Company description

The company with the ticker SLB, also known as Schlumberger Limited, is a leading multinational oilfield services company headquartered in Houston, Texas. The company was founded in 1926 by Conrad and Marcel Schlumberger and has since grown to become one of the largest oilfield service providers in the world. Schlumberger operates in over 120 countries and has more than 100,000 employees. The company provides a wide range of products and services to the oil and gas industry, including exploration, drilling, production, and reservoir management. They also offer technology solutions such as software, sensors, and data analytics to help their clients optimize their operations and improve efficiency. Despite facing challenges in recent years due to the decline in oil prices, Schlumberger has remained a strong and resilient company. They have maintained a strong focus on research and development, investing in new technologies that meet the evolving needs of their clients and the ever-changing industry. In addition to their commitment to technological innovation, Schlumberger places a high emphasis on sustainability. They have implemented various initiatives to reduce their environmental impact and promote responsible business practices. Schlumberger operates through four business segments: Reservoir Characterization, Drilling, Production, and Cameron. Each segment provides specialized services and products that cater to the different needs of oil and gas companies. With a strong global presence, a dedication to innovation and sustainability, and a diverse range of offerings, Schlumberger continues to be a leader