First Quarter Financials to Be Reported by Schlumberger

A conference call has been scheduled by Schlumberger Limited (SLB), a duly registered company in the New York Stock Exchange, to report on its first quarter financials as of end March 31, 2012. The conference call is scheduled to commence at 3 pm Paris time, or 9 am US Eastern time, with a press release to be issued before the conference on the same day.

Investors may be able to access the conference call by contacting the Conference Call Operator by dialing +1-800-230-1085 when in the North American region, or +1-612-288-0337 when outside North America, around 10 minutes before the actual scheduled conference call and specify the “Schlumberger Earnings Conference Call”.

There would be a simultaneous broadcast of the conference call via webcast accessible at www.slb.com/irwebcast through audio only. Listeners are advised to tune in at least 15 minutes before the scheduled conference call to be able to verify their connections first.

Schlumberger is a global leader in the supply and distribution of different modes of technology, integrated project management, and information solutions to clients and customers dealing in the oil and gas industry around the world. The company employs more than 113,000 people across 140 nationalities and holds fort in around 85 countries. It provides a whole array of products and services dealing with exploration through production and has gained eminence internationally.

It is hard to clearly define Schulmberger stock direction from the technical analysis point of view. On one side, it seems to be in uptrend, with two consecutive rising lows of $36.73 (March 2009) and $54.96 (July 2010). Yet, the next major low is at $59.73 (September 2011) is breaking the trend line. Another warning point is that the local $95.04 high, recorded in Januray 2011, has not been surpassed in more than a year…