stock rose 2.4% in afternoon trading. 17, 2020 Corporate Participants: Simon Farrant -- Vice President - Investor Relations Olivier Le Peuch -- ChiefSchlumberger Limited (NYSE: SLB) provided its earnings results for the quarter ended March 31, 2020 today.
These 40 stocks could stand to benefit.Leading oil-field-services companies Halliburton, Baker Hughes and Schlumberger have done themselves a favor by quickly confronting their new reality and ruthlessly cutting costs.
As part of the solution, it has done what many huge companies have.Schlumberger Limited (SLB) CEO Olivier Le Peuch on Q2 2020 Results - Earnings Call TranscriptSchlumberger Layoffs: SLB to Cut 21,000 Jobs Amid Oil WoesLeading oil-field-services companies Halliburton, Baker Hughes and Schlumberger have done themselves a favor by quickly confronting their new reality and ruthlessly cutting costs. Schlumberger's stock was trading at $17.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). View real-time stock prices and stock quotes for a full financial overview. Schlumberger Limited (NYSE: SLB) Q2 2020 earnings call dated July 24, 2020 Corporate Participants: Simon Farrant -- Vice President, Investor Relations Olivier Le Peuch -- ChiefSchlumberger (NYSE: SLB) swung to a loss on a GAAP basis in the second quarter of 2020, hurt by the $3.7 billionOilfield services company Schlumberger Limited (NYSE: SLB) suffered a double whammy in the early months of the fiscal year, losing significant marketSchlumberger NV (SLB) Q1 2020 earnings call dated Apr. Schlumberger Ltd. said Tuesday that it has initiated "major changes" to its organizational structure, aimed at permanently removing over $1.5 billion in costs on an annual basis. Wall Street analysts welcomed the news, as well as an unexpected quarterly profit.Schlumberger Ltd. said Friday it had a net loss of $3.434 billion, or $2.47 a share, in the second quarter, after income of $492 million, or 35 cents a share, in the same period a year ago. Excluding charges and credits, the oil company had adjusted per-share earnings of 5 cents, ahead of the FactSet consensus for a loss of 1 cent. The oilfield services provider's bottomSchlumberger's (SLB) adjusted income for the first quarter of 2019 slid 20% year-over-year to $421 million or $0.30 per share as NorthSchlumberger Limited (SLB) reported better-than-expected revenue for the fourth quarter of 2018 while earnings came in line with estimates.
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