Welcome to our dedicated page for CGG news (Ticker: CGG), a resource for investors and traders seeking the latest updates and insights on CGG stock.
CGG (www.cgg.com) is a global technology leader, specializing in providing cutting-edge data, products, services, and solutions in the realms of Earth science, data science, and sensing and monitoring. Headquartered in Paris, France, CGG is renowned for its high-performance computing (HPC) capabilities, supporting clients in efficiently addressing complex challenges across digital transformation, energy transition, natural resource management, environmental sustainability, and infrastructure development.
Employing approximately 3,400 people worldwide, CGG is listed on the Euronext Paris SA (ISIN: 0013181864). The company’s diverse portfolio is designed to deliver robust and reliable solutions tailored to meet the evolving needs of its clientele, ensuring maximum productivity and reduced downtime even in the harshest environments.
In a notable recent development, Sercel, CGG's Sensing & Monitoring division, announced its first major sale of the 528™ cable-based land acquisition system to the Turkish Petroleum International Corporation (TPIC). This advanced system, comprising 8,000 channels, will be deployed in a 3D seismic survey in Turkey’s challenging semi-arid terrain, with the survey slated to commence in Q3 2024. The 528™ system, known for its lightweight and low power consumption, exemplifies Sercel’s commitment to enhancing client ROI through innovative technology.
CGG's recent financial news highlights robust performance with first-quarter 2024 segment financial results showcasing substantial progress. Adjusted for non-recurring charges and gains, the financial statements reflect the company's strategic investments and operational efficiency.
For more details on CGG’s AI Cloud offering and other solutions, visit their official website. Stay updated with the latest news and developments to understand how CGG is shaping the future of technology and sustainability.
CGG has announced that it will release its first quarter 2023 financial results on May 3rd, 2023, after market close. This release will be accompanied by a conference call at 6:30 PM CET, which interested participants can register for via a specified link. The financial results presentation will be accessible on CGG's website at 5:45 PM CET on the same day. Additionally, a replay of the conference call will be available for 12 months afterward. CGG, a prominent player in Earth science and data solutions, employs approximately 3,300 people worldwide and is listed on Euronext Paris SA.
CGG has announced the details for its Combined General Meeting scheduled for May 4, 2023, at 10:30 AM in Paris, France. The meeting will be held at Espace Verso, located at 52 rue de la Victoire. The official meeting notice was published in the Bulletin des Annonces Légales Obligatoires on March 27, 2023, which includes the meeting agenda and voting procedures.
Shareholders can access preparatory documents related to the meeting on the company's website, ensuring compliance with French commercial laws. The convening notice will also be published in the BALO on April 17, 2023.
CGG, a French société anonyme, reported its total number of issued shares and voting rights as of March 31, 2023. The company has 712,381,115 issued shares, with a total of 714,277,433 actual voting rights and 714,302,429 theoretical voting rights. It is important to note that all shares carry the same voting rights except for treasury shares and registered shares held for over two years, which have double voting rights. This information is shared in compliance with Article L. 233-8 II of the French Commercial Code and is crucial for investors monitoring stockholder equity.
CGG has filed its 2022 Universal Registration Document with the French Financial Markets Authority on March 16, 2023. This document, presented in ESEF format, includes key components such as the annual financial report, the Board of Directors’ report on corporate governance, a description of the share buyback program, and the management report detailing non-financial performance. The document is publicly accessible under regulatory conditions and can be found on CGG’s website. This filing highlights CGG's commitment to transparency and compliance within the financial market.
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