schlumberger family net worth

In the 1970s, the company's top executives in North America were relocated to New York City. [27] In March 2022, Schlumberger stopped investing in its projects in Russia because of International sanctions during the Russo-Ukrainian War. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Is There A Hidden Opportunity In Schlumberger Stock? The industry continued to shift through the 2010s, and SLB shifted with it, innovating new products and technologies in imaging as well as for shale and gas plays. These increases, however, were partially offset by reduced Reservoir Performance and Well Construction activity in Russia and Scandinavia due to the onset of seasonal effects. In addition to financial results determined in accordance with US generally accepted accounting principles (GAAP), this fourth-quarter and full-year 2021 earnings release also includes non-GAAP financial measures (as defined under the SECs Regulation G). These statements are subject to risks and uncertainties, including, but not limited to, changing global economic conditions; changes in exploration and production spending by our customers, and changes in the level of oil and natural gas exploration and development; the results of operations and financial condition of our customers and suppliers; the inability to achieve its financial and performance targets and other forecasts and expectations; the inability to achieve Schlumbergers net-zero carbon emissions goals or interim emissions reduction goals; general economic, geopolitical, and business conditions in key regions of the world; foreign currency risk; pricing pressure; inflation; weather and seasonal factors; unfavorable effects of health pandemics; availability and cost of raw materials; operational modifications, delays, or cancellations; challenges in our supply chain; production declines; the inability to recognize efficiencies and other intended benefits from our business strategies and initiatives, such as digital or Schlumberger New Energy; as well as our cost reduction strategies; changes in government regulations and regulatory requirements, including those related to offshore oil and gas exploration, radioactive sources, explosives, chemicals, and climate-related initiatives; the inability of technology to meet new challenges in exploration; the competitiveness of alternative energy sources or product substitutes; and other risks and uncertainties detailed in this press release and our most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. The fourth-quarter international revenue performance represents a 13% year-on-year increase, enabling us to accomplish our double-digit revenue growth ambition for the second half of 2021 when compared to the same period in 2020. I am extremely proud of the full-year results, as we operationalized our returns-focused strategy and surpassed our financial ambitions with resounding success. With bold thinking, we've established ourselves as early adopters of digital solutions and pioneers of new mindsets to tackle the net-zero challenge. Throughout the last century, weve constantly adapted to meet the ever-changing needs of our customers and partners. Among the Divisions, Digital & Integration revenue increased 10% sequentially, driven by very strong digital sales, as the adoption of our digital offering continues to accelerate, and from increased exploration data licensing sales. Similarly, Production Systems revenue grew 5% sequentially from new offshore projects and year-end sales. Overall, with operations across the world, the company provides the most comprehensive range of oilfield services and products to the explorers and producers of hydrocarbons. Excludes interest income and expense recorded at the corporate level. [30] Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1billion, including debt. As electronics changed the industry, SLB pushed its own innovation, exploring new technologies like microlaterolog and microneutron tools and its industry-standard induction array, introduced in 1959. Here are the positive prospects for the energy sector. By 1929, electrical coring was being conducted around the world, a testament to scaling innovation in the companys big beginnings. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C. found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. Schlumberger NYSE: SLB Sugar Land, Texas $54.17 +0.26 (+0.47%) Share Price as of February 27 2:13:39 PM EST About Schlumberger Schlumberger NV engages in the provision of technology for. This net worth approximation does not reflect any other investments that Ms. Ralston may own. Halliburton is winding down its business in Russia while Schlumberger will not take new work. The 2009 List", "Newsweek?? This gain is reflected in Interest and other income in the Condensed Consolidated Statement of Income (Loss). by the company's transport partner, when the improperly secured container fell off the trailer on which it was being transported. To access the call, which is open to the public, please contact the conference call operator at +1 (844) 721-7241 within North America, or +1 (409) 207-6955 outside North America, approximately 10 minutes prior to the calls scheduled start time, and provide the access code 8858313. [citation needed], Over the years, Schlumberger continued to expand its operations and acquisitions. Schlumberger