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Cameron Sees Strong Subsea Performance in 3Q; Talks SLB Merger

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Cameron Sees Strong Subsea Performance in 3Q; Talks SLB Merger

Cameron reported fully diluted earnings per share, excluding discontinued operations and other costs, of $1.18 for the third quarter of 2015, compared to $1.17 for the same period of 2014.

Agreement to be Acquired by Schlumberger Limited

On August 26, 2015, Schlumberger Limited and Cameron jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. The transaction is subject to Cameron shareholders' approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur in the first quarter of 2016.

Segment Performance Subsea - the segment generated significant increases in operating…
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