Preview

Schlumberger - Hr Policies

Powerful Essays
Open Document
Open Document
2623 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Schlumberger - Hr Policies
schlumberger_logo.png

Introduction

Schlumberger is the leading oilfield services provider, trusted to deliver superior results and improved E&P performance for oil and gas companies around the world.

Schlumberger Limited (NYSE: SLB) is the world's largest oilfield services company. Schlumberger employs over 113,000 people of more than 140 nationalities working in approximately 85 countries. Its principal offices are in Houston, Paris, Schlumberger was founded in 1926 by French brothers Conrad and Marcel Schlumberger. Today Schlumberger supplies the petroleum industry with drilling services and well testing. The company is also involved in the groundwater extraction.

Thee new company sold electrical-measurement mapping services and recorded the first-ever electrical resistivity well log, in France in 1927. The company quickly expanded, logging its first well in the U.S. in 1929, in 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 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. 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 was listed on the New York Stock Exchange.

After various acquisitions and mergers, the recent one was in2010, the acquisition of Smith International in an all-stock deal valued at $11.3 billion was announced.

The deal was the biggest acquisition in Schlumberger

You May Also Find These Documents Helpful

  • Good Essays

    Bear Stearns Case Summary

    • 427 Words
    • 2 Pages

    In the 1940’s, the firm became a large player in mergers and acquisitions, particularly in the…

    • 427 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    PA1 asgn04

    • 2576 Words
    • 15 Pages

    by two brothers, Chip and Charles Carroway, who started the company after identifying an opportunity to…

    • 2576 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The corporation that I decided to write about is the Halliburton Company, which was founded in 1919. The base headquarters is in Houston, Texas with an additional headquarters in Dubai, the United Arab Emirates. This is a large corporation with a number of contracts with the government. They have several contracts with the military through a company called Brown & Roots which is subcontracted.…

    • 706 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Standard Oil Company, and was the main person to organize the oil industry. When he…

    • 683 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Kmart History Timeline

    • 2033 Words
    • 9 Pages

    1912 - S.S. Kresge Company incorporated in Delaware with 85 stores and sales of $10,325,000.…

    • 2033 Words
    • 9 Pages
    Good Essays
  • Good Essays

    John Davison Rockefeller was the founder of Standard Oil Company in 1870 and ran it until he retired in 1897. Standard Oil gained almost complete control over the oil refining market in the United States by underselling its competitors. Rockefeller and his associates owned dozens of corporations operating in just one state.…

    • 790 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Oil and gas producer now work alongside high-tech companies, telecommunications giants, and other important business sectors.…

    • 1621 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    In 1870, Rockefeller and a few associates incorporated the Standard Oil Company in Ohio. Because of Rockefeller's know how on economical operations, Standard Oil Company…

    • 2897 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Oil and gas producer now work alongside high-tech companies, telecommunications giants, and other important business sectors.…

    • 1116 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Halliburton was founded in 1919; it is one of the world’s largest providers of products and services of the oil and gas industry. The company employs more than 74,000 employees from 140 nationalities in approximately 75 – 80 countries worldwide. Halliburton currently comprises 13 product service lines (PSLs) which operate in two divisions – drilling and evaluation, and completion and production. PSLs are accountable and responsible for strategy, technology, process, and people development. The first headquarters are based in Houston, Texas and their second headquarters are in Dubai, United Arab Emirates. Halliburton has been involved in a few scandals in recent years in which have left a stigma on their reputation. Most people believe that Halliburton team with the government to boost their profits nevertheless Halliburton is a very successful and profitable company around the world.…

    • 840 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Target Swot Analysis

    • 457 Words
    • 2 Pages

    It started of as the Dayton Corporation in 1902 by a person named George Draper Dayton who afforded to make it through farm mortgages he had owned to reduce burden on himself. Dayton managed to establish a trading company he was to work with, looking at the fact that there was continual change they had expected.…

    • 457 Words
    • 2 Pages
    Good Essays
  • Good Essays

    John D Rockefeller Essay

    • 1457 Words
    • 4 Pages

    Standard Oil Company was formed by Rockefeller, his younger brother William, Henry Flagler, and a group of other men. Except, John D. Rockefeller was the “top dog” which means he was the president and he also became the shareholder of the company. Over the next years, he…

    • 1457 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    * CHEVRON is an American second oil company which has been founded in 1879 by an American group of explorers since then chevron has changed its name more than once but it took its name “chevron” in 1984 and it has worked with many other oil companies like Texaco and many more, the company now have 58,000employees and 4,000 service station employees.(chevron, 2011)…

    • 1797 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Bp Pestle Analysis

    • 3155 Words
    • 13 Pages

    On 14th April 2009, BP celebrated its 100th anniversary of its company. Throughout these years BP has developed into a multinational oil company and is currently the third largest private sector energy corporations in the world, and one of the six “super majors” (Appendix 1).…

    • 3155 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Is Oracle Dying?

    • 4256 Words
    • 18 Pages

    Oracle Corporation was founded in Jun 1977 by Larry Ellison, Bob Miner, Ed Oates. Over the years, it has risen to become almost indisputable leader of the Relational Database Management System (RDBMS) market with 44% (Source: IDC 2009) – at least, for now, though, no one is sure how long that numero uno position will last. There were heady days of 1996-2008 or so when Oracle ruled the world of RDBMS. It was unchallenged crown king that could do no wrong. Hundreds of thousands of Database engineers, architects, administrators spoke of Oracle as if it was actually the famed “Oracle of Delphi”. Conference passes to Oracle Open World were so coveted that it was distributed to star employees in any company using Oracle Products.…

    • 4256 Words
    • 18 Pages
    Powerful Essays