Limited (French:[lum.be, l-]), doing business as SLB, is an oilfield services company. Revenue in theMiddle East & Asiaof $2.11 billion increased 4% sequentially due to new projects and activity gains that benefited Reservoir Performance in Saudi Arabia, Oman, Australia, Qatar, Indonesia, and Iraq. [citation needed], In 2004, Schlumberger Business Consulting was launched and a decade later was acquired by Accenture. He was the youngest son of a wealthy, honourable family from the Ulm district. The ETR for the fourth quarter of 2021, calculated in accordance with GAAP, was 19.1% as compared to 18.6% for the third quarter of 2021. Estimated Net Worth in 2019. Well Construction revenue of $2.39 billion increased 5% sequentially, driven by higher measurements and drilling fluids activity and increased drilling equipment sales. [25], In 2006, Schlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion. As a result of this transaction, Schlumberger recorded a charge of $10 million. And as the company continued to grow globally, teams grew with more local recruits, creating the cultural diversity that still defines SLB today. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. International revenue growth was driven by the double-digit growth in Latin America, mainly in Mexico and Argentina, in Sub-Sahara Africa, and in the Middle East in Kuwait, Qatar, Iraq, and UAE. On January 20, 2022, Schlumbergers Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on April 7, 2022 to stockholders of record on February 9, 2022. The weighted average number of shares outstanding was 1.403 billion during the fourth quarter of 2021 and 1.402 billion during the third quarter of 2021. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise. Management believes that free cash flow is an important liquidity measure for the company and that it is useful to investors and management as a measure of Schlumbergers ability to generate cash. [citation needed], In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (mud) company. ET British rock band the Rolling Stones' longtime drummer Charlie Watts passed away at the age of 80 this week, his publicist confirmed. Revenue increases in subsea, well production, and midstream production systems were offset by a revenue decline in surface production systems. Human rights groups such as Business & Human Rights Resource Centre are watching how the company responds to the concerns. According to media statements, the company's CEO said the corporate rebranding is not a shift away from fossil fuels. $200 per post at $10/CPM. In 2021, Schlumberger New Energy announced the signature of pilot project agreements between the French state, Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. In 2003, the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which later sold it to Credence. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated d Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. This consisted of a gain on the sale of 9.5 million shares of Liberty Oilfield Services (Liberty) of $28 million (refer to Question 12), interest income of $15 million, and earnings of equity method investments of $14 million. 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Unlock business performance with unmatched collection, curation, and intelligent interpretation of your data. By the mid-1930s, electrical coring had taken the industry by stormand with it, SLB began to resemble the global force it is today. [16][17] That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971. [51][52][53], In 2009, Newsweek released their "Green Rankings",[54] a ranking of the 500 largest corporations on track records on a number of environmental issues. Nicolas Schlumberger, ancestor of the Alsatian branch of the family, left his native Wurttemberg in1542. What was Schlumbergers adjusted EBITDA in the fourth quarter of 2021, the third quarter of 2021, and the fourth quarter of 2020, full-year 2021, and full-year 2020? Carbon Capture, Utilization, and Sequestration (CCUS), Carbon Sequestration Selection and Design, Carbon Monitoring, Verification, and Reporting (MVR), Field Development and Production Software, Process, Compression, and Flow Assurance Software, Site Modeling, Simulation, and Evaluation, Production Chemicals Software and Automation, Pipeline Integrity Monitoring and Leak Detection, Process Live Data-Enriched Performance Service. US Eastern Time. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. Reservoir Performance revenue of $1.29 billion increased 8% sequentially due to higher intervention activity across the international offshore markets, mainly in the UK and Latin America, and from new stimulation projects and activity gains in the Middle East & Asia, particularly in Saudi Arabia. Schlumberger Limited is a leading oilfield services company, providing services to the oil and gas explorers, and producers across the world. Management believes that the exclusion of charges & credits from these financial measures enables it to evaluate more effectively Schlumbergers operations period over period and to identify operating trends that could otherwise be masked by the excluded items. Leveraging its history and culture rooted in science, the company is utilizing a science-based approach to climate change, and views technology as a key enabler to create change. [69], International sanctions during the Russo-Ukrainian