Schlumberger Oilfield Services
5599 San Felipe, 17th FL
Houston, Texas 77056
Schlumberger is the world’s leading oilfield services company. Schlumberger employs over 95,000 in over 85 countries to supply oil and gas customers with technology, integrated project management and information solutions.
Founded in 1927 by two brothers, the company started as a supplier of wireline logging to obtain downhole data in oil and gas wells. Today, the company has grown into an innovative oil and gas technology solutions company that focuses on research and development to support industry technological growth.
Schlumberger prides itself in the fact that its technologies allow customers to enhance their operational efficiency and productivity. Schlumberger’s emphasis on technology is proven by the company’s investment of $1.21 billion in research and engineering in 2014.
In early 2016, Schlumberger announced that its 2015 fourth quarter saw a loss, with revenue falling 39%. This was largely due to the fact that the oil and gas industry had been facing low oil prices. To adjust costs and try to counteract its financial woes, Schlumberger laid off 10,000 of its staff in late 2015.