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US Oil Giant SLB Reportedly Bolsters Presence In Russia As Western Rivals Exit Market Amid War With Ukraine - Schlumberger (NYSE:SLB)

Summary by Benzinga
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

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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.

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SLB, the world's largest oil services company, remains active in Russia, while most Western competitors have withdrawn from the country since the war in Ukraine.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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De Telegraaf broke the news in Amsterdam, Netherlands on Friday, August 16, 2024.
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