SLB LIMITED/NV Business Summary

SLB N.V. (SLB) is a global technology company that provides the energy industry with advanced digital solutions and technical services for reservoir characterization, drilling, and production. The company generates revenue through a diversified mix of high-margin software-as-a-service (SaaS) subscriptions via its Delfi cognitive E&P environment, technical service fees, and equipment sales. Its operations are organized into four primary segments: Digital & Integration, which includes its industry-leading AI and data consulting; Reservoir Performance; Well Construction; and Production Systems, the latter of which was significantly expanded by the late 2025 integration of ChampionX. SLB competes directly with Halliburton, Baker Hughes, and Weatherford, positioning itself as the premium market leader in deepwater offshore operations and digital energy infrastructure, with a strategic focus on the "New Energy" transition and decarbonization-as-a-service. Originally founded in 1926 by brothers Conrad and Marcel Schlumberger, the company is currently led by CEO Olivier Le Peuch, a 35-year veteran who previously served as COO and has spearheaded the firm’s digital transformation. The executive team includes CFO Stephane Biguet, who oversees a robust capital return program, and CTO Demosthenis Pafitis, who manages the company’s R&D and the recent launch of the Tela agentic-AI assistant. The board is chaired by Jim Hackett, former CEO of Anadarko Petroleum, and recently added Mamatha Chamarthi in October 2025 to bolster its technology and audit committees. SLB is a publicly traded entity with a high degree of institutional ownership, led by major shareholders including The Vanguard Group, BlackRock, and State Street Corporation.