Quantcast
Last updated on April 18, 2014 at 17:24 EDT

Latest Cameron Stories

2014-03-27 08:27:52

HOUSTON, March 27, 2014 /PRNewswire/ -- Cameron (NYSE:CAM) announced today that it has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold. Cameron delivered the industry's first and only 13-5/8" 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided to place this second order with Cameron for high pressure activity...

2014-03-21 08:22:02

HOUSTON, March 21, 2014 /PRNewswire/ -- Cameron (NYSE: CAM) today announced that its Board of Directors has approved an increase in the Company's share repurchase authorization by an additional $500 million. In addition, the Company reported it has repurchased 12.8 million shares so far in 2014, at a total cost of $780 million. The Company has also established its first commercial paper program which will be used for general corporate purposes including share repurchases. The...

2014-02-19 12:23:01

HOUSTON, Feb. 19, 2014 /PRNewswire/ -- In conjunction with Cameron's (NYSE: CAM) First Quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on April 24, 2014 at 9:30 a.m. Eastern. What: Cameron First Quarter Earnings Release Conference Call When: April 24, 2014 at 9:30 a.m. Eastern Where:...

2014-01-30 08:23:46

- Reports fourth quarter earnings per share of $1.00, excluding charges HOUSTON, Jan. 30, 2014 /PRNewswire/ -- Cameron (NYSE: CAM) reported earnings per share for the fourth quarter of 2013 of $1.00, excluding charges. This compares to earnings per share for the fourth quarter of 2012 of $0.95, excluding charges. After-tax charges for the fourth quarter of 2013 were $0.05 per share, primarily related to integration and restructuring costs. After-tax charges for the fourth...

2014-01-20 12:20:53

Also Announces Intention to Explore Strategic Alternatives for the Remainder of Compression Systems Business HOUSTON, Jan. 20, 2014 /PRNewswire/ -- Cameron (NYSE: CAM) today announced that it has entered into a definitive agreement under which it will sell its Reciprocating Compression business to GE (NYSE:GE) for cash consideration of approximately $550 million, subject to closing adjustments. Cameron also announced that it intends to explore strategic alternatives for its...

2014-01-10 12:22:06

HOUSTON, Jan. 10, 2014 /PRNewswire/ -- Cameron (NYSE: CAM) today announced the retirement of John Carne as Chief Executive Officer of OneSubsea effective February 28, 2014. John has served as CEO of OneSubsea since the Cameron and Schlumberger joint venture was formed in June 30, 2013. Previously, John served Cameron for over 40 years in several senior level management positions, including Cameron's Chief Operating Officer. Scott Rowe, President, Production Systems for OneSubsea, will...

2013-12-11 16:21:34

HOUSTON, Dec. 11, 2013 /PRNewswire/ -- Cameron (NYSE: CAM) has priced a public offering of $250 million aggregate principal amount of 1.150% senior notes due 2016, $250 million aggregate principal amount of 4.000% senior notes due 2023 and $250 million aggregate principal amount of 5.125% senior notes due 2043. The sale of the senior notes is expected to settle on December 16, 2013, subject to customary closing conditions. Cameron intends to use the net proceeds from the offering to...

2013-12-10 20:20:52

HOUSTON, Dec. 10, 2013 /PRNewswire/ -- Cameron (NYSE: CAM) today announced that its Board of Directors has approved an increase in the Company's share repurchase authorization by an additional $750 million. Cameron also intends to add debt to its capital structure in the near term, while continuing to maintain a strong investment-grade profile and a balance sheet that provides the financial flexibility to pursue its strategic objectives. Cameron entered the fourth quarter of 2013...

2013-12-09 16:22:47

HOUSTON, Dec. 9, 2013 /PRNewswire/ -- Cameron has elected H. Paulett Eberhart to the Company's Board of Directors, effective December 9, 2013. Eberhart, 60, is currently Chief Executive Officer of CDI Corporation (NYSE:CDI). She joined CDI as President and Chief Executive Officer in January 2011. Eberhart came to CDI from HMS Ventures, a privately-held real estate and consulting services firm where she served as Chairman and Chief Executive Officer. Prior to that, she served as...

2013-11-22 08:21:09

HOUSTON, Nov. 22, 2013 /PRNewswire/ -- In conjunction with Cameron's (NYSE: CAM) Fourth Quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on January 30, 2014 at 9:30 a.m. Eastern. What: Cameron Fourth Quarter Earnings Release Conference Call When: January 30, 2014 at 9:30 a.m. Eastern Where:...