Houston-based SLB, the world's largest oilfield services provider, has declared its intention to continue operations in Russia, despite the ongoing war in Ukraine. This stance comes in contrast to its major competitors, Baker Hughes and Halliburton, which exited the Russian market in 2022. SLB's decision has sparked calls for sanctions from some quarters, as the company resists pressure to follow the lead of its rivals. The company's chief executive, Olivier Le Peuch, confirmed their position in an interview with the Financial Times.
🚨ALERT🚨 Oil field service provider SLB - formerly Schlumberger - has announced today that it has no plans to cease operations in the Russian Federation as many other firms have. Since moral arguments don’t work on firms like SLB, it’s time for the US & EU to announce sanctions… https://t.co/4TLxhM9XGF
$SLB World’s Top Oilfield Services Provider Not Leaving Russia SLB, the biggest oilfield services firm in the world, is not planning to abandon its business in Russia, chief executive Olivier Le Peuch told the Financial Times in an interview published on Monday. Many energy…
World's biggest oilfield services group Houston-based SLB says it has no plans to leave Russia despite the the war in Ukraine. Its biggest rivals Baker Hughes and Halliburton sold up in 2022 @FinancialTimes https://t.co/DI9d2icDdA via @ft @mylesmccormick_
Companies that do business with russia are legit targets. https://t.co/PM6k61lPq5
Oilfield services group SLB says it has no plans to leave #Russia Company has resisted pressure to follow its two biggest rivals in pulling out in response to Ukraine war #oott https://t.co/z7d9BmWLGB