Schlumberger Net Worth is23.4 12-Month Sales Growth (%)
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Company Name: Schlumberger Limited
Company Type: Public
Traded As: SLB
Foundation: 1926
Location: Houston, Texas"[ contacts.asp Investor Contacts]." ''Schlumberger''. Retrieved on January 13, 2009.
Key People: Chief executive officer: Paal Kibsgaard, Chief Financial Officer: Simon Ayat
Num Employees: 115,000+
Industry: Oilfield services & equipment
Revenues: url
Net Income: url
Operating Income: url
Products: Oilfield services
Homepage: []
Schlumberger Limited is the world's largest oilfield services company. Schlumberger employs over 115,000 people of more than 140 nationalities working in approximately 85 countries. Its principal offices are in Houston, Paris, and the Hague.
Schlumberger was founded in 1926 by French brothers Conrad and Marcel Schlumberger as the SociA(C)tA(C) de prospection A(C)lectrique (French: Electric Prospecting Company). The company recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. Today Schlumberger supplies the petroleum industry with services such as seismic acquisition and processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The company is also involved in the groundwater extraction and carbon capture and storage industries.
The brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo, and the United States. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. The company quickly expanded, logging its first well in the U.S. in 1929, in Kern County, California. In 1935, the Schlumberger Well Surveying Corporation was founded in Houston, later evolving into Schlumberger Well Services, and finally Schlumberger Wireline & Testing. Schlumberger invested heavily in research, inaugurating the Schlumberger-Doll Research Center in Ridgefield, Connecticut in 1948, contributing to the development of a number of new logging tools. In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger businesses, which by now included American testing and production company Johnston Testers.[citation needed]
Over the years, Schlumberger continued to

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Schlumberger Latest News

Why Schlumberger's Stock Is Down Despite A Rebound In Oil Prices

2017 began on a solid note for the oil and gas industry, as commodity prices showed signs of recovery on the back of 1.8 million barrels per day (bpd) of production cuts implemented by the Organization of Petroleum Exporting Countries and some Non-OPEC ...
Posted: December 6, 2017, 1:09 pm

Slumping Industry Group Rank Keep Schlumberger (SLB) a Sell

Schlumberger NV (NYSE:SLB) is one of 73 companies within the Energy Equipment & Services GICS industry group, which is in turn part of the 362 company GICS Energy sector. SLB's market value is $89.7 billion which falls in the top decile in its industry group.
Posted: December 8, 2017, 8:00 am

What Are Schlumberger’s SPM Project Plans?

Between November 29, 2015, and November 29, 2017, Schlumberger’s (SLB) stock price was at its highest in January 2017. Since then, SLB’s stock price has fallen nearly 29%. Since November 30, 2016, SLB has fallen ~26%. We have already discussed ...
Posted: December 4, 2017, 1:20 pm
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