Schlumberger (SLB)

Profile

Exchange: NYSE       Sector: Basic Materials       Industry: Oil & Gas Equipment & Services

Schlumberger Limited is the world's largest oilfield services companies, along with Halliburton. It provides a full range of services, including seismic surveys, formation evaluation, drilling technologies and equipment, cementing, well construction and completion, and project management. Schlumberger also provides reservoir evaluation, development, and management services, and is developing new technologies for reservoir optimization. Through its WesternGeco business, the company provides seismic and other surveying services to customers worldwide. In 2010 Schlumberger acquired drilling services giant Smith International in deal valued at $11 billion. Schlumberger employs over 110,000 people of more than 140 nationalities working in approximately 80 countries. Its principal offices are in Houston, Paris, and the Hague. Schlumberger Limited was founded in 1927 and is based in Houston, Texas. It provides a full range of services, including seismic surveys, formation evaluation, drilling technologies and equipment, cementing, well construction and completion, and project management. Schlumberger also provides reservoir evaluation, development, and management services, and is developing new technologies for reservoir optimization. Through its WesternGeco business, the company provides seismic and other surveying services to customers worldwide. In 2010 Schlumberger acquired drilling services giant Smith International in deal valued at $11 billion.