SLB Expands Russian Operations Despite Competitor Withdrawal
Schlumberger(SLB) ZACKS·2024-08-19 21:25
SLB (SLB) , an American oilfield services company, is expanding its operations in Russia, capitalizing on the exit of key Western competitors following Russia's full-scale invasion of Ukraine, per a Financial Times report. The Houston-based company has secured new contracts and increased its workforce in Russia, which contrasts sharply with the actions of major competitors that withdrew from the market in 2022.New Contracts and Recruitment SurgeDespite the geopolitical tension, SLB has continued to strength ...