SLB

NYSE: SLB29Laggard· Provisional

0 followersOil & gas·Houston, TX, United States·Founded 1926

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.

29/100

Laggard· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: high

SLB· NYSE

USD 47.08▲ 36.11%

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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

CDP: A- Climate / A Supplier Engagement ↗other: MSCI ESG Rating: AA ↗other: Dow Jones Best-in-Class World Index — Included ↗SBTi: Not validated — commitment only ↗

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.source ↗

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.source ↗

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.'source ↗

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.source ↗

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.source ↗

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