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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.
Pierre Schlumberger was born in 1914, the son of Marcel Schlumberger, a mechanical engineer, and his wife Jeanne Laurans. [1] Marcel co-founded Schlumberger in the 1920s with his brother, Conrad, a physicist. [1] Pierre was the brothers' only male heir.
Jean Riboud (15 November 1919 – 20 October 1985) was a French socialist, corporate executive and the chairman of Schlumberger, [1] the largest oilfield services company in the world. [2] He was a member of the French Resistance during World War II and suffered incarceration in Buchenwald concentration camp of the Nazis. [3]
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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.
Schlumberger (SLB) delivered earnings and revenue surprises of 15.38% and 2.26%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?