SLB, formerly Schlumberger, is a global technology company driving energy innovation for a balanced planet. The company innovates energy technology, delivers digital solutions at scale, decarbonizes industries, and develops new energy systems. SLB is committed to providing solutions to address the energy trilemma of providing secure and affordable energy while rapidly decarbonizing for a sustainable future. They operate in over 100 countries and have nearly a century of market and technology leadership.

SLB is organized into four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. These divisions combine and integrate technologies to support long-term growth opportunities.

• Employees: 111,000 (approximately)
• Geographic Footprint: More than 100 countries
• Headquarters: Curaçao (corporate), with executive offices in Paris, Houston, London, and The Hague
• Founded: 1926
• Revenue: $33.1 billion (FY2023)
• Key Subsidiaries/Brands: OneSubsea

• CEO: Olivier Le Peuch (since August 2019)
• CFO: Stephane Biguet (since January 2020)
• Chief Strategy and Sustainability Officer: Katharina Beumelburg (since May 2021)
• Chief Technology Officer: Demosthenis Pafitis (since February 2020)
• Chief Legal Officer: Dianne Ralston (since December 2020)

Key executives have varied backgrounds in the energy and technology sectors. Olivier Le Peuch was previously Chief Operating Officer and Executive Vice President, Reservoir and Infrastructure. Stephane Biguet was previously Vice President, Finance. Katharina Beumelburg was previously Senior Vice President, Transmission Service at Siemens Energy. Demosthenis Pafitis was previously Senior Vice President, SLB 4.0 Platforms. Dianne Ralston was previously Executive Vice President, Chief Legal Officer, and Secretary at TechnipFMC plc.

• Annual Revenue: $33.1 billion (FY2023)
• Net Income: $4.2 billion (FY2023)
• Total Assets: $47.9 billion (as of Dec 31, 2023)
• Number of Employees: Approximately 111,000
• Key Financial Highlights: Revenue grew 18% year-over-year, pretax segment operating margin increased 185 bps to 20%, and cash flow from operations was $6.6 billion.

SLB offers a wide range of products and services across the energy value chain:

• Digital Solutions: Includes data platforms, simulators, and workflow tools using AI and machine learning.
• Exploration Data and Data Processing: Provides reservoir interpretation and data processing services.
• Asset Performance Solutions: Offers integrated field production project management.
• Wireline: Provides subsurface geology and fluid evaluation services.
• Testing: Offers pressure and flow-rate measurement services.
• Stimulation and Intervention: Provides services for well completions and maintenance.
• Drilling & Measurements: Provides mud logging, directional drilling, and measurement services.
• Drilling Fluids: Supplies engineered drilling fluid systems.
• Drill Bits: Designs and manufactures drill bits.
• Well Cementing: Provides well casing protection services.
• Integrated Well Construction: Provides integrated well construction solutions.
• Artificial Lift: Provides production equipment and optimization services.
• Completions Equipment: Supplies well completion equipment.
• Surface: Designs and manufactures onshore and offshore wellhead systems.
• Valves: Provides valve products for various markets.
• Processing: Enables efficient monetization of subsurface assets.
• OneSubsea™: Provides integrated subsea solutions.

SLB operates through four main divisions:

• Digital & Integration: Combines digital solutions and data products with integrated Asset Performance Solutions. Revenue was $3.9 billion in FY2023.
• Reservoir Performance: Focuses on reservoir-centric technologies and services. Revenue was $6.6 billion in FY2023.
• Well Construction: Offers products and services to optimize well placement and performance. Revenue was $13.5 billion in FY2023.
• Production Systems: Develops technologies for production and recovery from subsurface reservoirs. Revenue was $9.8 billion in FY2023.

SLB's strategy is focused on three engines of growth: Core, Digital, and New Energy. The company aims to innovate new products and services for oil and gas assets, support customers' digital journeys, and build a diverse portfolio across new energy sectors.

• Core: Focuses on innovating new products, services, and technologies for oil and gas exploration, development, and production.
• Digital: Aims to support customers' digital journeys by managing data migration, workflow redesign, and transition to the cloud.
• New Energy: Building a portfolio across carbon solutions, hydrogen, geothermal, stationary energy storage, and critical minerals.
• Sustainability: Committed to a 2050 net-zero GHG emissions target, including Scope 3 emissions, with interim milestones for 2025 and 2030.

SLB operates in the energy services industry, which is highly competitive and rapidly evolving. The company competes on technological innovation, quality of service, and price differentiation. Key trends include the increasing demand for energy, the transition to renewable energy sources, and the need for decarbonization. SLB's primary customers are national oil companies, large integrated oil companies, and independent operators.

• Market Position: SLB is a leader in providing solutions to address the energy trilemma.
• Key Competitors: SLB has numerous competitors, both large and small.
• Industry Trends: The industry is experiencing a shift towards more regional markets, each with distinct resource plays and economics. There is an increasing focus on digital technologies and sustainability.

• Business and Operational Risks: Demand for SLB's products and services is substantially dependent on customer expenditures, which are influenced by oil and gas prices. Downturns in the oil and gas industry can materially affect SLB's financial condition.
• Geopolitical Risks: Disruptions in the political, regulatory, economic, and social environments of the countries in which SLB operates can adversely affect its business. The Russia-Ukraine conflict is specifically mentioned as a risk.
• Energy Transition Risks: Failure to effectively and timely address the energy transition could adversely affect SLB's business.
• Cybersecurity Risks: SLB's operations are subject to cyber incidents that could have a material adverse effect on its business, financial condition, results of operations, and cash flows.
• Legal and Regulatory Risks: SLB is subject to numerous laws and regulations, violations of which could have a material adverse effect on its reputation, financial condition, results of operations, or cash flows.