
Schlumberger NV
NYSE:SLB

Schlumberger NV
Schlumberger NV, now rebranded as SLB, stands as a towering presence in the oilfield services industry, drawing on a rich legacy that stretches back to its founding in the early 20th century. Initially established by two French brothers, Conrad and Marcel Schlumberger, the company pioneered the electrical resistivity well-logging method. This innovative technique spearheaded a revolution in understanding subterranean formations, and laid the groundwork for SLB’s evolution into a global behemoth. Today, SLB operates in over 120 countries, offering an array of services and products that encompass the entire lifecycle of the oil and gas reservoir. From exploration and drilling to production and eventual abandonment, SLB's expertise is woven into the fabric of the energy sector, underscoring its critical role in unlocking nature's deeply buried treasures.
The company's revenue model is as dynamic as the environments in which it operates. At the heart of SLB's business is its reservoir characterization, drilling, production, and processing technologies. These cutting-edge services generate significant revenue streams, leveraging the world’s increasing demand for energy. The company thrives on contracts to provide seismic solutions, project management, well services, and integrated production systems. It keeps an eye on the future by investing substantially in innovation and digital transformation, harnessing artificial intelligence and data analytics to enhance operational efficiency and reduce costs for its clients. Through partnerships and collaborations, SLB continuously adapts to the industry's shifting sands, not just keeping pace with technological advancements but often setting the pace itself. As the energy landscape evolves, so does SLB, positioning itself as an indispensable partner in the global pursuit of energy solutions.
Earnings Calls
Management
Olivier Le Peuch is a prominent figure in the energy industry, most notably serving as the Chief Executive Officer of Schlumberger Limited, one of the leading oilfield services companies globally. Le Peuch, a French national, has spent his entire professional career with Schlumberger, joining the company in 1987 as an engineer. Over the years, he has held various leadership and technical positions across Europe, the United States, and Asia, covering multiple segments of the company’s operations. Before becoming CEO in August 2019, Le Peuch held several key roles, including Executive Vice President of Reservoir and Infrastructure, President of the Cameron Group, President of the Reservoir Characterization Group, and Vice President of Engineering, Manufacturing, and Sustaining. His diverse roles and deep involvement across Schlumberger’s operations have provided him with extensive insights and expertise in the energy sector. Le Peuch is recognized for his forward-thinking approach, emphasizing digital transformation and technology integration to enhance operational efficiency and sustainability within the industry. His leadership is characterized by a focus on innovation and adapting to the changing energy landscape, aiming to position Schlumberger at the forefront of the sector’s evolution. Olivier Le Peuch holds a degree in electrical engineering and applied physics from the Bordeaux Graduate School of Engineering (ENSEIRB-MATMECA) in France.
Stéphane Biguet has been a key figure at Schlumberger, one of the world's leading oilfield services companies. He serves as the Executive Vice President and Chief Financial Officer (CFO) of the company. In his role, Biguet is responsible for overseeing the financial operations, strategy, and management of Schlumberger, ensuring financial stability and supporting the company's growth initiatives. Biguet has a strong background in finance and has held various leadership positions within Schlumberger. He joined the company in 1995 and has since amassed extensive experience in financial management, treasury, and risk management. Over the years, he has been instrumental in leading financial strategies that align with the company's objectives and market conditions. His career at Schlumberger has seen him taking on several important roles, including Vice President of Finance for the Reservoir Characterization Group, Vice President Global Treasurer, and Controller for various divisions. His contributions to Schlumberger have been vital in navigating the complex financial landscapes of the oil and gas industry, positioning the company for sustainable success in a highly competitive sector. Stéphane Biguet's leadership and financial expertise continue to play a crucial role in driving Schlumberger's financial performance and strategic direction.
Khaled Al Mogharbel is a prominent figure in the oilfield services industry, known for his extensive career at Schlumberger NV, one of the world’s largest oilfield services companies. With a background in engineering, he holds a Bachelor’s degree in Mechanical Engineering from the University of California, Berkeley, and a Master's degree in Petroleum Engineering from Heriot-Watt University in the UK. Al Mogharbel joined Schlumberger in 1993 and has held various high-level positions throughout his tenure. He has amassed extensive operational and leadership experience, having worked in multiple regions across the globe, including the Middle East, Europe, Latin America, and North America. His roles have included Vice President of the Saudi Arabia and Bahrain region, President of Schlumberger Middle East, and President of Drilling Group, among other leadership positions. As of his latest roles, Khaled Al Mogharbel served as the Executive Vice President of Geographies, where he was responsible for overseeing the company's global operations across its geographic regions. His leadership is characterized by a strong focus on operational excellence, strategic growth, and innovation in oilfield technologies. Throughout his career, Al Mogharbel has been instrumental in driving Schlumberger’s strategic initiatives and growth, reinforcing its position as a leader in the energy services sector.
