Last €6.46 EUR
Change Today +0.034 / 0.53%
Volume 2.7M
CGG On Other Exchanges
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As of 11:37 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cgg (CGG) Snapshot

Open
€6.48
Previous Close
€6.43
Day High
€6.56
Day Low
€6.30
52 Week High
04/30/14 - €12.75
52 Week Low
12/15/14 - €4.25
Market Cap
1.1B
Average Volume 10 Days
2.7M
EPS TTM
€-4.92
Shares Outstanding
177.1M
EX-Date
05/27/94
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for CGG (CGG)

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cgg (CGG) Details

CGG, a geoscience company, provides geological, geophysical, and reservoir services to customers in the oil and gas exploration and production industry, as well as manufactures and sells geophysical equipment in North America, Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates in three segments: Acquisition; Geology, Geophysics & Reservoir; and Equipment. The Acquisition segment offers geophysical acquisition services, including land, marine, airborne, and seabed. This segment provides marine seismic 2D and 3D services; and delivers marine seismic contract data acquisition in ‘frontier’ areas, as well as provides marine seismic contract data acquisition and multi-client surveys. As of December 31, 2013, it had a fleet of 21 seismic vessels. This segment is also involved in the acquisition and onsite processing of seismic data acquired on land areas; and acquisition, processing, and interpretation of airborne geophysical data on land or offshore. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processing seismic data; sells seismic data processing and reservoir characterization software under the geovation, Hampson-Russell and Jason brands; provides geoscience and petroleum engineering consulting services; collects, develops, and licenses geological data; and providing data management services and software to its clients. The Equipment segment develops and produces seismic equipment in the land and marine seismic markets. This segment offers a range of geophysical equipment for seismic data acquisition, including seismic recording equipment, software, and seismic sources either for land (vibrators) or marine (air guns), as well as supplies its clients with integrated solutions. The company was formerly known as CCompagnie Générale de Géophysique Veritas, S.A. and changed its name to CGG in 2013. CGG was founded in 1931 and is headquartered in Paris, France.

8,500 Employees
Last Reported Date: 02/26/15
Founded in 1931

cgg (CGG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €887.0K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: €558.9K
Senior Executive Vice President of Equipment ...
Total Annual Compensation: €578.4K
Compensation as of Fiscal Year 2013.

cgg (CGG) Key Developments

Cgg Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015

CGG reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company has posted revenue was $906 million against $955 million a year ago. EBITDA was $208 million against $280 million a year ago. EBIT was $40 million against $73 million a year ago. Net loss was $667 million against $809.9 million a year ago. Cash flow from operations was $347 million against $451 million a year ago. Free cash flow was $187 million against $179 million a year ago. Loss per share was $3.78 against $4.59 a year ago. For the year, the company has posted revenue was $3,095 million against $3,766 million a year ago. EBITDA was $1,160 million against $994 million a year ago. EBIT was $423 million against $160 million a year ago. Net loss was $1,146.6 million against $691.2 million a year ago. Loss per share was $6.52 against $3.95 a year ago. Cash provided from operating activities was $864.2 million against $907.7 million a year ago. Capital expenditures were $281.9 million against $347.2 million a year ago. Negative free cash flow was $76 million against $5 million a year ago. For the 2015, industrial CapEx is reduced to $375 million to $425 million with a prefunding target above 70% and Industrial Capex reduced to $175 million to $200 million leading to a global capex reduction of c. 25% from 2014 to 2015.

CGG Wins Geophysical Survey Projects in Papua New Guinea

CGG announced that it has been awarded both a land seismic and an airborne gravity survey by InterOil Corporation to assess the hydrocarbon potential of their acreage in Papua New Guinea. CGG's airborne group is to conduct a large FALCON(Registered) Airborne Gravity Gradiometer (AGG) survey to acquire 11,000 line km of high-resolution data with fixed-wing aircraft and 25,700 line km using rotary-wing aircraft, better suited to acquiring high-resolution measurements in the rugged terrain. The 2D conventional land seismic award comprises a 465 km survey in InterOil's southern PPL474 and 476 permits (the Murua survey) and may include additional coverage totaling in excess of 200km to the north over their riceratops and Raptor discoveries. To ensure robust operations in challenging operating conditions CGG will deploy 2,100 Sercel UNITE cable-free channels and autonomous seismic source technology during the two-part survey which is due to start in January and end in August 2015. CGG's Bangkok imaging center will process the land seismic data as part of the integrated service CGG is offering InterOil.

CGG Presents at 11th High Yield Leveraged Finance Conference, Jan-15-2015 02:00 PM

CGG Presents at 11th High Yield Leveraged Finance Conference, Jan-15-2015 02:00 PM. Venue: Lancaster London, Lancaster Terrace, London, W2 2TY, United Kingdom. Speakers: Stéphane-Paul Frydman, Corporate Officer & Chief Financial Officer.

 

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