Oil & gasNYSE: SLB

SLB

29Laggard

Houston, TX, United StatesFounded 19260 followers

slb.com

World's largest oilfield services company (formerly Schlumberger), providing drilling, reservoir characterisation, and production technology to the fossil fuel industry across more than 120 countries.

Green Score

29/100
Laggard
Greenwashing risk
high
Data confidence
high
Method
how it is calculated
Climate Impact & Solution35%12

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

SLB's core business — oilfield services across drilling, production, and reservoir characterization — directly enables fossil fuel extraction at scale; its 'Transition Technologies' portfolio generated over $1B revenue in 2023 but that figure is dwarfed by $33B in total revenue, and LobbyMap finds the company 'appears opposed to an energy transition from oil and gas' and emphasizes a long-term need to maintain fossil fuels contrary to IPCC guidance.

Decarbonization & Targets20%32

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

SLB has a self-declared 2050 net-zero ambition covering all three scopes (claimed as a first in energy services in 2021) and reports a 40% Scope 1 & 2 reduction vs. 2019 baseline, but as of November 2025 no SBTi-validated targets appear on public registries, and no independently verified net-zero target has been confirmed by third parties.

ESG & Operations15%45

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

SLB holds an MSCI AA ESG rating and CDP A- for Climate (2025), reports 30% women in executive leadership, and ties 10% of executive short-term incentive pay to quantitative emissions and gender goals, but faces ongoing harassment lawsuits, labor disputes, and class-action litigation that temper its social performance.

Transparency & Verification15%48

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

SLB aligns its sustainability reporting with TCFD, SASB, GRI, and UN SDGs and discloses Scope 1, 2, and 3 metrics, but the absence of SBTi-validated targets, limited third-party verification of customer 'avoided emissions' claims (~950,000 tCO2e in 2024), and only a partial industry-association disclosure undercut the credibility of its disclosures.

Integrity15%28

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

SLB pled guilty and paid $232.7 million for violating U.S. sanctions by facilitating trade with Iran and Sudan; as of 2025 it remains active in Russia despite U.S. sanctions (Ukraine added it to its war-sponsors list), is a member of obstructive climate lobbying groups including the American Petroleum Institute, and faces multiple ongoing labor and harassment class-action suits.

SLB· NYSE
USD 47.08▲ 36.11%

Updated 7/17/2026

Why it's on ClimateTicker

SLB is the world's largest oilfield services company, deriving the overwhelming majority of its revenue from enabling fossil fuel extraction — its core business is structurally incompatible with rapid decarbonization. While the company has made measurable operational emissions cuts and is investing in carbon capture and 'New Energy,' these efforts remain small relative to the scale of upstream oil and gas it continues to expand. Investors should treat SLB as a fossil-fuel enabler pivoting at the margins, not a genuine climate solution.

laggardSLB earns revenue by selling drilling, reservoir characterization, production technology, and digital services to oil and gas operators across more than 120 countries; a nascent 'New Energy' segment (carbon capture, geothermal, hydrogen) generates a small and unquantified share of total revenues.

Commitments & Certifications

Controversy & Greenwashing Watch

highContinued Russia Operations Amid Ukraine War Sanctions

Despite U.S. sanctions, SLB continued enabling Russian oil production through its Russian subsidiary as late as February 2025, leading Ukraine to designate it an international war sponsor.forbes.com

mediumOngoing Residual Iran Banking Relationships

As of Q1 2025, SLB's non-U.S. subsidiaries still maintained accounts at sanctioned Iranian banks (Bank Saderat Iran, Bank Tejarat) to receive legacy payments from NIOC.sec.gov

highFossil Fuel Lobbying via API and IOGP Membership

SLB is a member of the American Petroleum Institute and International Oil and Gas Producers, associations that undertake obstructive climate policy advocacy, while also asserting that oil and gas will remain essential 'under any scenario.'lobbymap.org

mediumHarassment and Labor Class-Action Litigation

Multiple lawsuits including gender harassment suits and overtime exemption disputes have been filed against SLB, revealing systemic labor and workplace culture concerns.grokipedia.com

highU.S. Sanctions Guilty Plea — Iran & Sudan

Schlumberger Oilfield Holdings pled guilty and paid $232.7 million for illegally facilitating trade with Iran and Sudan in violation of U.S. sanctions laws.justice.gov

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