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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

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Microsoft : Schlumberger, Chevron and Microsoft announce collaboration to accelerate digital transformation

09/17/2019 | 03:07am EST
Global organizations will work together to accelerate development of cloud-native solutions and deliver actionable data insights for the industry

MONACO -September 17, 2019 - Tuesday at the SIS Global Forum 2019, Schlumberger, Chevron and Microsoft. announced the industry's first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies.

Data is quickly emerging as one of the most valuable assets to any company yet extracting insights from it is often difficult as information gets trapped in internal silos. As part of the collaboration, the three companies will work together to build Azure-native applications in the DELFI* cognitive E&P environment initially for Chevron, which will enable companies to process, visualize, interpret and ultimately obtain meaningful insights from multiple data sources.

DELFI* is a secure, scalable and open cloud-based environment providing seamless E&P software technology across exploration, development, production and midstream. Chevron and Schlumberger will combine their expertise and resources to accelerate the deployment of DELFI solutions in Azure, with support and guidance from Microsoft. The parties will ensure the software developments meet the latest standards in terms of security, performance, release management, and are compatible with the Open Subsurface Data Universe (OSDU) Data Platform. Building on this open foundation will amplify the capabilities of Chevron's petrotechnical experts.

The collaboration will be completed in three phases starting with the deployment of the Petrotechnical Suite in the DELFI environment, followed by the development of cloud-native applications on Azure, and the co-innovation of a suite of cognitive computing native capabilities across the E&P value chain tailored to Chevron's objectives.

Olivier Le Peuch, chief executive officer, Schlumberger, said, 'Combining the expertise of these three global enterprises creates vastly improved and digitally enabled petrotechnical workflows. Never before has our industry seen a collaboration of this kind, and of this scale. Working together will accelerate faster innovation with better results, marking the beginning of a new era in our industry that will enable us to elevate performance across our industry's value chain.'

'There is an enormous opportunity to bring the latest cloud and AI technology to the energy sector and accelerate the industry's digital transformation,' said Satya Nadella, CEO of Microsoft. 'Our partnership with Schlumberger and Chevron delivers on this promise, applying the power of Azure to unlock new AI-driven insights that will help address some of the industry's-theworld's-mostimportant energy challenges, including sustainability.'

Joseph C. Geagea, executive vice president, technology, projects and services, Chevron, said, 'We believe this industry-first advancement will dramatically accelerate the speed with which we can analyze data to generate new exploration opportunities and bring prospects to development more quickly and with more certainty. It will pull vast quantities of information into a single source amplifying our use of artificial intelligence and high-performance computing built on an open data ecosystem.'

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.82 billion in 2018. For more information, visit.

About Chevron

Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

About Microsoft

Microsoft (Nasdaq 'MSFT' @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

###

*Mark of Schlumberger

For further information, contact:

Moira Duff
Corporate Communication Manager−Western Hemisphere
Schlumberger
Tel: +1 281 285 4376
communication@slb.com

Sean Comey
Sr. Advisor, External Affairs
Chevron
Tel: +1 925 842 5509
seancomey@chevron.com

Microsoft Media Relations
WE Communications for Microsoft
(425) 638-7777
rrt@we-worldwide.com

Disclaimer

Microsoft Corporation published this content on 17 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2019 07:06:03 UTC


© Publicnow 2019
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
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P/E ratio 2021 31,7x
Yield 2021 1,02%
Capitalization 1 617 B 1 617 B -
EV / Sales 2021 9,75x
EV / Sales 2022 8,71x
Nbr of Employees 163 000
Free-Float 99,9%
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