limited type naamloze vennootschap dutch public company traded as nyse slb s & p 500 component fortune 500 industry oilfield services & equipment founded 1926 in france founder conrad and marcel schlumberger headquarters principal executive offices paris france houston texas us london uk the hague netherlands ; legal domicile willemstad cura ao kingdom of the netherlands area served worldwide key people paal kibsgaard ceo revenue us 35.47 billion 2015 1 operating income us 6.51 billion 2015 1 net income us 4.29 billion 2015 1 total assets us 68.0 billion 2015 1 total equity us 35.9 billion 2015 1 number of employees 100 000 website www.slb.com schlumberger l mb r e limited is the world s largest oilfield services company . 2 3 schlumberger employs approximately 100 000 people 4 representing more than 140 nationalities working in more than 85 countries . 5 schlumberger has four principal executive offices located in paris houston london and the hague . 6 schlumberger is incorporated in willemstad cura ao as schlumberger n.v. 7 and trades on the new york stock exchange euronext paris the london stock exchange and six swiss exchange . 8 schlumberger is a fortune 500 company ranked 287 in 2016 9 and also listed in forbes global 2000 ranked 176 in 2016 . 10 contents 1 history 2 corporate affairs 2.1 france 2.2 united states 3 environmental record 3.1 radioactive sources 3.2 spills 3.3 brownfields 3.4 deepwater horizon 4 see also 5 references 6 external links history edit this houston building as of 2015 houses the schlumberger u.s. executive offices schlumberger complex in sugar land texas schlumberger was founded in 1926 by brothers conrad and marcel schlumberger from the alsace region in france as the soci t de prospection lectrique french electric prospecting company . the company recorded the first ever electrical resistivity well log in merkwiller pechelbronn france in 1927 . today schlumberger supplies the petroleum industry with services such as seismic acquisition and processing formation evaluation well testing and directional drilling well cementing and stimulation artificial lift well completions flow assurance and consulting and software and information management . the company is also involved in the groundwater extraction 11 and carbon capture and storage industries . 12 the brothers had experience conducting geophysical surveys in countries such as romania canada serbia south africa the democratic republic of the congo and the united states . the new company sold electrical measurement mapping services and recorded the first ever electrical resistivity well log in merkwiller pechelbronn france in 1927 . the company quickly expanded logging its first well in the u.s. in 1929 in kern county california . in 1935 the schlumberger well surveying corporation was founded in houston later evolving into schlumberger well services and finally schlumberger wireline & testing . schlumberger invested heavily in research inaugurating the schlumberger doll research center in ridgefield connecticut in 1948 contributing to the development of a number of new logging tools . in 1956 schlumberger limited was incorporated as a holding company for all schlumberger businesses which by now included american testing and production company johnston testers . citation needed over the years schlumberger continued to expand its operations and acquisitions . in 1960 dowell schlumberger 50 % schlumberger 50 % dow chemical which specialized in pumping services for the oil industry was formed . in 1962 schlumberger limited became listed on the new york stock exchange . 13 that same year schlumberger purchased daystrom an electronic instruments manufacturer in south boston virginia which was making furniture by the time the division was sold to sperry & hutchinson in 1971 . 14 schlumberger purchased 50 % of forex in 1964 and merged it with 50 % of languedocienne to create the neptune drilling company . the first computerized reservoir analysis saraband was introduced in 1970 . the remaining 50 % of forex was acquired the following year ; neptune was renamed forex neptune drilling company . in 1979 fairchild camera and instrument including fairchild semiconductor became a subsidiary of schlumberger limited . schlumberger established the first international data links with e mail in 1981 . in 1983 schlumberger opened their cambridge research center in cambridge england and in 2012 it was renamed the schlumberger gould research center after the company s former ceo andrew gould . 15 the sedco drilling rig company and half of dowell of north america were acquired in 1984 resulting in the creation of the anadrill drilling segment a combination of dowell and the analysts drilling segments . forex neptune was merged with sedco to create the sedco forex drilling company the following year when schlumberger purchased merlin and 50 % of geco . citation needed in 1987 schlumberger completed their purchases of neptune north america bosco and cori italy and allmess germany . that same year national semiconductor acquired fairchild semiconductor from schlumberger for 122 million . 16 in 1991 schlumberger acquired prakla seismos and pioneered the use of geosteering to plan the drill path in horizontal wells . citation needed schlumberger acquired software company geoquest systems in 1992 . with the purchase came the conversion of sinet to tcp ip and www capability . in the 1990s schlumberger bought out the petroleum division aeg meter and eclipse reservoir study team intera technologies corp. a joint venture between schlumberger and cable & wireless resulted with the creation of omnes which then handled all of schlumberger s internal it business . oilphase and camco international were also purchased . citation needed in 1999 schlumberger and smith international created a joint venture m i l.l.c. the world s largest drilling fluids or mud company . the company consists of 60 % smith international and 40 % schlumberger . since the joint venture was prohibited by a 1994 antitrust consent decree barring smith from selling or combining their fluids business with certain other companies including schlumberger the u.s. district court in washington d.c. found smith international inc. and schlumberger ltd. guilty of criminal contempt and fined each company 750 000 and placed each company on five years probation . both companies also agreed to pay a total of 13.1 million representing a full disgorgement of all of the joint venture s profits during the time the companies were in contempt . 