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0 0.000542593597395636 -0.00162778079218652 -0.00162778079218652 -0.00271296798697779 -0.00542593597395539 -0.00623982637004875 -0.0208898534997286
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SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The company, which helps clients drill oil wells and map underground pockets of crude, also told investors in a statement Friday that it expects to exceed its target of $3 billion in shareholder returns this year as most of its customers' projects are going ahead. SLB posted third-quarter earnings of 89 cents a share, excluding certain items, matching what analysts expected, while sales of $9.16 billion were less than analysts forecast. Shares initially rose as much as 2.3% before the start of regular trading in New York but were down 1.1% at 7:23 a.m. “Although some customers have adopted a more cautious approach to their near-term capital expenditures and discretionary spending amid lower commodity prices, most projects are progressing as planned,” SLB Chief Executive Officer Olivier Le Peuch said in the statement. “Although the rate of upstream spending growth has moderated in the last few months due to the macroenvironment, we continue to expect a s Show less Read more
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