Schlumberger Ltd. Stock

Description Schlumberger

Schlumberger is a multinational oilfield services company that provides technology, expertise, and solutions to the oil and gas industry worldwide. It was founded in 1926 and is headquartered in Houston, Texas. The company has operations in more than 120 countries and employs approximately 100,000 people.

Schlumberger's main business segments are Reservoir Characterization, Drilling, Production, and Cameron. Reservoir Characterization involves the analysis and interpretation of geological data to determine the presence and characteristics of hydrocarbons. Drilling involves the use of technology and expertise to drill and complete wells efficiently and safely. Production involves the optimization of production from existing wells. Cameron involves the design and manufacture of equipment and systems for the oil and gas industry.

Schlumberger is listed on the New York Stock Exchange under the symbol "SLB." As of 2021, it has a market capitalization of approximately $34.2 billion.

Competitors of Schlumberger

Schlumberger is a leading multinational oil and gas company that provides various products and services to the industry. As a publicly traded company, there are several competitors that operate in the same industry and offer similar products and services. Some of the most important competitors of Schlumberger include:

1. Halliburton (Symbol HAL) - Headquartered in Houston, Texas, Halliburton is one of the world's largest providers of products and services to the energy industry. The company offers a wide range of technologies, tools, and services to the upstream oil and gas industry, including drilling, completion, and production services.

2. Baker Hughes (Symbol BKR) - Baker Hughes is an American company that provides innovative technologies and services to the oil and gas industry. The company specializes in drilling, evaluation, completion, and production services, and has a global presence in over 120 countries.

3. National Oilwell Varco (Symbol NOV) - National Oilwell Varco is a leading provider of oilfield services and equipment, with a focus on providing innovative solutions for drilling, completion, and production activities. The company operates in over 600 locations worldwide and has a robust portfolio of products and services.

4. Weatherford International (Symbol WFTLF) - Weatherford is an oilfield service company that provides drilling, evaluation, completion, and production services to the oil and gas industry. The company operates in over 80 countries and has a strong portfolio of technologies and services.

5. TechnipFMC (Symbol FTI) - TechnipFMC is a global leader in providing innovative technologies, systems, and services to the oil and gas industry. The company specializes in subsea, onshore, offshore, and surface technologies, and has a strong focus on improving efficiency and reducing costs.

Suppliers of Schlumberger

Schlumberger is one of the largest oilfield services companies in the world, offering a wide range of services to oil and gas explorers and operators. As a result, its suppliers are varied and diverse, but some of the most important ones include:

1. Equipment manufacturers: Schlumberger relies on a wide range of equipment manufacturers to supply the machinery and tools needed for its services, including drilling machines, well logging tools, and oilfield chemicals. Some of its key equipment suppliers include Caterpillar, General Electric, and Baker Hughes.

2. Chemical and materials suppliers: Schlumberger uses a variety of chemicals and materials in its operations, such as drilling muds, cement, and fracturing fluids. Its key chemical and material suppliers include Halliburton, DuPont, and BASF.

3. Transportation companies: Schlumberger also needs to transport equipment and personnel to and from oilfields. The company works with a range of transport companies, including airlines such as Emirates and Delta, as well as ground transportation companies like Uber and Lyft.

4. IT service providers: Schlumberger uses a wide range of IT services to manage its operations, from logistics management to data analysis. Its key IT suppliers include Microsoft, IBM, and SAP.

Overall, Schlumberger requires a wide range of suppliers to support its operations, and it has established relationships with many top-tier suppliers in the industry to ensure that it can continue to offer high-quality services to its clients.