Schlumberger Ltd (FRA:SCL)
€ 41.7 0.3 (0.72%) Market Cap: 58.75 Bil Enterprise Value: 66.76 Bil PE Ratio: 14.13 PB Ratio: 2.88 GF Score: 70/100
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Liberty Oilfield Services Inc., Schlumberger Limited - M&A Call Transcript

Sep 01, 2020 / 02:00PM GMT
Release Date Price: €15.65 (-2.49%)
Operator

Good morning, and welcome to Liberty's conference call to discuss the transaction announced today by Liberty and Schlumberger. (Operator Instructions) Please note, this event is being recorded.

Some of our comments today may include forward-looking statements reflecting the company's view about future prospects, revenues, expenses or profits. These matters involve risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These statements reflect the company's beliefs based on current conditions that are subject to certain risks and uncertainties that are detailed in the company's earnings release and other public filings.

Our comments today also include non-GAAP financial and operational measures. These non-GAAP measures, including EBITDA, adjusted EBITDA and pretax return on capital employed, are not a substitute for GAAP measures and may not be comparable to similar measures of other companies.

A reconciliation of net income to EBITDA and adjusted EBITDA and the calculation of pretax return on capital employed as

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