Abdellah Merad is an executive at SLB (formerly known as Schlumberger), where he holds the position of Executive Vice President of Core Services and Equipment. In this role, he is responsible for overseeing the company's core services and equipment segment, which is central to SLB's operations across the globe. Merad has built a distinguished career at SLB, gaining extensive experience across various domains and geographical locations. Before his current role, he has held numerous key positions within the company, contributing significantly to its strategic direction and operational leadership. With a background in fields such as engineering and business, Merad is known for his strong leadership skills and his ability to drive innovation and efficiency within the company. His work has been integral to maintaining SLB's position as a leader in the oilfield services industry. Merad's contributions extend beyond operational management; he is also involved in SLB’s strategic initiatives aimed at sustainability and digital transformation, reflecting his commitment to the company's long-term growth and adaptation to industry changes.
Howard Guild serves as the Chief Accounting Officer for Schlumberger NV, one of the world's leading oilfield services companies. In this role, he is responsible for overseeing the company's financial reporting, accounting practices, and ensuring regulatory compliance. He plays a key role in shaping the financial strategy and policies of Schlumberger, contributing significantly to maintaining transparency and accuracy in the company's financial communications. Howard's leadership in finance and his commitment to high standards in accounting have been instrumental in supporting Schlumberger's global operations and long-term financial health.
Demosthenis Pafitis is a notable figure at Schlumberger, a leading oilfield services company. He currently serves as the Chief Technology Officer (CTO). In his role as CTO, Pafitis is responsible for driving the company's technology strategy and overseeing the development and integration of innovative technologies and solutions that enhance Schlumberger's service offerings. His leadership is crucial in maintaining the company's edge in technology and ensuring that it continues to address the evolving needs of the energy sector. Pafitis's work involves close collaboration with various teams, fostering innovation, and supporting sustainability and efficiency initiatives across Schlumberger's global operations.
Sebastien Lehnherr is a well-regarded executive within the oilfield services industry, specifically at Schlumberger Limited, also known as Schlumberger NV. With a background in engineering and management, Lehnherr has contributed significantly to the company's operations. He has held various leadership positions that showcase his expertise and strategic vision. Lehnherr's responsibilities have often involved overseeing technological advancements and operational efficiencies within Schlumberger. His work typically emphasizes enhancing customer satisfaction through innovation and effective resource management. His leadership style is characterized by a focus on fostering collaboration, driving technological development, and ensuring the implementation of best practices across different business units. Throughout his tenure, Lehnherr has been instrumental in aligning the company’s goals with industry trends, ensuring that Schlumberger remains a leader in the field of oilfield services, offering advanced drilling, production, and reservoir services. His commitment to excellence and forward-thinking approach help sustain the company's competitive edge in a rapidly evolving industry. Given the dynamic nature of the energy sector, Sebastien Lehnherr continues to be a pivotal figure within Schlumberger, contributing to its strategic growth and success on a global scale.
James R. McDonald is a prominent figure in the oil and gas industry, known for his extensive experience and leadership roles at Schlumberger NV, one of the world's largest oilfield services companies. McDonald has contributed significantly to various aspects of Schlumberger's operations, leveraging his expertise in engineering, project management, and strategic development to advance the company's technological and business objectives. Throughout his career at Schlumberger, McDonald has held various senior positions, where he was responsible for overseeing operations, driving innovation in service delivery, and enhancing operational efficiencies. His work often involved developing and implementing cutting-edge solutions for complex drilling and production challenges, collaborating with cross-functional teams to optimize Schlumberger's offerings across different markets. McDonald's leadership style is noted for its focus on fostering teamwork, driving performance excellence, and maintaining a strong emphasis on safety and environmental sustainability. Under his guidance, Schlumberger has continued to strengthen its position as a leader in the oilfield services sector, adapting to market changes and embracing new technologies to meet the evolving needs of the industry. His contributions to Schlumberger and the broader oil and gas industry have been recognized by peers and stakeholders alike, highlighting his commitment to excellence and innovation in a dynamic and challenging field.
Giles Powell serves as the Executive Vice President and Chief Legal Officer at Schlumberger Limited, one of the world's leading oilfield services companies. In this role, he oversees the company's legal matters, ensuring compliance and governance at all levels. With a robust background in international law and corporate governance, Powell brings extensive experience to the company's executive leadership. Prior to joining Schlumberger, Powell held significant positions in major legal firms and corporations, showcasing his expertise in legal strategy and execution. His leadership is marked by a focus on aligning legal frameworks with business objectives, fostering a culture of integrity and transparency within Schlumberger. Throughout his career, Giles Powell has been recognized for his contributions to the legal field, as well as his ability to navigate complex legal landscapes in the global oil and gas industry. His leadership continues to be instrumental in guiding Schlumberger through various legal challenges and opportunities.
Carmen Rando Bejar is the Chief Legal Officer and Corporate Secretary of Schlumberger N.V., a leading global technology company that provides services to the oil and gas industry. She plays a critical role in overseeing the company's legal matters and corporate governance. Before joining Schlumberger, Bejar held various senior legal positions in multinational organizations, bringing extensive experience in managing legal affairs, compliance, and strategic corporate issues. Her leadership contributes significantly to Schlumberger's operations and its adherence to international legal standards.