US Oil Giant SLB Reportedly Bolsters Presence In Russia As Western Rivals Exit Market Amid War With Ukraine - Schlumberger (NYSE:SLB)
Summary by Benzinga
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The American company SLB, providing services in oil fields, is expanding in Russia. It was helped by the departure of its main competitors, who withdrew from there after the incursion of Putin's troops into Ukraine.
US Oil Giant SLB Reportedly Bolsters Presence In Russia As Western Rivals Exit Market Amid War With Ukraine - Schlumberger (NYSE:SLB)
The company's operations in Russia accounted for 5% of its $33.1 billion revenues in 2023, and it employed about 9,000 staff in the country
·New York, United States
Read Full ArticleSLB, the world's largest oil services company, remains active in Russia, while most Western competitors have withdrawn from the country since the war in Ukraine.
·Amsterdam, Netherlands
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Total News Sources5
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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