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SLB, formerly known as Schlumberger Limited, is a global technology company dedicated to advancing energy innovation and supporting the energy transition. Operating in over 100 countries, SLB is organized into four main divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems . The company offers a range of products and services designed to enhance energy efficiency, optimize reservoir productivity, and improve well and production systems . In 2023, SLB's international operations represented a significant portion of its revenue, underscoring its global reach .
- Reservoir Performance - Focuses on reservoir-centric technologies and services to optimize reservoir productivity and performance, developing technologies for evaluating, intervening, and stimulating reservoirs to maximize return on investment .
- Well Construction - Offers a comprehensive portfolio of products and services aimed at optimizing well placement and performance, maximizing drilling efficiency, and improving wellbore assurance .
- Production Systems - Develops technologies and provides expertise to enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries, including artificial lift, completions equipment, surface systems, valves, processing solutions, and OneSubsea integrated solutions for the subsea market .
- Digital & Integration - Combines SLB's digital solutions and data products with its Asset Performance Solutions (APS) to enhance performance by reducing cycle times, accelerating returns, and lowering costs and carbon emissions, including digital solutions, exploration data, and data processing services .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Abdellah Merad Executive | EVP, Core Services and Equipment | None | EVP since April 2022, with 26 years at SLB. Focused on operational excellence and sustainability. | |
Carmen Rando Bejar Executive | Chief People Officer | None | Chief People Officer since April 2022, leading recruitment and diversity initiatives. | |
Demosthenis Pafitis Executive | Chief Technology Officer (CTO) | None | CTO since February 2020, driving SLB's technological advancements and digital transformation. | |
Dianne Ralston Executive | Chief Legal Officer and Secretary | None | CLO since December 2020, responsible for legal and corporate governance matters. | |
Gavin Rennick Executive | President, New Energy | None | President since April 2022, focusing on decarbonization and clean energy technologies. | |
Howard Guild Executive | Chief Accounting Officer (CAO) | None | CAO since July 2005, overseeing accounting operations and compliance. | |
Kevin Fyfe Executive | Vice President and Treasurer | None | VP and Treasurer since July 2022, previously VP and Controller. | |
Khaled Al Mogharbel Executive | Executive Vice President, Geographies | None | EVP since July 2020, with extensive operational experience in global markets. | |
Olivier Le Peuch Executive | Chief Executive Officer (CEO) | None | CEO since August 2019, with over 35 years at SLB in various leadership roles. Focused on energy transition and technology differentiation. | View Report → |
Rakesh Jaggi Executive | President, Digital and Integration | None | President since April 2023, previously SVP of Sales & Commercial. | |
Stephane Biguet Executive | Executive Vice President and CFO | None | CFO since January 2020, previously VP of Finance. Oversees financial operations and compliance. | |
Ugo Prechner Executive | Vice President and Controller | None | VP and Controller since August 2022, with prior roles in financial management. | |
Vijay Kasibhatla Executive | Director of Mergers and Acquisitions | None | Director since January 2013, leading M&A activities. | |
Jeff Sheets Board | Independent Director | Director at Enerplus Corporation and Westlake Corporation | Director since 2019, former CFO of ConocoPhillips, with expertise in finance and capital management. | |
Jim Hackett Board | Independent Chair of the Board | Chair of NuScale Power, Director of Enterprise Products Holdings, Director of Fluor Corporation | Independent Chair since July 2023, with extensive leadership experience in the energy sector. | |
Maria Moræus Hanssen Board | Independent Director | Director at Scatec ASA, Kosmos Energy, and Å Energi | Director since 2020, former CEO of DEA Deutsche Erdoel AG, with expertise in energy transition. | |
Miguel Galuccio Board | Independent Director | Chairman and CEO of Vista, Chairman of GRIDX | Director since 2017, former SLB executive, with expertise in energy exploration and production. | |
Patrick de La Chevardière Board | Independent Director | Chair of Audit Committee at Michelin | Director since 2019, former CFO of TotalEnergies, with expertise in finance and energy markets. | |
Peter Coleman Board | Independent Director | Chair of Arcadium Lithium, Chair of Infinite Green Energy, Chair of H2EX, Chair of DIRECT Infrastructure | Director since 2021, former CEO of Woodside Petroleum, with expertise in energy transition and governance. | |
Samuel Leupold Board | Independent Director | Chair of Corio Generation, Director of Axpo Holding AG | Director since 2021, former CEO of Ørsted Wind Power, with expertise in renewable energy. | |
Tatiana Mitrova Board | Independent Director | Research Fellow at Columbia University, Visiting Professor at Paris School of International Affairs | Director since 2018, with expertise in energy markets and sustainability. | |
Ulrich Spiesshofer Board | Independent Director | Senior Advisor at Blackstone, Director at Infineon Technologies | Director since 2021, former CEO of ABB Ltd., with expertise in industrial and digital transformation. | |
Vanitha Narayanan Board | Independent Director | Director at ReNew Energy Global and HCL Technologies | Director since 2021, former Chairman of IBM India, with expertise in technology and digital transformation. |
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Given the cautious approach to discretionary short-cycle spending and the expectation of low to mid-single-digit growth in international upstream spending in 2025, how confident are you in delivering further margin expansion, and what specific strategies will you employ to achieve this in a potentially flat revenue environment?