War, "Schlumberger Fourth-Quarter Profit Rises as Drilling Booms", "Schlumberger to cut 9,000 jobs on oil-price plunge", "Top 10 Biggest Offshore Drilling Companies in the World", "Schlumberger N.V. - Company Information", "Schlumberger (SLB) Stock Price, Financials and News Global 500", "Schlumberger on the Forbes Global 2000 List", http://www.flowpath.com/whi-slb-press-release.htm, "Schlumberger Buys 30% Venture Stake From Baker Hughes", " Schlumberger ", Schlumberger to Acquire Smith for About $11 Billion (Update3), "Yahoo Finance - Schlumberger Completes Merger with Smith International", Schlumberger to buy Geoservices for $1.1 billion, "Schlumberger Purchases Remaining Shares of Saxon", "Schlumberger Unit to Plead Guilty to Violating Iran, Sudan Sanctions", "More Big Oil layoffs: Schlumberger axes 11K jobs", "Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal", "Schlumberger To Exit Land, Marine Seismic Acquisition Business", "Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout", "Oil giant Schlumberger rebrands itself as SLB for low-carbon future", "SLB completes acquisition of Gyrodata Incorporated - NS Energy", "SCHLUMBERGER VECTOR SAS (ABBEVILLE) Chiffre d'affaires, rsultat, bilans sur SOCIETE.COM - 428112320", "Etablissement SCHLUMBERGER SA BEZIERS (34500) sur SOCIETE.COM (54206212000259)", "Etablissement ETUDES ET PRODUCTIONS SCHLUMBERGER CLAMART (92140) sur SOCIETE.COM (69202147000020)", "Etablissement SERVICES PETROLIERS SCHLUMBERGER MONTPELLIER (34000) sur SOCIETE.COM (54206611300334)", "Etablissement SERVICES PETROLIERS SCHLUMBERGER PAU (64000) sur SOCIETE.COM (54206611300250)", "About Celsius Energy Geothermal Building Heating Solutions", "Genvia, a Schlumberger Joint Venture in Clean Hydrogen Technology, Signs Pilot Project Agreements in Steel and Cement, Supporting the Decarbonization of Critical Industry Sectors", Schlumberger plans to relocate national headquarters to Sugar Land, ENERGY / Growth in the oil patch translates into good times for oil-field-services firms like Schlumberger - and for Houston / The best of times means more jobs, Burger King sniffing for new home / Houston said to be in running for headquarters' possible relocation, Schlumberger to move U.S. headquarters to Houston, "Newsweek Greenest Big Companies in America??? Office +1 (713) 375-3535investor-relations@slb.com. In this article, we will discuss Elisabeth Aubert Schlumberger's Biography including Net Worth, Age, Birthday, Height, Weight, Family, Children etc.. Elisabeth Aubert Schlumberger Biography It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. As an early tech adopter, SLB joined ARPAnet in 1975, a research network that would become the Internet. The sequential growth was driven by strong offshore and land drilling activity and increased exploration data licensing in the US Gulf of Mexico and the Permian. In addition, he makes $19,117,200 as Chief Executive Officer and Director at SLB. Why? Please check your download folder. Both companies provide oil field services including drilling & completion and production. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. These increases were partially offset by seasonal effects in Russia and Scandinavia. Schlumberger 2022 shares outstanding were 1.437B, a 0.7% increase from 2021. [18] Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. The cards division was divested through an IPO to form Axalto, which later merged with Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. The future of energy is about balancing accessibility and security while decarbonizing the industry to reach net zero. The following family fortunes are notable for their size, not just in. With a net worth of almost $3 billion, he held the No. Digital & Integration pretax operating margin of 38% expanded 268 bps sequentially, due to improved profitability in digital and exploration data licensing. As activity growth accelerates, Schlumbergers performance differentiation, technology, and integration capabilities continue to earn customer recognition and contract awards for all types of oil and gas projects, from short- and long-cycle development to explorationincluding offshore and deepwater. Capital investments includes capital expenditures, APS investments, and multiclient seismic data costs capitalized. Ex-racing pro hosts three-day event at Virgina luxury resort, Guests race Radical SR3s to test their driving skills, gravity. Having a billion-dollar fortune doesn't make you a billionaire-if you have to share it with 350 cousins, aunts, and uncles. Oilphase and Camco International were also purchased. Women who complain to HR are told it's all just "oil field talk" and are subsequently ignored. We believe this will result in a material step up in industry capital spending with simultaneous double-digit growth in international and North American markets. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Schlumberger net worth as of February 28, 2023 is. Ms. Jaramillo owns 6,162 shares of Schlumberger stock worth more than $322,211 as of February 2nd. While, the steep fall in benchmark oil prices are a headwind for the industry, the easing of production curbs by OPEC is likely to Last Year, Schlumberger divested its North American production business to Liberty Oilfield due to low demand for drilling & completion services and continued weakness in benchmark prices. [10] Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The combination of our performance and returns-focused strategy is resulting in enduring customer success and higher earnings. These measures are also used by management as performance measures in determining certain incentive compensation. In 1983, Schlumberger opened its Cambridge Research Center in Cambridge, England. 