Schlumberger Comments on Outlook for 2008 Results
03 Dezembro 2008 - 12:28PM
Business Wire
Schlumberger Limited (NYSE:SLB) announced today that the company�s
fiscal year profit for 2008 will be below analysts� consensus
estimates due to the worldwide economic slowdown and its effect on
oil and gas exploration and production spending. �We have been
consistent in our view that our results would be affected in the
event of a severe global economic downturn, which we are now
facing,� said Chairman and Chief Executive Officer Andrew Gould.
�However, we still maintain that in the longer term, the
fundamentals of our industry are sound.� About Schlumberger
Schlumberger is the world's leading oilfield services company
supplying technology, information solutions and integrated project
management that optimize reservoir performance for customers
working in the oil and gas industry. The company employs more than
84,000 people of over 140 nationalities working in approximately 80
countries. Schlumberger supplies a wide range of products and
services from seismic acquisition and processing; formation
evaluation; well testing and directional drilling to well cementing
and stimulation; artificial lift and well completions; and
consulting, software, and information management. In 2007,
Schlumberger revenue was $23.28 billion. For more information,
visit www.SLB.com. This press release contains �forward-looking
statements� within the meaning of the federal securities laws,
which include any statements that are not historical facts, such as
our forecasts or expectations regarding fiscal year profit. These
statements are subject to various risks and uncertainties,
including, but not limited to, the global economy; changes in
exploration and production spending by Schlumberger customers and
changes in the level of oil and natural gas exploration and
development; general economic and business conditions in key
regions of the world; project startup costs and third party service
costs; operational and new equipment delays; exploitation of, and
changes in, technology; seasonal factors and weather-related
events; and other risks and uncertainties detailed in our most
recent Form 10-K and other filings that we make with the Securities
and Exchange Commission. If one or more of these risks or
uncertainties materialize (or the consequences of such a
development changes), or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those
forecasted or expected. Schlumberger disclaims any intention or
obligation to update publicly or revise such statements, whether as
a result of new information, future events or otherwise.
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