The largest oilfield services company Schlumberger becomes unprofitable

19.10.2019       

The loss of the world's largest oilfield services company Schlumberger in the third quarter of 2019 amounted to $11.383 billion. In the same period last year, Schlumberger showed a profit. In the first nine months of 2019, Schlumberger's revenue was $24.689 billion.
Schlumberger — the world's largest oilfield service company. Its headquarters are located in Houston and Paris. The company was registered in an offshore zone in the Antilles. Schlumberger Chairman and CEO Olivier Le Peche, who was appointed in 2019.

In 2006, Schlumberger bought Baker Hughes' stake in WesternGeco. In 2010, Schlumberger acquired Smith International. In 2013, Schlumberger curtailed work in Iran. In 2015, Schlumberger paid a hefty fine for violating sanctions on Iran and Sudan. In 2015, Schlumberger acquired Cameron International, a major American manufacturer of blowout preventers.
The situation with Schlumberger's work in the Russian market will be reviewed on October 30 in Moscow at the conference "Neftegazservice-2019".