Schlumberger N.V. (SLB)

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Schlumberger in Russian Joint Venture Deal Schlumberger Says International Is Back Schlumberger Profit Climbs 65% Schlumberger issued an upbeat outlook for growth in the deep waters of the Gulf of Mexico Schlumberger Says Weather, Turmoil to Hurt Net Schlumberger's profit rose 31% Schlumberger's profite rose 31 % Documents Show Schlumberger Probed Payments Made In Yemen Oil services giant Schlumberger Ltd. says it is buying rival Smith International Inc. Oil services giant Schlumberger Ltd. says it is buying rival Smith International Inc. SLB said revenue fell 17% from a year earlier SLB awarded $687M Drilling Contract In Mexico Schlumberger won a three-year drilling contract with the mexican oil company Pemex. The contract is for drilling services in Pemex's Chicontepec region. SLB Reports Drop in Net Income, Earnings Per Share SLB's quarterly net income fell form $1.38 billion ($1.12 per share) in the year-ago period to $1.15 billion (95 cents per share) this year. The company expects revenue and net income to be negatively affected in 2009 due to a decrease in American and Russian drilling operation. SLB Announces Layofffs Schlumberger announced that it plans to layoff up to 70,000 workers worldwide in response to falling profits and rising costs. SLB buys heavy oil extraction technique from Raytheon Schlumberger buys heavy-oil-extraction technology that uses radio frequencies and fluids from Raytheon. Quarterly Revenues Announced Stock price rises by almost 20% as Schlumberger's SEC filings indicate another quarter of largely increased revenue and overall success. Drop in Crude Oil Prices Stock price falls by approximately 15% as crude oil prices fall. Western Geco Acquisition Stock price rises by approximately 15% as Schlumberger takes over the entirety of Western Geco.

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