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

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.

Texas oil firm expanding presence in Russia – FT

American oilfield servicing giant SLB is reportedly expanding its Russia operations after its rivals quit the country

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

SLB, the world's largest oil services company, remains active in Russia, while most Western competitors have withdrawn from the country since the war in Ukraine.

Texas oil firm expanding presence in Russia FT

SLB previously stated it has no plans to quit the country despite Western sanctions American oilfield servicing giant SLB (formerly Schlum