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Company: SLB



Overview


SLB, formerly known as Schlumberger, is a global technology company dedicated to driving energy innovation to balance planetary needs. The company's operations encompass several core areas that facilitate a lower-carbon future and optimize energy production.

Core Competencies


  • Decarbonizing Industry: Specializes in methane emissions management, flaring reduction, and carbon capture, utilization, and sequestration (CCUS).

  • Innovating in Oil and Gas: Offers services and products aimed at enhancing reservoir characterization, drilling, production, and processing.

  • Scaling New Energy Systems: Provides solutions to accelerate the transition to low-carbon energy, including geothermal energy, energy storage, hydrogen, and lithium production.

  • Delivering Digital at Scale: Utilizes cutting-edge technologies such as artificial intelligence, data analytics, and IoT to enable smarter and faster decision-making in energy operations.


Key Offerings


  • Products and Services: Includes well construction, production systems, drilling fluids, drilling software, completion tools, and artificial lift.

  • Digital Solutions: Offers advanced software and data management systems for optimized operations and enhanced production insights.

  • Sustainable Energy: Focuses on initiatives targeting emissions reduction and innovative solutions for renewable energy sources like geothermal and hydrogen production.


Recent Achievements


  • Breakthrough in Sustainable Lithium Production (September 2024)

  • New Carbon Storage Well Integrity Assessment Solution (August 2024)

  • Ocean Wave Energy Exploration with C-Power (September 2024)


Leadership Team


  • Olivier Le Peuch, Chief Executive Officer: CEO since August 2019, with previous roles including Chief Operating Officer and EVP of Reservoir & Infrastructure. Based in Houston.

  • Stephane Biguet, Executive Vice President and Chief Financial Officer: CFO since January 2020, former roles include Vice President of Finance and Treasurer. Education from Université Paris Dauphine. [LinkedIn](https://www.linkedin.com/in/stephanebiguet)





Strategic Goals


  • Drive Decarbonization: Aims to achieve significant emissions reductions and support the global transition to sustainable practices.

  • Expand Digital & AI Solutions: Focuses on enhancing decision-making and operational efficiencies through advanced digital technologies.

  • Scale Renewable Energy Initiatives: Seeks to cement leadership in geothermal, hydrogen, and other emerging sustainable energy fields.


Contact Information






Competitor Profiling for Schlumberger Limited (SLB)



Overview


Schlumberger Limited (SLB) is a prominent global technology company in the energy sector, recognized for its comprehensive portfolio of solutions spanning reservoir characterization, drilling, production, and processing. Founded in 1926, SLB operates through four primary divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company is headquartered in Houston, Texas, and led by CEO Olivier Le Peuch.

Business Divisions and Services


1. Digital & Integration: Leverages digital technologies to offer integrated services.
2. Reservoir Performance: Provides solutions aimed at optimizing reservoir performance through advanced characterization and production techniques.
3. Well Construction: Covers drilling services, well construction, and related technologies.
4. Production Systems: Involves manufacturing and services tailored to the production and processing stages in the energy lifecycle.

Industry Position


  • Market Position: Recognized as the largest offshore drilling contractor by revenue, SLB has been pivotal in advancing energy innovation and balancing traditional and sustainable energy solutions.


Key Competitors



1. Halliburton Company: Founded in 1919 and headquartered in Houston, Texas. Halliburton provides a wide range of products and services across the exploration, development, and production stages of the energy sector.
2. Baker Hughes Company: Known for its cutting-edge energy technologies, Baker Hughes operates across oilfield services and industrial applications with two main segments: Oilfield Services & Equipment (OFS&E) and Industrial & Energy Technology (IET).
3. Weatherford International: A global oilfield service provider known for its innovative digital solutions, operating in approximately 75 countries.
4. TechnipFMC: Offers integrated subsea and surface solutions, focusing on reducing carbon intensity while delivering efficient project solutions.
5. NOV Inc. (formerly National Oilwell Varco): Specializes in energy equipment manufacturing, providing solutions for drilling, production, and energy transition initiatives.

Recent Achievements and Innovations


  • SLB Accelerated Time to Market: Initiatives designed to speed up innovations and reduce time to market for new technologies.

  • Sustainable Energy Future: Actively promotes sustainability through advanced technological solutions aimed at minimizing environmental impact.


Financial Overview


SLB is publicly traded and consistently reports robust financial performance, reflecting its strong market position and ongoing investments in technology and sustainability.