Schlumberger Ltd SLB

Schlumberger Limited is a technology company that operates worldwide. It provides solutions for reservoir characterisation, drilling, production, and processing to the oil and gas industry. Founded in 1926, Schlumberger has its headquarters in Houston, Texas.

Formerly known as Société de prospection électrique, Schlumberger operates its business through four segments: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Through its Digital & Integration segment, the company offers an integrated offering of software and seismic technologies as Asset Performance Solutions. The company's Reservoir Performance segment handles the development and deployment of technologies and services to evaluate, intervene, and stimulate reservoirs in an effort to help customers understand subsurface assets and maximise their value. Schlumberger's Well Construction segment provides services and products related to designing and constructing a well, while the Production Systems segment provides equipment and services that include subsurface production systems, and subsea and surface equipment and services.

Stock for Schlumberger is listed on the NYSE under the ticker SLB. As of December 2021, the company maintains operations across more than 120 countries. On 7 September 2021, Schlumberger announced the acquisition of Independent Data Services (IDS), a producer of automated reporting software. The acquisition is expected to expand Schlumberger's solutions portfolio.

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