Top U.S. energy companies Chevron and Schlumberger have withdrawn an application to capture carbon dioxide emissions and store them deep underground in central California, spokespeople said on Wednesday, putting the clean-energy project on hold after U.S. environmental regulators questioned it. Burying industrial gases has become a focus for energy companies seeking to show investors they are willing to reduce emissions and help fight climate change.
Most readers would already be aware that Schlumberger's (NYSE:SLB) stock increased significantly by 13% over the past...
With many major stock market indices down year to date, some investors are scrambling to find a safe harbor for their hard-earned savings. One such name is Schlumberger (NYSE: SLB), an oil and gas services giant that just boosted its quarterly dividend by 40%. Schlumberger reported first-quarter earnings results on April 22.