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Uncovering Potential: SLB's Earnings Preview
SCHLUMBERGER Earnings Preview: Recent $SLB Insider Trading, Hedge Fund Activity, and More
It is reported that ConocoPhillips will lay off employees in the fourth quarter.
USA Oil & Gas giant ConocoPhillips announced on Tuesday plans to lay off workers to control costs and streamline Operations. This job cut is the latest sign of distress in the Oil & Gas Industry, which is facing rising costs and declining revenues as oil prices hover around $63 per barrel. Many companies have stated that they cannot be profitable if oil prices drop below $65 per barrel. Earlier this year, oil giants Chevron and Schlumberger also announced layoff plans. Two sources indicated that ConocoPhillips has hired Boston Consulting Group.
Unusual Options Activity: CRH, KO and Others Attract Market Bets, CRH V/OI Ratio Reaches 178.6
Schlumberger (SLB) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Earnings Preview: Schlumberger to Report Financial Results Pre-market on April 25