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With the integration of ChampionX now anticipated to close in the first quarter of 2025, have any new challenges emerged that could impact the expected synergies, and can you provide more detail on how this acquisition will enhance your financial performance amidst evolving market conditions?
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Considering the ongoing pressures from commodity price fluctuations and concerns over an oversupplied market, how are you adjusting your strategy in North America where activity remains constrained, and what specific measures are you taking to mitigate the impact on your revenues and margins in this region?
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Your digital business has shown strong growth, but as upstream spending potentially slows, how sensitive is your digital revenue growth to reductions in upstream investment, and can you quantify the potential impact on your digital growth trajectory?
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With the planned sale of the Palliser asset, which contributes approximately $500 million in annual revenue, how do you plan to offset the loss of this revenue in the long term, and what impact will this divestment have on your production capacity and earnings volatility?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
ChampionX Corporation | 2024 | SLB’s all-stock acquisition of ChampionX has a total enterprise value of $8.2 billion, with ChampionX shareholders receiving 0.735 SLB shares per common share, resulting in a 14.7% premium to their closing price, and post-transaction, they will hold approximately 9% of SLB’s stock. This move strengthens SLB’s position in the production stage of oil and gas, integrating ChampionX’s production chemicals, artificial lift systems, and digital technologies to achieve around $400 million in annual pre-tax synergies, with closing expected in Q4 2024 or Q1 2025 subject to regulatory approvals. |
Aker Carbon Capture | 2024 | SLB’s acquisition of an 80% stake in Aker Carbon Capture was executed for NOK 4.1 billion (approximately $0.4 billion) in cash, with additional performance-based payments up to NOK 1.4 billion, alongside structured put and call options setting fair market value floors and ceilings. The deal strategically enhances SLB’s carbon capture and storage capabilities, positioning it to support accelerated industrial decarbonization and compete in a CCS market growing at more than 50% annually with projects spanning North America, Europe, and the Middle East. |
Gyrodata Incorporated | 2023 | SLB completed the acquisition of Gyrodata Incorporated on February 3, 2023, after an announcement in October 2022, as part of a broader investment effort totaling $244 million, net of cash acquired. This acquisition, focused on gyroscopic wellbore positioning and survey technology, was integrated into SLB’s Well Construction business to accelerate the development of wired drillpipe technology and enhance drilling accuracy and efficiency. |
Recent press releases and 8-K filings for SLB.
- Q1 2025 revenue was approximately $8.5 billion (–3% YoY), driven by strong North American performance (8% growth) despite a 5% international decline .
- EPS performance: GAAP EPS was $0.58 (–22% YoY) while adjusted EPS stood at $0.72, including $0.14 in cost-out and integration charges .
- The company guided for Q2 with flat sequential revenue (excluding ChampionX) and expects an adjusted EBITDA margin expansion of 50–100 basis points .
- Operational update: Adjusted EBITDA reached $2.02 billion (–2% YoY) and cash flow from operations improved by $333 million .
- Shareholder returns: A quarterly cash dividend of $0.285 per share was approved along with a commitment to return at least $4 billion to shareholders in 2025 .
- Strategic diversification: Expansion into digital, data center infrastructure, and low‐carbon markets is on track to generate over $1 billion in new revenue streams for 2025 .