--Oilfield services and equipment company Schlumberger Ltd. plans to consolidate some product lines and will see moves among some executives in the coming months, Reuter reported Thursday, citing a memo to employees "dated on Wednesday and reviewed by Reuters."

--The changes will see the company consolidate 17 product lines into four divisions, and will also result in several executives changing positions or leaving the company, the report said.

--A spokesman for Schlumberger didn't immediately respond to a request for comment, the report said.

Full story: https://www.reuters.com/article/us-schlumberger-reorganization-exclusive/exclusive-schlumberger-names-new-top-executives-to-oversee-corporate-overhaul-idUSKBN22X0CB

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 21, 2020 13:57 ET (17:57 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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