Schlumberger (SLB)
Schlumberger (SLB)
SLB (formerly Schlumberger) is the largest oilfield services company.
Top 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
33135
The world’s biggest oilfield services company has no plans to exit Russia two years after Moscow’s full-scale invasion of Ukraine, despite western pressure to curb the flow of petrodollars to the Kremlin’s war machine. Olivier Le Peuch, chief executive of SLB, told the Financial Times the company had taken no decision on whether to follow its two biggest rivals Baker Hughes and Halliburton in selling its Russia operations and is honouring its contracts with customers.
The Company Statement
July 14, 2023
Initially promised to suspend investment and technology deployment to its Russia operations. But the company increased its market share in Russia and is expanding. The National Agency for the Prevention of Corruption (NACP) has included the leading global oil company SLB (formerly Schlumberger), headquartered in the USA, on the list of international sponsors of the war. On July 14, 2023 SLB announced that it is halting shipments of products and technology into Russia from all SLB facilities worldwide in response to the continued expansion of international sanctions. SLB-based oilfield services provider SLB has said it has no current plans to end its operations in Russia despite the ongoing conflict with Ukraine and resulting Western pressure. The world's largest oilfield services company SLB is expanding in Russia after its main Western competitors exited the market in the wake of a full-scale invasion of Ukraine.
October 20, 2024 | The US Congress has demanded tougher sanctions against the Russian oilfield services industry, as one of the American companies continues to supply Russia |
August 16, 2024 | New Deals, Hiring: US Oilfield Services Group SLB Expands in Russia After Rivals Exit |
August 15, 2024 | Top US oil group expands in Russia as rivals pull out |
March 26, 2024 | SLB to maintain Russia presence amidst industry exits |
March 25, 2024 | World’s largest oilfield services group has no plans to leave Russia |
September 07, 2023 | Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion |
September 05, 2023 | Schlumberger Exports into Russia |
July 17, 2023 | Oilfield firm SLB halts all shipments to Russia - Hellenic Shipping News Worldwide |
July 14, 2023 | Oilfield firm SLB halts all shipments to Russia - Reuters |
July 14, 2023 | The largest oilfield services company has stopped deliveries to Russia |
May 10, 2023 | Exclusive: Oilfield firm SLB retrenches as Russia sanctions squeeze |
May 07, 2023 | World’s largest oilfield firm SLB included in the list of international war sponsors |
May 06, 2023 | As oilfield service companies left Russia after Ukraine invasion, Houston's SLB stayed - and profited |
April 27, 2023 | Letter sent by B4Ukraine to SLB (no response provided) |
April 19, 2023 | SLB wins Russia business as oilfield rivals exit after Ukraine invasion |
April 10, 2023 | SLB Isn’t Going Anywhere |
April 07, 2023 | SLB (former Schlumberger) - International sponsor of war | War and sanctions |
November 01, 2022 | Letter sent by B4Ukraine to Schlumberger (no response provided) |
October 14, 2022 | Schlumberger faces employee backlash in Russia over draft cooperation |
March 18, 2022 | Schlumberger Announces Update on Russia Operations |
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