GE & BHI The combined company will have about 70,000 employees worldwide and operations in more than 120 countries.
Revenue will exceed SLB
Won't be long before HAL overtakes SLB and move SLB into # 3.
25 replies (most recent on top)
I thought so, when the president see no value growth in given benefits!
Or maybe Just cut his losses, now market sees this and share will go down then paal will layoff more of us, bottom line is we will pay for this.
You don't see much of this sh-- in other service companies.
He see sinking ship and now jump
Schlumberger N.V. President Aaron Gatt Floridia Sells $2,766,800.00 in SLB shares
All you pessimists! Think new and act new! -PK
So many premature acquisitions, so many wrong layoffs, company left with political managers and disengaged employees. If anyone think slb will rebound is dreaming. Hydrocarbon usage is changing and there is no need for what slb calls technology.
We'll always be the number 1 oil service company in the world! We're sitting on a highly-compressed coiled spring! There will be no more layoffs! - Pinnocchio (aka Paal)
I hope the real owner of schlumberger see this, but 10 year already we just purchase and make thing become ridiculous to make and shoot up the cost. Too many talent left just because they cant wait to see their skill is dying. Too much manager that interest in fake report rather than technical report.
I think there is a couple problems which help perpetuate this mess. 1 middle management is all about the bonus. The only concern is checking boxes. 2, upper management is adding more and more requirements driving up costs to complete almost anything. 3, not being able to be profitable, or reduced profitability in this market is next to corporate death. We have made lots of changes in the past few years which will make us a slow beast to changes.
I think we lost sight of what's important to our clients trying to force very large contracts as our bread and butter when we need to remember to be dynamic. Troubling times are nowhere near over for slb.
BH management will ruin this merger just watch.
Attack of the fake news Schlumbots.
Fake nooz even
This is bs. Fake Booz
The post is correct.
The oil price and slb stock will not climb until Deepwater well production starts to slow down i read this will happen in 2018. By then SLB will drop to #2, not 3 if the current trend continues. That should be enough for the board to say enough is enough, if they dont then the board can expect to be removed. Slb would normally milk the DW clients to bounce higher than compo the problem is the amount of cuts and lack of funding and reliance on the transformation means slb will not regain #1 as there are no assets and an IT Transformation will not drill. log, frac and complete your next well.
Post ID: @NFDzc3G-4lkq........another Schlumbot who is totally clueless about a balance sheet. Also whilst you are peddling rubbish, check out the debt of Schlumberger and monies owed which are likely to be unrecoverable.
Look at the net income, alright?
SLB still had $279 million in profit for Q1, so they are in much better shape then the competitors that lost money.
HAHAHA I have to laugh at the sense of entitlement possessed by you little blue birds. Numerous posts on this site indicate this especially when there are posts of threatening to go work for a competitor. The competitor doesn't want you unless you have truly sensitive info that will provide leverage.
Just because you worked for SLB does not give you a free pass to work anywhere. The industry knows that you all have had detrimental blows to your mental health and well being by working for SLB.
Often not seeking what's good for your employer but only ways to make yourself look good at any cost. If this means literally using every single person in your environment as a stepping stone to ascend up the big blue ladder then by god that's what will happen.
SLB is bad news on a resume
Just saying...
Dont worry ,oil and gas industry is flip up. Get ready for more work. U will be king at burger technology
Time to jump ship, let's all go work for GE!!
Slb doesn't care about you, why do you care ?!
Slb isn't functioning company when oil is below $100
Good, I hope SLB goes out of business.
AND ME I hope so to
Good, I hope SLB goes out of business.
Oil price down
Stock price down
Usually what comes next ? - jobs down {i.e. job cuts}
Not what the managers said they said everything will be OK it is just a cycle ha ha ha ha ha who believed that rubbish ?
Fire more and bleed the pressure off, I will still collect my fat bonus.
Our stock price is also tanking and 52 week low again today, whereas HAL are not. What is going on?