17 in 2000 the geco prakla division was merged with western geophysical to create the seismic contracting company westerngeco of which schlumberger held a 70 % stake the remaining 30 % belonging to competitor baker hughes . sedco forex was spun off and merged with transocean drilling company in 2000 . citation needed in 2001 schlumberger acquired the it consultancy company sema plc for 5.2 billion . the company was an athens 2004 summer olympics partner but schlumberger s venture into it consultancy did not pay off and divestiture of sema to atos origin was completed that year for 1.5 billion . the cards division was divested through an ipo to form axalto which later merged with gemplus to form gemalto and the messaging solutions unit was spun off and merged with taral networks to form airwide solutions . in 2003 the automated test equipment group part of the 1979 fairchild semiconductor acquisition was spun off to nptest holding which later sold it to credence . citation needed in 2004 schlumberger business consulting was launched . based in paris it is the company s management consultancy arm . 18 in 2005 schlumberger purchased waterloo hydrogeologic 19 unreliable source which was followed by several other groundwater industry related companies such as westbay instruments and van essen instruments . also that year schlumberger relocated its u.s. corporate offices from new york to houston . 20 in 2006 schlumberger purchased the remaining 30 % of westerngeco from baker hughes for us 2.4 billion . 21 also that year the schlumberger doll research center was relocated to a newly built research facility in cambridge massachusetts to replace the ridgefield connecticut research center . the facility joins the other research centers operated by the company in cambridge england ; moscow russia ; stavanger norway ; and dhahran saudi arabia . 22 in 2010 the acquisition of smith international in an all stock deal valued at 11.3 billion was announced . the sale price is 45.84 a share price was 37.5 percent higher than smith closing price on 18 february 2010 . the deal is the biggest acquisition in schlumberger history . 23 the merger was completed on august 27 2010 . 24 also announced in 2010 were schlumberger plans to acquire geoservices a french based company specializing in energy services in a deal valued at 1.1 billion including debt . 25 in 2014 schlumberger announced the purchase of the remaining shares of ses holdings limited saxon a calgary based provider of international land drilling services from first reserve and certain members of saxon management . the transaction is subject to customary closing conditions including the receipt of regulatory approvals . schulmberger had a minority share in saxon previously . 26 in 2015 schlumberger was indicted by the us department of justice for sanction violations of conducting business in iran and sudan ; the company was fined 233 million amounting to the largest fine for sanctions to date . 27 due to a downturn in the global oil & gas industry in 2015 schlumberger announced 21 000 layoffs accounting for 15 % of their total workforce . 28 in august 2015 schlumberger agreed to acquire oilfield equipment manufacturer cameron international for 14.8 billion . 29 corporate affairs edit france edit its paris offices are in le palatin 1 in the la d fense business district and in puteaux france near paris . 30 31 united states edit schlumberger maintains a 33 acre 13 ha campus at the northeast corner of u.s. highway 90a and gillingham lane in sugar land texas ; as of 2015 schlumberger is the second largest employer in the city . in 2015 schlumberger announced that it was moving its u.s. corporate headquarters to the sugar land facility from its houston office building . the company plans to build new buildings with a scheduled completion time of late 2017 . they include a total of 250 000 square feet 23 000 m2 of class a office space and an amenities building with 100 000 square feet 9 300 m2 of space . 32 in the 1930s the north american headquarters were established in houston . in the 1970s the company s top executives in north america were relocated to new york city . by 2006 the head office had 50 executives and support staff . by that year the company was moving that office to a building near the houston galleria . 33 schlumberger moved its houston area offices from 5000 gulf freeway in houston to the sugar land campus in 1995 . 34 35 36 environmental record edit in 2009 newsweek released their green rankings 37 a ranking of the 500 largest corporations on track records on a number of environmental issues . schlumberger was ranked 118th out of 500 overall and 3rd out of 31 in their industry . newsweek remarked that to mitigate global warming schlumberger has invested in carbon sequestration which involves long term storage of co2 and that the company s seismic survey ships are 20 % to 25 % more fuel efficient than those of other seismic contractors from using fuels that emit less pollution and towing equipment that creates less drag on the vessels . 38 radioactive sources edit in 2006 a radioactive canister imported by schlumberger was recovered in the western australian outback desert . 39 the canister had been lost in by the company s transport partner when the improperly secured container fell off the trailer on which it was being transported . 40 in 2010 the aberdeen sheriff court fined schlumberger oilfield uk 300 000 for losing a radioactive source on the rig floor on the ensco 101 mobile drilling rig in the north sea for 4 hours . 41 spills edit in