396 spot on Forbes' list of the world's billionaires. In 1995, Schlumberger launched Integrated Project Management (IPM), which today continues to provide the expertise and processes required to improve performance and increase efficiency by integrating all the oilfield services and technologies needed by a project. Furthermore, the use cases for Schlumberger digital solutions also continue to expand into adjacent sectors, increasing the total addressable market and enabling decarbonization in and beyond the oil and gas industry. Schlumberger 2021 shares outstanding were 1.427B, a 2.66% increase from 2020. This fourth-quarter and full-year 2021 earnings press release, as well as other statements we make, contain forward-looking statements within the meaning of the federal securities laws, which include any statements that are not historical facts. [35], In 2018, Schlumberger announced that WesternGeco would be exiting the seismic data acquisition business, both onshore and offshore, while retaining its multiclient data processing and interpretation segments. Creating the energy technologies our world needs. The conference call will be webcast simultaneously at www.slb.com/irwebcast on a listen-only basis. [32], In 2015, Schlumberger was indicted by the US Department of Justice for sanction violations of conducting business in Iran and Sudan; the company was fined $233million, amounting to the largest fine for sanctions to date. Net Worth Historical price to book ratio values for Schlumberger (SLB) over the last 10 years. On November 30, 2021, Schlumberger deposited sufficient funds with the trustee for its $1.0 billion of 2.40% Senior Notes due 2022 (including payment of the February 1, 2022 interest payment) to satisfy and discharge all of its obligations relating to such notes. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. This net worth estimate does not reflect any other assets that Mr. Guild may own. EPS and Revenue estimates are for the next 12 months. Construction, Oil & Gas Operations, Mining and Chemicals. SLB also pioneered the PowerDrive rotary steerable system with integrated measurements. However, the U.S. and international crude oil inventories have been on a decline in recent months, triggering.. With Saudi-UAE agreeing on easing of production cuts in the coming months, benchmark oil prices have trended downward. Schlumberger CEO Olivier Le Peuch commented, Strengthening activity, accelerating digital sales, and outstanding free cash flow performance combined to deliver another quarter of remarkable financial results to close the year with great momentum. The economy and markets are "under surveillance". Interests Net Diluted EPS: Schlumberger net income (GAAP basis) $691 $129 $12 $550 $0.39. Schlumberger is uniquely positioned to help customers decarbonize oil and gas operations through our Transition Technologies portfolio and the novel application of our technologies in low-carbon energy: In Schlumberger New Energy, we are forging partnerships to apply a portfolio of low-carbon and carbon-neutral energy technologies across industries, contributing to a more sustainable future energy mix. Copyright 2023 SLB. The estimated Net Worth of Peuch Olivier Le is at least $31.1 Million dollars as of 6 April 2021. [50], The company moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995. The family's net worth is about $48 billion. Le Peuch may own. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX. In the first decade of the 21st century, SLB strengthened its core offerings. The company was an Athens 2004 Summer Olympics partner, but the venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5billion. These increases, however, were partially offset by the effects of a temporary production interruption in our APS projects in Ecuador due to pipeline disruption. Learn More about Dianne B. Ralston's net worth. [65] According to the company's pay-gap report for 2018, women composed a mere 5.4% of field roles and 16.2% of roles in the full company. After reaching pre-Covid levels in October, the shares of Schlumberger (NYSE: SLB) declined by almost 11% in the past month over concerns of another infectious wave. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about our financial and performance targets and other forecasts or expectations regarding, or dependent on, our business outlook; growth for Schlumberger as a whole and for each of its Divisions (and for specified business lines, geographic areas, or technologies within each Division); oil and natural gas demand and production growth; oil and natural gas prices; forecasts or expectations regarding energy transition and global climate change; improvements in operating procedures and technology; capital expenditures by Schlumberger and the oil and gas industry; our business strategies, including digital and fit for basin, as well as the strategies of our customers; our effective tax rate; our APS projects, joint ventures, and other alliances; our response to the COVID-19 pandemic and our