What is SLB?
Oilfield services and energy technology company with $36.3B 2025 revenue, headquarters in Houston, TX, and public-market scale as SLB.
- Category
- Oilfield services and energy technology
- Headquarters
- Houston, TX
- Founded
- 1926
- Employees
- 111,000
- Total funding
- Public company; SLB
- Status
- SLB; ~$73B market cap
What is SLB?
SLB is a oilfield services and energy technology business headquartered in Houston, TX. SLB is a global energy technology and oilfield services company serving operators across reservoir performance, well construction, production systems, digital, and new energy, with ChampionX contributing to 2026 results.
SLB operates at public-company scale with $36.3B 2025 revenue, 111,000 employees, and a June 2026 market value around ~$73B. SLB is a global energy technology and oilfield services company serving operators across reservoir performance, well construction, production systems, digital, and new energy, with ChampionX contributing to 2026 results. Its core operating areas include Digital and Integration, Reservoir Performance, Well Construction, Production Systems, ChampionX, and related capabilities that make the company important to its industry.
The business is asset-intensive and operationally complex, so performance depends on commodity markets, regulated returns, manufacturing uptime, safety, capital projects, procurement, reliability, and disciplined execution. SLB also has a meaningful technology agenda because field assets, plants, mines, stores, customers, traders, engineers, and corporate functions all depend on modern data and workflow systems.
For sellers, SLB is a global energy technology and digital-oilfield buyer. The best entry points are not generic corporate pitches; they are measurable improvements in safety, uptime, margin, customer reliability, energy efficiency, field productivity, supply chain, analytics, cybersecurity, or capital-project delivery.
What does SLB offer?
SLB offers Drilling services, Completions, Reservoir evaluation, Production systems, Digital platforms, Data and AI, and adjacent services or operating capabilities tied to its core assets.
- Drilling services· Digital and Integration
- Completions· Reservoir Performance
- Reservoir evaluation· Well Construction
- Production systems· Production Systems
- Digital platforms· ChampionX
- Data and AI· New Energy
- Production chemicals· Global operations
- Carbon and new energy· Digital and Integration
How does SLB make money?
SLB makes money through oilfield service contracts, technology licensing, digital platforms, equipment sales, production chemicals, software, maintenance, and project delivery.
SLB's business model is based on oilfield service contracts, technology licensing, digital platforms, equipment sales, production chemicals, software, maintenance, and project delivery. Pricing is not a public SaaS-style tier list; it is set through regulated tariffs, commodity benchmarks, customer contracts, spot prices, negotiated industrial terms, or project economics depending on the business line.
The main economic drivers are volume, utilization, price/cost spreads, capital efficiency, operating reliability, maintenance discipline, working capital, customer demand, and regulatory or commodity-market conditions. In 2025 the company reported $36.3B 2025 revenue, giving it meaningful purchasing power but also a strong bias toward projects with quantified operating impact.
Growth depends on the same practical levers that shape large industrial buyers: safer operations, better uptime, lower unit cost, better forecasting, tighter procurement, faster engineering, cleaner data, and improved customer or asset performance. Vendors should connect proposals to those levers and expect technical, procurement, legal, security, and finance review.
Who leads SLB?
SLB is led by Olivier Le Peuch, with senior leadership including Stephane Biguet, Abdellah Merad, Rakesh Jaggi.
- Olivier Le PeuchChief Executive OfficerCEO since 2019Leads SLB's global services, digital, and energy-transition strategy.
- Stephane BiguetExecutive Vice President and Chief Financial OfficerCFO since 2020Leads finance, tax, and investor relations.
- Abdellah MeradExecutive Vice President, Core Services and EquipmentSenior executive leadershipLeads core service and equipment domains.
- Rakesh JaggiPresident, Digital and IntegrationSenior executive leadershipLeads digital products, software, and integrated performance.
How do you contact SLB's leadership?
SLB publishes investor, media, supplier, customer, or contact-form routes, but it does not publish a verified personal executive email pattern for the leaders below. Use the official investor/contact route for SLB rather than guessed personal addresses.
Official investor/contact page is public; personal executive email format not verified- Stephane BiguetExecutive Vice President and Chief Financial OfficerUse official investor/contact page
- Abdellah MeradExecutive Vice President, Core Services and EquipmentUse official investor/contact page
How much funding has SLB raised?
SLB is a mature public company, not a VC-backed startup. It trades as SLB, had a market capitalization of ~$73B in the June 2026 snapshot used here, and funds operations through operating cash flow, public debt/equity access, and industry-specific capital programs.
SLB does not have a current venture funding total. The relevant capital history is its public listing, operating cash flow, debt-market access, dividends or buybacks where applicable, acquisitions, portfolio actions, and reinvestment in long-lived assets.
As of the June 2026 market snapshot used for this profile, SLB was valued at about ~$73B. The company reported $36.3B 2025 revenue, which is the operating scale sellers should use when thinking about budget capacity, procurement maturity, and the size of projects that can matter.
Seller signal: SLB can buy at enterprise and industrial scale, but budget owners will demand measurable business cases. Strong proposals quantify safety, uptime, throughput, margin, asset integrity, grid/customer reliability, procurement savings, emissions, or working-capital improvement.
How did SLB get here?
SLB's path is a public-company operating history shaped by founding roots, portfolio changes, leadership transitions, and 2025-2026 market conditions.
- 1926Schlumberger foundedConrad and Marcel Schlumberger found the company around subsurface measurement.
- 1980sGlobal oilfield services scaleSchlumberger becomes a global oilfield technology leader.
- 2022SLB brand adoptedThe company rebrands as SLB.
- 2024ChampionX acquisition announcedSLB agrees to add production chemicals and artificial lift scale.
- 2025$36.3B revenueSLB reports full-year 2025 revenue and completes a strategic transition year.
- 2026ChampionX contributesFirst-quarter 2026 results include ChampionX revenue contribution.
Who are SLB's competitors?
SLB competes with public and private companies across oilfield services and energy technology, adjacent assets, capital projects, customers, labor, technology, and commodity or regulated markets.
- HalliburtonLarge oilfield services peer across drilling, completions, and production.
- Baker HughesEnergy technology and services peer with turbomachinery and oilfield exposure.
- WeatherfordOilfield services competitor focused on well construction, completion, and production.
- NOVOilfield equipment and technology competitor.
- Technip EnergiesEnergy engineering and project-delivery company competing around complex upstream and energy-transition projects.
SLB — frequently asked questions
