Schlumberger (NYSE:SLB) is a leading global provider of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. Founded in 1926 by brothers Conrad and Marcel Schlumberger, the company pioneered electrical resistivity well logging, evolving over nearly a century into a comprehensive technology and services organisation. Headquartered in Houston, Paris and London, Schlumberger employs a diverse workforce spanning more than 120 countries, serving national oil companies, independents and integrated energy firms.
The company’s operations are organized into key business segments that encompass the full lifecycle of hydrocarbon development. Its Reservoir Characterization Group delivers seismic acquisition, imaging and interpretation, as well as logging and formation evaluation solutions. The Drilling Group provides services and tools for directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD) and managed pressure drilling. The Production Group offers well construction, completion technologies, artificial lift systems and production enhancement services. Additionally, the Cameron business—acquired in 2016—supplies flow-control equipment, surface and subsea production systems.
Schlumberger combines its traditional oilfield services portfolio with digital innovations through its DELFI cognitive E&P environment and a suite of software, digital subsurface and production offerings. Leveraging advanced analytics, cloud computing and machine learning, the company helps clients optimize field development, reduce operating costs and improve safety. Its research centres and innovation hubs focus on developing next-generation technologies in areas such as robotics, nanotechnology and low-carbon solutions, underscoring Schlumberger’s commitment to energy transition and sustainable operations.
Under the leadership of Chief Executive Officer Olivier Le Peuch, appointed in August 2019, Schlumberger has continued to strengthen its technological edge and operational resilience. The executive team includes experienced professionals overseeing finance, human resources, digital transformation and global operations. Through ongoing investments in R&D and strategic partnerships, Schlumberger aims to address evolving industry challenges while maintaining its position at the forefront of oilfield services and digital energy solutions.
