Warm up to work starts at the Florence Ky facility tomorrow with an estimated cost of $60,000 a month. How is this acceptable with SLB stock price in the toilet and this facility being run right into the ground by what is the most incompetent group... — read more
Is this true?
LAM manager told me that Rubicon started taking some of SLB's contracts, but he was unaware of any great details. Can anyone confirm?
When Paal is firing expensive people?
It's about the time Paal, shares are sub 50 almost.
Is the Digital bubble about to burst?
It smells like late 1999 - early 2000 on the eve of the dotcom bubble implosion... https://ibb.co/dEe8a0 Any consequences for companies like SLB that invested hundreds of millions in "Digital transformation", to the point they don't have any other... — read more
Profit margins are expected to shrink
Everybody seems to be pleased with the position that SLB is in right now, but the question that comes to mind is how long can the company keep this growth, and have the Q3 financial results been a random success or a beginning of a positive trend of... — read more
Do not forget
Do not forget some employees salary is double or triple of what outside slb pays. This is the legacy of $120 oil and should be eliminated soon than later. Be fair, management bounce is been reduced a lot too. Mine almost nil.
Everybody is a commodity for the upper management.
Year after year, this company reduced their benefits in par with hiring third country nationals with visa sponsorship needs and of cause an army of contractors. It has become a near disposable workforce; of cause excluding top management. Pragmatism... — read more
Jerks
Schlumberger management are nothing but a bunch of ignorant jerks
Merger with NOV and FII in talks
SLB management has decided to keep this Drilco as our activity in the North Sea is up. Possible merger with NOV and Franks! Was up at Hareness Circle and the boys are buzzin with excitement! Can anyone confirm this?
Schlumberger Layoffs 2019
If there will be no Schlumberger Layoffs in 2019 please say so?
Yes, PK has been paid TOO MUCH!
https://simplywall.st/stocks/us/energy/nyse-slb/schlumberger/news/is-schlumberger-limited-nyseslb-excessively-paying-its-ceo/
Benefits
I'm considering a job at Schlumberger. What does the benefits package look like? Health insurance costs for family, profit sharing, bonuses, employee stock purchase plan and vacation/sick time are primarily what I'm interested in.
Pk now being one of the losers at the Saudi Davos
Just shows you how desperate...
SLB selling product lines to service debt and dividend?
Is Q4 really looking that bad? What product lines are going?
Delfi...?
It's winning at buzzword bingo, shame that's the only thing it's winning. What a waste of money.
Cutting costs to produce good results
The market analysts seem tho thing that SLB’s Q3 earnings are satisfying (over the market prediction, less than the company expectations). It’s also no secret that the pipeline restraints in the US did their part, and that the results would have been... — read more
Cost cutting is not working
High Oil Prices = should equal high share price? Lower Costs = should equal more profit (with or without transformation we have cut like crazy) Therefore either the Sales organization does not know how to get price rises and win contracts for a gain... — read more
No communication on Engage to Excel 2018
No one seems to know if Engage to Excel will be back in 2018 ... Perfect planning and communication
Slb stock trading at 8 year low - Thanks Paal
Under Paal's able leadership, Schlumberger stock is trading at 8 year low reminds us of Andrew Gould golden days.
According to the earnings report the numbers are looking good
The earnings report stated that SLB Q3 profits were up 18% then they were in the same period last year. What’s even more satisfying is that there is high oil demand on the market, and it is projected that it will stay that way for quite a while. Hope... — read more
Q3 2018 Earnings Conference Call
Paal was so proud of TRANSFORMATION. "By advancing our transformation program further over the past 4 years, we have completely modernized our internal workflows and organizational structure and created stronger and more professional support... — read more
Weak earning ========> strong cost cutting
Only weak workers produce weak earnings...what happened to the shiny blue?!
Opinion
The worst CEO ever; devalues the company, runs off 75K+ employees, has always taken an antagonistic attitude with employees, fires board of directors who don't agree with him. Must be difficult to sleep making $22 million/yr.
SHTC Stonehouse
How much work is being moved to China?
Any sign of the SLB Rig of the Future (RoF) arriving in the present yet?
Been waiting now for 10 years but still no sign of it
uk layoffs
layoffs in OSS announced today in the UK. 13 to go from Derby and the office to close.
SIS -brace for impact
The SIS strategy for 2019 is out. In 3 words: "Lower The Ambition". 2019 will be yet another year of minimum delivery. The much-awaited digital wonders won't be ready before 2020. And by then you will be able to....create maps and manage spreadsheets... — read more
Stock Value Down, Exec Bonuses Up
Where is the logic?
Welcome to the new way of working.
New way of working (or not working) Well we are moving forward with the new way of not working. Every decision needs funneled 2 layers up for president 's approval. Need to order parts submit an exemption and wait months while upper management delays... — read more
Drilco sale finalised?
Fact of fiction? Have heard terms and conditions are finally sorted ? Can anyone confirm? Will the facility in Portlethen go?
PK is a goner
Rumours...apparently PK is a goner after Q4..anybodyelse heard that ??
DELFI
DELFI is all marketing but no substance. nobody can explain what DELFI is. they will talk about environment, attributes etc and at the end of it you will have zero understanding of what DELFI is. but mgmt has huge dreams of making this a multiple... — read more
Inventory Gathering Dust in Warehouses
Schlumberger would be better off getting rid of the huge redundant inventory that is gathering dust in its warehouses. With the share price heading south, large and generous ' use us' inducements and far too many supervisors, business initiatives and... — read more
Who would buy?
SLB have lost all the #1 market share positions that all the Smith legacy companies held and now are not even in #3 positions for many markets. A sad demise and indictment on SLB management incompetency. Who would buy? Many would be interested but... — read more
Smith Disvestiture
What's the latest on the DT&R sale? When will it be announced?
Latest talk is thats PKs latest initiative “CnG 30/40” will kick off next week. Can this one actually work?
Some of McKinsey top US consultants were hired to develop the CnG-30/40 initiative to take a new positive and proactive message to the investor community The acronym means “Cut n Grow” and the target is 30% reducimos in our cost base while growing... — read more