Core Laboratories NV CLB CEO Lawrence Bruno on Q2 2020 Results
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Chairman of the Board, Chief Executive Officer, President & Chief Operating Officer, Core Laboratories N.V.
Search every verified Lawrence Bruno interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Lawrence Bruno, Chairman of the Board, Chief Executive Officer, President, and Chief Operating Officer at Dolby Laboratories, discussed Core Laboratories' second-quarter 2020 results and strategy during a July 2020 earnings call. He attributed a decline in activity from the first to second quarter primarily to COVID-19-related disruptions, while also noting reduced capital spending in the industry. Bruno stated that new laboratory work had slowed but expressed confidence in the company's positioning for anticipated activity levels in the second half of 2020, emphasizing a focus on free cash flow, debt reduction, and returning value to shareholders through growth opportunities, dividends, and potential share repurchases. In an August 2018 interview at EnerCom's Oil & Gas Conference, Bruno described Core Laboratories' two main business segments—reservoir description and production enhancement—and highlighted the company's focus on technological innovation, including enhanced oil recovery in unconventional reservoirs. He noted that laboratory testing had demonstrated techniques that could potentially increase oil recovery rates from roughly 7-9% of oil in place to 13-15%, and discussed the company's retention of 1,300 senior scientists through the downturn, attributing this to varied international projects and total compensation packages.
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Core Laboratories (ticker: CLB) View recorded webcast and presentation: http://www.theoilandgasconference.com... _____ Learn more about Core Laboratories here: https://www.corelab.com/ Oil & Gas 360 Articles: https://www.oilandgas360.com/?s=core+... _____ See other Company presentations here: The Oil & Gas Conference® 2018 – http://www.theoilandgasconference.com/ Learn more about our conferences here: EnerCom Inc. Conferences - http://www.enercominc.com/conferences _____ EnerCom Inc. EnerCom Inc. is a nationally recognized management consulting firm advising oil and gas exploratio…
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