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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schlumberger Limited    SLB   AN8068571086

SCHLUMBERGER LIMITED

(SLB)
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Schlumberger Elevates Le Peuch to CEO as Kibsgaard to Retire -- Update

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07/19/2019 | 10:25am EDT

By Colin Kellaher

Schlumberger on Friday said Paal Kibsgaard will retire as chairman and chief executive, effective Aug. 1.

The Houston oilfield-services company said Olivier Le Peuch, currently chief operating officer, will succeed Mr. Kibsgaard as chief executive and join the board on that date.

Schlumberger said Mark Papa, one of the pioneers of the U.S. shale boom who joined the board as a non-independent director in October, will become non-executive chairman, while Peter Currie will continue to serve as lead independent director.

Mr. Papa, the former chief executive of shale-industry bellwether EOG Resources, is currently chairman and chief executive of smaller independent shale company Centennial Resource Development.

Mr. Le Peuch, who has spent 32 years with Schlumberger, was named chief operating officer in February, a move seen as a signal that he was in line to succeed Mr. Kibsgaard at the helm.

Both Mr. Kibsgaard and his predecessor, Andrew Gould, each served as chief operating officer for just over a year before moving into the top post.

Mr. Kibsgaard, who joined Schlumberger in 1997, has been chief executive since August 2011 and chairman since April 2015. He is also retiring from the board, the company said.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CENTENNIAL RESOURCE DEVELOPMENT, INC. -1.93% 0.8661 Delayed Quote.-81.25%
EOG RESOURCES, INC. -4.09% 48.81 Delayed Quote.-41.73%
SCHLUMBERGER LIMITED 1.60% 19.63 Delayed Quote.-51.17%
SCHLUMBERGER LIMITED -0.92% 16.1 Real-time Quote.-55.15%
THE LEAD CO., INC. 2.56% 361 End-of-day quote.-7.44%
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Financials (USD)
Sales 2020 23 491 M - -
Net income 2020 -10 770 M - -
Net Debt 2020 13 853 M - -
P/E ratio 2020 -2,52x
Yield 2020 4,53%
Capitalization 27 248 M 27 248 M -
EV / Sales 2020 1,75x
EV / Sales 2021 1,80x
Nbr of Employees 105 000
Free-Float 96,6%
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Technical analysis trends SCHLUMBERGER LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 24,22 $
Last Close Price 19,63 $
Spread / Highest target 145%
Spread / Average Target 23,4%
Spread / Lowest Target -18,5%
EPS Revisions
Managers
NameTitle
Olivier Le Peuch Chief Executive Officer & Director
Mark G. Papa Non-Executive Chairman
Stephane Biguet Chief Financial Officer & Executive Vice President
Demosthenis Pafitis Chief Technology Officer
Nikolay Kudryavtsev Independent Director
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