Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Schlumberger expects to 'materially grow' margins and cash flow in near to medium term - CEO

09/08/2021 | 09:47am EDT
FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston

DENVER (Reuters) - Schlumberger NV, the world's leading oilfield service provider, expects to materially grow its margins and cashflow over the medium and short term horizons, Chief Executive Officer Olivier Le Peuch said on Wednesday.

The company expects to reach adjusted EBIDTA margins of 25%, or a 500 basis point expansion from pre-pandemic levels, over that period. It expects to continue generating double-digit free cash flow margins and restore return on capital employed to double digits in the short to medium term, Le Peuch said.

(Reporting by Liz Hampton in Denver)


ę Reuters 2021
Latest news "Economy & Forex"
10/15Third electricity provider calls it quits in Singapore
RE
10/15Boeing workers stage protest near Seattle over U.S. vaccine mandate
RE
10/15Exxon begins phone campaign to win Texas refinery worker votes for contract - union
RE
10/15White House meets U.S. Chamber of Commerce, other industry groups on vaccine rule
RE
10/15Evergrande's $1.7 billion Hong Kong headquarters sale flops as buyer withdraws -sources
RE
10/15Evergrande CEO in Hong Kong for restructuring, asset sale talks, sources say
RE
10/15Evergrande's Swedish electric vehicle unit in sale talks, CEO says
RE
10/15TRADE TO THE RESCUE : Unleashing Global Trade to Support Economic Growth
PU
10/15WORLD BANK TOKYO ONLINE MORNING SEMINAR #123 “EBB AND FLOW : Water, Migration, and Development”
PU
10/15U.S. to probe Texas air regulator's rulings for racial bias
RE
Latest news "Economy & Forex"