oil & gas assets
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CM - Schlumberger exits some businesses, reports $10.1B net loss - January 2020



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Schlumberger, the world’s largest oilfield services company, reported a net loss for 2019 of $10.1 billion on revenue of $32.9 billion, compared with $2.14 billion in net income on $32.8 billion of revenue YOY. Excluding charges that included an over $8.8 billion impairment of goodwill and over $1 billion in asset write-downs, the company made $2.05 billion last year. Schlumberger reduced its frac horsepower capacity by 50%, exited the onshore coiled tubing business in......
 
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