Schlumberger names Olivier Le Peuch as chief operating officer [Reuters]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Reuters
Schlumberger names Olivier Le Peuch as chief operating officer (Reuters) - Schlumberger NV on Friday named Olivier Le Peuch as chief operating officer, setting him up as a possible successor to Paal Kibsgaard for the top role at the world’s largest oilfield services company. Le Peuch has previously served as the president of Schlumberger’s oilfield equipments making unit Cameron Group. The appointment marks the formal beginning of CEO succession, wrote Jefferies analyst Brad Handler in a note. “That process comes earlier than we expected given Paal’s age and the recent downturn”, he added. Kibsgaard, 51, assumed the CEO role in 2011, succeeding Andrew Gould. He joined Schlumberger in 1997 as a reservoir engineer in Saudi Arabia. “Some investors have expressed frustration over Schlumberger’s strategic direction and may view succession planning as a move to shift the company’s focus,” said Cowen and Company analysts in a note. Kibsgaard struggled to steer the company out of the effects
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- Halliburton (NYSE: HAL) had its price target raised by analysts at Jefferies Financial Group Inc. from $49.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Halliburton (NYSE: HAL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Halliburton (NYSE: HAL) had its price target lowered by analysts at Wells Fargo & Company from $50.00 to $49.00. They now have an "overweight" rating on the stock.MarketBeat
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HAL
Earnings
- 4/23/24 - Beat
HAL
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- HAL's page on the SEC website