War Profiteers: Schlumberger

Here is what I have found out about Schlumberger so far.

* It is one of the world's largest oil services companies:
Hoover's Company Profile

Yahoo Business Information

* Schlumberger Announced its Second Quarter 2004 Results recently (triple profits):

slb.com

money.cnn.com

*Ownership of other companies:

PetroAlliance - Russian oil services company

Owns decision Team - German based software developer for the petroleum industry
Co-owns (70%) WesternGeco, US company that is a large provider of seismic services w/Baker Hughes (30%) -

*John Deutch as a Board Director , frmr CIA Director

* Some news articles relating to Schlumberger (or subsidiaries) and Iraq that may be of interest:

• Schlumberger News Release. Iraq Khormala Oil Field to Produce 100,000 B/D. (Jul 26, 2004). Discusses the potential oil production and notes that contracts have not yet been awarded.
• Investor Q&A with SLB CEO: Andrew Gould, and VP Chakib Sbitii. (June 2004). - not sure if it is useful.
• The Motley Fool. "Schlumberger: Top Pick?" (Mar 22 2004).
• The Washington Post. "Audit Finds Fraud, Other Abuses in Iraq Contract Awards." (July 30 2004)
• Gulf War Vets. "U.S. Firms Aiding Iraqi Oil Industry Commerce With Baghdad Grows Quietly as Washington Urges Regime Change". (Feb 20 2000).
• Truth Out. "A discreet way of doing business with Iraq". (Nov 3 2000).