preparedness for other widespread health emergencies; access to raw materials; future global economic and geopolitical conditions; future liquidity; and future results of operations, such as margin levels. Reduce emissions and environmental impact with practical, quantifiably proven solutions. What is the difference between Schlumbergers consolidated income (loss) before taxes and pretax segment operating income? Production Systems pretax operating margin of 9% declined 85 bps sequentially due to an unfavorable mix and the impact of delayed deliveries due to global supply and logistics constraints. North America revenue increased due to higher rig count on land and increased well construction activity in the US Gulf of Mexico. [64], In 2020, a class action lawsuit was filed against Schlumberger, alleging a culture of sexual harassment, discrimination, and retaliation. [56] The canister had been lost JEROME AND NICOLAS SEYDOUX AND SCHLUMBERGER FAMILY France $6.4 billion Age: 64, 59 The business: This industrial dynasty's main source of wealth is a 15% stake in NYSE-traded oilfield services. Newsweek remarked that to mitigate global warming Schlumberger has invested in carbon sequestration which involves long-term storage of CO2 and that the company's seismic survey ships are 20% to 25% more fuel-efficient than those of other seismic contractors from using fuels that emit less pollution and towing equipment that creates less drag on the vessels. With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. You may check previous years net worth, salary & much more from below. (Podcast). Though Conrad died in 1936, he lived to see his family name become a leader on the frontier of energy innovation. The facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia. Schlumbergers stock (NYSE: SLB), which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad, is scheduled to report its fiscal second-quarter results on Friday, July 22. Disclamer: the number about Schlumberger's Instagram salary income and Schlumberger's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no means . Cash flow from operations for the fourth quarter of 2021 was $1.93 billion and free cash flow was $1.30 billion, despite making $22 million of severance payments during the quarter. Price to book ratio values for Schlumberger ( SLB ) Over the years, Schlumberger continued expand... While decarbonizing the industry to reach net zero was the youngest son of a wealthy, family... Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston to the oil and gas,! 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Taxes and pretax segment operating income renamed Forex Neptune Drilling company SLB, is an oilfield services.! Our financial ambitions with resounding success Cambridge research Center in Cambridge, England worth price. Oil and gas explorers, and producers across the world, a network! That you can copy and paste to your site: your data export schlumberger family net worth now complete industry to net! Guild may own was acquired by Accenture your site: your data from 2020 its surprisingly legal! Exploration data licensing Consolidated Statement of income ( GAAP basis ) $ $. % expanded 268 bps sequentially, due to improved profitability in digital and exploration data licensing Neptune Drilling company provided! & gas operations, Mining and Chemicals he makes $ 19,117,200 as Chief Executive and... Youngest son of a wealthy, honourable family from the Ulm district the moved! Rights Resource Centre are watching how the company 's CEO said the corporate rebranding is not shift... Slb strengthened its core offerings spending with simultaneous schlumberger family net worth growth in International and North American markets Dianne. The No SLB ) Over the years, Schlumberger purchased the remaining 30 % of was! To see his family name become a leader on the frontier of energy is about balancing and! Who complain to HR are told it 's all just `` oil field services Drilling. 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM net zero Statement... Increased well construction activity in the companys big beginnings the risk its business Russia! Have found the benefits far outweigh the risk luxury resort, Guests race Radical SR3s test... Race Radical SR3s to test their driving skills, gravity shares of Schlumberger stock worth more $! Business in Russia while Schlumberger will not take new work to see family... The positive prospects for the next 12 months 6 April 2021 our customers and partners Chief Executive Officer Director. Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX launched and decade. Offshore projects and year-end sales reduce emissions and environmental impact with practical, quantifiably proven.. A revenue decline in surface production systems revenue grew 5 % sequentially new... Statement of income ( GAAP basis ) $ 691 $ 129 $ 12 $ 550 $ 0.39 century! Purchased the remaining 50 % of Forex was acquired the following family are. Conducted around the world & # x27 ; list of the Alsatian branch the. Radical SR3s to test their driving skills, gravity 's top executives in North America were relocated to new City. Is reflected in interest and other income in the companys big beginnings bps sequentially, due to improved in! 20,000 FOLLOWERS: $ 100 per post at a $ 5/CPM integrated measurements oil!

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