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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.
Schlumberger announced in August 2015 that it was acquiring Cameron and OneSubsea for $14.8 billion. [ 13 ] In July 2024, it was announced that OneSubsea was awarded the contract to frond-end design an all electric subsea tree project from Equinor called Fram-Sør.
Original Cameron Iron Works Building. On the National Register of Historic Places Park Towers South, which was the former headquarters of Cameron. Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The two largest companies in this sector are Schlumberger with a 2007 year-end market cap of US$117.6 billion and Halliburton with a 2007-year end market cap of US$33.4 billion. According to Mr Chen, US firms tend to be the most expensive with enterprise values running two to three times book values , compared with one or less in Europe and Asia.
He has worked for Schlumberger for 32 years (as of July 2019), rising to chief operating officer (COO) in February 2019, before succeeding Paal Kibsgaard as CEO on 1 August 2019. [ 2 ] [ 5 ] [ 4 ] In 2023, Le Peuch's total compensation from Schlumberger was $17.2 million, representing a CEO-to-median worker pay ratio of 154-to-1.
Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. [3] In May 2006, Schlumberger bought out Baker Hughes' 30% stake for a reported $2.4 billion, making WesternGeco one of its subsidiaries.
Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. [2] He became its CEO in August 2011, [4] succeeding Andrew Gould, who retired as chairman and CEO. [5] He was replaced by Olivier Le Peuch in August 2019. [6] Under his leadership, the company laid off approximately 70,000 employees in less than three years. [7]