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

Schlumberger Net Worth, 3.7 out of 5 based on 3 ratings

Schlumberger Latest News

The Zacks Analyst Blog Highlights: Microsoft, Advanced Micro Devices, PayPal and Schlumberger

After the bell Thursday, several companies have reported quarterly earnings results, including Microsoft (NASDAQ:MSFT – Free Report), Advanced Micro Devices (NYSE:AMC –Free Report), PayPal (NASDAQ:PYPL – Free Report) and Schlumberger (NYSE:SLB ...
Posted: October 21, 2016, 7:38 am

Despite Strong Earnings, Schlumberger Slogs Along With Sluggish Sales

Top oilfield services provider Schlumberger Ltd. (NYSE:SLB) reported a strong third quarter after the markets closed Thursday, with earnings of 25 cents per share vs. analyst consensus of around 22 cents and better-than-expected margins in each of its four ...
Posted: October 21, 2016, 9:19 am

Schlumberger welcomes the return to balance

HOUSTON, Oct. 21 (UPI) --Echoing sentiments from some of its customers, oilfield services company Schlumberger said the oil market is in balance and recovery is on the way. "After calling the bottom of the cycle in the second quarter of this year, our ...
Posted: October 21, 2016, 3:23 am
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