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Schlumberger N.V. is a global oilfield services company operating within the Basic Materials sector, under the Oil & Gas Equipment and Services subsector. Founded by brothers Conrad and Marcel Schlumberger, the organization originated with a focus on applying electrical prospecting technology to the characterization of subsurface formations.
Its initial motivation centered on developing geophysical solutions capable of identifying petroleum resources with greater accuracy, enabling drilling operations that were more efficient, safer, and driven by technical data.
The portfolio includes reservoir characterization technologies, drilling (well construction), well intervention and stimulation, artificial lift systems, digital integration, technical software, consulting services, and project management. The company also provides carbon capture systems and low-emission technologies.
Operations are global, spanning more than 100 countries. Key regions include North America, Latin America, Europe, Africa, the Middle East, and Asia. Its service structure is organized into geographic markets (“GeoMarkets”) to deliver solutions tailored to regional operating environments.
Market drivers that influence its performance include exploration and production (E&P) investment cycles, international oil prices, demand for digitalization, environmental compliance requirements, and competition with other oilfield service providers. The energy transition and the adoption of low-emission technologies also exert significant influence.
The organization employs approximately 111,000 professionals worldwide. Its client base comprises global E&P companies, state-owned energy enterprises, and large independent operators active in multiple stages of the oil and gas value chain.
The operational structure is divided into four business units: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Corporate management is distributed across Paris, Houston, London, and The Hague, supported by research and development centers and operational facilities on several continents.
History and Foundation
The company was founded in 1926 in France, when Conrad and Marcel Schlumberger established the Société de Prospection Électrique, dedicated to applying electrical measurement techniques to geological and petroleum exploration.
In its early years, key challenges included improving measurement instruments, promoting commercial adoption of the technology, and scaling its operational reach. Initial achievements included pioneering resistivity logging methods that later became industry standards.
Expansion progressed over subsequent decades, marked by entry into new markets, diversification of drilling and production technologies, and the creation of specialized divisions in research, engineering, and integrated services.
Major milestones include its offer for public subscription (IPO) on the NYSE, the acquisition of Smith International in 2010, and structural adjustments aimed at reinforcing its technological position within the global energy sector. The adoption of the corporate name “SLB” signaled a strategic shift toward a broader energy-technology identity.
Between 2020 and 2024, relevant developments included strengthened decarbonization initiatives, investments in advanced digitalization, integration of artificial intelligence into operational workflows, expansion of low-emission projects, and an international restructuring of its operating model.
Additional Information
The Company Schlumberger N.V. (United States), is listed on NYSE with a market cap of $ 48.93 Billions, having an equity of $ 26.92 Billions.
With a total of 86.000 employees, the company is listed in the sector of Energy and categorized in industry of Oil Well Services and Equipment.
In the last 12 months the Company had a revenue of $ 35.25 Billions, which generated a profit in the amount of $ 3.65 Billions.
As for its main indicators, the Company has a P/E ratio of 13.42, a P/BV ratio of 1.82 and in the last 12 months the dividend yield of SLB was at 3.12%.
The Company is traded internationally through the ticker SLB.
