When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Last month Schlumberger (SLB) announced it would take a one time charge of over $1 billion pursuant to layoffs and restructuring efforts:
Schlumberger (SLB +2%) expects to take one-time charges of $1.2B-$1.4B associated with its ongoing restructuring and related layoffs, CEO Olivier Le Peuch says.
The restructuring, which will include cutting 17 product lines into four divisions and restructuring around just five key basins, is expected to permanently save ~$1.5B/year in costs, the CEO told the J.P. Morgan 2020 Energy, Power & Renewables Conference.