# Schlumberger **Source:** https://geo.sig.ai/brands/schlumberger **Vertical:** Energy & Utilities **Subcategory:** Oilfield Services **Tier:** Leader **Website:** schlumberger.com **Last Updated:** 2026-04-14 ## Summary Schlumberger / SLB (SLB) reported ~$36.3B revenue in FY2024. World's largest oilfield services company providing drilling, completion, production, and digital solutions globally. HQ: Houston / Paris. ## Company Overview SLB (formerly Schlumberger) is the world's largest oilfield services company, providing technology, information solutions, and integrated project management services for the global oil and gas industry. Founded in 1926 by brothers Conrad and Marcel Schlumberger, who pioneered electrical resistivity logging to identify oil-bearing rock formations, the company has grown into a comprehensive oilfield technology provider with operations in over 120 countries. In 2022, the company rebranded to SLB to signal its transformation beyond its oilfield services heritage. SLB reported approximately $36.3 billion in revenue in FY2024, with four segments: Digital & Integration (data analytics, cloud software for operators), Reservoir Performance (characterization and stimulation), Well Construction (drilling systems, fluids, bits), and Production Systems (artificial lift, processing equipment). The company's digital strategy — Delfi cognitive E&P platform, OSDU data standards, and AI-driven reservoir simulation — is differentiating SLB from pure equipment and services competitors, moving toward high-margin software and data subscriptions. SLB is positioned at a critical juncture: near-term oilfield services demand is robust driven by international upstream investment growth, while the energy transition is creating demand for carbon capture, geothermal energy, and hydrogen infrastructure where SLB's subsurface expertise translates directly. The company's New Energy business is investing in geothermal (with Nabors Industries joint venture Borealis), hydrogen, and carbon capture technology, aiming to apply its oilfield expertise to clean energy resource extraction. ## Frequently Asked Questions ### What does SLB (Schlumberger) do? SLB is the world's largest oilfield services company, providing drilling technology, reservoir characterization, completion services, production equipment, and digital software that help oil and gas companies discover, develop, and produce hydrocarbons more efficiently. ### Why did Schlumberger rebrand to SLB? The 2022 rebrand to SLB reflects the company's strategic expansion beyond traditional oilfield services into digital solutions, new energy technologies (geothermal, carbon capture), and integrated project management — positioning as a technology company that serves energy broadly. ### What is SLB's ticker? SLB trades on the NYSE under the ticker SLB. It is one of the largest companies in the energy sector by market capitalization. ### What digital products does SLB offer? SLB's Delfi platform is a cloud-based E&P collaboration environment built on Microsoft Azure that integrates seismic data, well logs, and production data using AI to improve subsurface modeling and reservoir management decisions for oil and gas operators. ### What is SLB's new energy business? SLB's new energy portfolio includes carbon capture and storage (CCS) technology, geothermal energy development, and hydrogen production solutions — applying subsurface expertise developed for oil and gas to clean energy applications. SLB participates in multiple carbon capture projects globally, leveraging its reservoir characterization and well engineering capabilities. ### How has SLB's financial performance trended? SLB reported approximately $36.3B in revenue for FY2024. International oilfield services demand has remained robust despite energy transition, as oil and gas producers invest in efficiency and production capacity outside North America. SLB's technology differentiation commands premium pricing in complex deepwater and unconventional reservoir markets. ### What is SLB's competitive position versus Halliburton and Baker Hughes? SLB is the largest oilfield services company globally, with particular strength in complex deepwater, international, and integrated project management. Halliburton leads in North American pressure pumping (hydraulic fracturing). Baker Hughes competes across all services and has a strong industrial technology segment. SLB's scale and technology depth give it a differentiated position in high-complexity international markets. ### What is SLB's Production Management business? SLB's Production Management division operates oil and gas fields on behalf of national oil companies under integrated contracts where SLB is paid based on production achieved rather than services delivered — giving SLB an equity-like exposure to field performance and aligning its incentives with maximizing operator production outcomes. ## Tags energy, public, b2b --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*