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Tuesday, November 26, 2024

July 24, 2020

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge- oil and gas 360

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge

July 24, 2020

Reuters Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis. Producers

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