HOUSTON, March 19, 2022–(BUSINESS WIRE)–Schlumberger today provided the following update on its activities in Russia:
“We have watched with great concern the escalation of the conflict in Ukraine,” said CEO Olivier Le Peuch. “First of all, we are very focused on the health and safety of our employees, colleagues and their families in Ukraine, in Russia and the entire region.
“As the situation developed, we assessed our future path and decided to immediately suspend further investment and the use of technologies in our Russian operations. We continue to actively monitor this dynamic situation and will carry out all existing activities in full compliance with applicable international laws and sanctions.
“Security is at the heart of who we are as a company and we are pushing to end the conflict and restore security to the region.”
Schlumberger (SLB: NYSE) is a technology company that partners with clients to discover sources of energy. Our employees, representing more than 160 nationalities, provide leading digital solutions and apply innovative technologies to enable the performance and sustainability of the global energy industry. With experience in more than 120 countries, Schlumberger collaborates to develop technologies that enable access to energy for the benefit of all.
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Josh Byerly, Vice President of Corporate Communications, Schlumberger Limited
Ndubuisi Maduemezia, Vice President of Investor Relations, Schlumberger Limited
Joy V Domingo – Director of Investor Relations, Schlumberger Limited
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