Schlumberger (NYSE:SLB) (NYSE: SLB) is a leading global provider of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The company offers a comprehensive range of products and services that span the entire lifecycle of an oil or gas well—from exploration and initial drilling through production and decommissioning. Key offerings include wireline and slickline logging tools, drilling management software, well completion systems, production optimization solutions and digital platforms designed to enhance operational efficiency and data-driven decision-making.
Founded in 1926 by brothers Conrad and Marcel Schlumberger as Société de Prospection Electrique, the company pioneered electrical resistivity logging to profile subsurface formations. Over the decades, Schlumberger has expanded through both organic innovations and strategic acquisitions, evolving into a diversified oilfield services specialist. Its technological portfolio now encompasses advanced seismic imaging, measurement-while-drilling (MWD) systems, automated drilling rigs and cloud-based analytics that leverage artificial intelligence and machine learning.
Headquartered in Houston, Texas, with additional corporate offices in Paris and key operational centers in the Middle East, Asia, Africa and Latin America, Schlumberger maintains a presence in more than 120 countries. This broad geographic footprint allows the company to serve national oil companies and international oil majors alike, tailoring solutions to diverse geological settings—from deepwater offshore fields in the Gulf of Mexico to onshore shale plays in North America and remote desert operations in the Middle East.
Since August 2019, Olivier Le Peuch has served as Chief Executive Officer, guiding Schlumberger through a period of digital transformation and industry volatility. Under his leadership, the company has placed an increased emphasis on sustainability initiatives, operational efficiency and the development of low-carbon technologies, positioning itself to meet evolving energy demands while reducing the environmental impact of oil and gas operations.
