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Schlumberger Reviews

Houston, Texas

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SLB, formerly known as Schlumberger, is a prominent multinational technology company and stands as the world's leading supplier of technology, integrated project management, and information solutions to the international oil and gas exploration and production industry. Founded in France in 1926 as the Electric Prospecting Company by brothers Conrad and Marcel Schlumberger, the company pioneered wireline logging as a foundational technique for obtaining downhole data in oil and gas wells. Incorporated as SLB N.V. in Willemstad, Curaçao, the organization operates out of four principal executive offices located in Paris, France; Houston, Texas, United States; London, United Kingdom; and The Hague, Netherlands. The core operations of SLB are highly diversified across the upstream energy lifecycle, managing its comprehensive business through major segments: Reservoir Characterization, Drilling, Production, and Cameron. Through these product and technology lines, SLB supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing, directional drilling, well cementing, artificial lift, well completions, flow assurance, and sophisticated software and information management. As the world's largest offshore drilling company and leading offshore drilling contractor by revenue, the company has expanded its portfolio to include groundwater extraction, carbon capture and storage (CCS), and localized geothermal and hydrogen initiatives through subsidiaries like Celsius Energy and Genvia. Adapting to modern infrastructure and environmental demands, SLB has rapidly integrated advanced digital capabilities and artificial intelligence at scale, optimizing operations through its Software Integrated Solutions (SIS) division. This division delivers proprietary software, expert consulting, and IT infrastructure services tailored for reservoir characterization, field development planning, and production enhancement. Additionally, through business models like Integrated Project Management (IPM) and Schlumberger Production Management (SPM), the company establishes long-term co-management agreements with asset holders to maximize post-plateau production and optimize overall hydrocarbon recovery. Financially, SLB is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol SLB, and has historically maintained listings on Euronext Paris, the London Stock Exchange, and the SIX Swiss Exchange. The company ranks prominently on the Forbes Global 2000 list and continues to expand its market share via major strategic acquisitions, including the purchase of Gyrodata Incorporated in 2023 and rival firm ChampionX in an all-stock transaction valued at $7.75 billion. With a massive global footprint spanning more than 100 countries and employing over 111,000 personnel representing more than 140 nationalities, SLB values workforce diversity and innovation as its main operational strengths. Supported by a vast network of dedicated research and technology centers worldwide, the company remains focused on balancing global energy demands by decarbonizing the oil and gas industry while scaling new, low-carbon energy systems to accelerate the long-term energy transition to net zero.