What is the company's history and milestones?

Asked 2 years ago
Schlumberger Limited has a rich history that dates back to its founding in 1926 by French brothers Conrad and Marcel Schlumberger. The company began as a small enterprise focused on electrical resistance measurements in oil wells, a novel approach at the time. This innovative technique quickly gained attention and established Schlumberger as a pioneer in the oil and gas industry. Throughout the decades, Schlumberger expanded its range of services and geographical reach. In the 1930s and 1940s, the company grew significantly by introducing various logging techniques, and by the 1950s, it had developed a comprehensive portfolio that included drilling, reservoir management, and production enhancement technologies. Schlumberger's international expansion saw the establishment of offices and operations in many countries, making it a global leader in oilfield services. Significant milestones in the company’s history include its initial public offering in 1956 on the New York Stock Exchange, which provided necessary capital for expansion. The 1980s witnessed the diversification of services as Schlumberger began acquiring companies that complemented its core business, further strengthening its market position. The 2000s marked another era of growth with the introduction of advanced technologies and solutions, including digital and data analytics capabilities. In the 2010s, Schlumberger continued to adapt to new market challenges, investing heavily in research and development to stay ahead in a rapidly evolving energy landscape. The company's commitment to sustainability and innovation remains a hallmark of its values today. Overall, Schlumberger has navigated well through market fluctuations, technological advancements, and changing energy demands, establishing itself as a key player in the oil and gas industry. For the latest information regarding the company's current activities and possibly more historical insights, interested individuals may wish to visit the official website or relevant sections therein.
Adam Goldkamp is the editor / author responsible for this content.
Answered Jul 21, 2025

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