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Paal Kibsgaard Chairman and Chief Executive Officer

Chairman's Message

The Schlumberger approach to sustainability is founded upon a strong culture of social and environmental stewardship.

Our expertise in hardware, software, and E&P domain knowledge enables the design and deployment of innovative technologies that increase operational efficiency and maximize hydrocarbon recovery while contributing to a lower environmental footprint for our customers.

Addressing climate change has become more important in every industry, including oil and gas, and Schlumberger has been collaborating with our customers and relevant organizations to effect change through increased environmental performance and improved social and economic conditions in the communities where we live and work.

Our stewardship journey, which has evolved over the past decades, is gaining momentum as we continue to work with our customers to achieve their environmental, social, and governance (ESG) objectives; mitigate social and environmental risks; and lower their greenhouse gas emissions in field operations.




Schlumberger has always been at the forefront of change, including technology innovation, training and development of our people and, more recently, our New Way of Working that encompasses our corporate transformation. Our ESG activities are a key differentiator for us in the industry as we continuously improve our sustainable business practices. In recognition of the growing importance of our Global Stewardship program, the Schlumberger Board of Directors provides oversight for the Company’s sustainability efforts and receives quarterly updates on our progress.

In terms of collaboration, Schlumberger became an associate member of IPIECA—the global oil and gas industry association for environmental and social issues. We participated in IPIECA’s development of Mapping the Oil and Gas Industry to the Sustainable Development Goals: an Atlas, a report about the implications of the United Nations Sustainable Development Goals (SDGs) for the oil and gas industry.

Furthermore, Schlumberger partnered with the Solar Impulse Foundation in support of the World Alliance for Efficient Solutions initiative. By contributing both financial and human resources, we are helping to meet the initiative’s target of selecting 1,000 clean, efficient, and profitable solutions for environmental and socio-economic benefits. In addition, we are developing technologies to measure and manage our carbon footprint. For example, we have improved our ability to manage water use by designing a new water-modeling software that is being implemented at many of our facilities. Also, the Schlumberger Stewardship Tool is a software that incorporates sustainability into our engineering and operational practices by modeling efficiency gains at the wellsite that yield a lower environmental footprint.

In line with our commitment to safety, we continued to guard against the risks that road journeys present using our global network of Journey Management Centers. We also remained focused on science education through SEED and HSE for Youth workshops around the world, which reinforce our culture of safety in the scientists of tomorrow. Another effort in support of education includes the Schlumberger Foundation granting 38 new Faculty for the Future fellowships to women in emerging and developing countries, enabling them to pursue advanced graduate studies in science, technology, engineering, and mathematics (STEM) subjects at top-tier universities around the world.

Finally, Schlumberger has always been committed to conducting business in a manner that preserves and respects human dignity, and you can read about our Human Rights position on our website.

I am pleased that our Global Stewardship program continues to grow and would like to thank our employees for their commitment in successfully implementing the initiatives you will read about in this report.

Sincerely,

Paal Kibsgaard Chairman and Chief Executive Officer

Paal Kibsgaard Chairman and Chief Executive Officer


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