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Schlumberger (SLB) closed the most recent trading day at $35.85, moving -0.94% from the previous trading session.
In this article we will analyze whether Schlumberger Limited. (NYSE:SLB) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas.
Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
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Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. He became its CEO in August 2011, succeeding Andrew Gould, who retired as chairman and CEO. He was replaced by Olivier Le Peuch in August 2019. Under his leadership, the company laid off approximately 70,000 employees in less than three years.
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Techlog is a Schlumberger owned Windows based software platform intended to aggregate all the wellbore information. It allows the user to interpret any log and core data. It addresses the need for a single platform able to support all the wellbore data and interpretation integration workflows, reducing the need for a multitude of highly specialized tools.