Schlumberger Limited's revenue 2008-2019

Schlumberger generated 32.9 billion U.S. dollars in revenue in the 2019 financial year. Founded in France in 1926, today the company is the largest oil service provider worldwide, with four main offices in Houston, Paris, London, and The Hague.

Investment in hydraulic fracturing

Schlumberger Limited is a major manufacturer of the technology used in hydraulic fracturing, which gained speed in the United States following instability in the global oil market during the 2008 financial crisis. Now an economically viable method of extraction, hydraulic fracturing (or “fracking”) made shale and tight oil accessible to U.S. drilling companies, with large reserves of sandstone in Texas and North Dakota.

Shale oil shifts the market

Like many other oilfield services providers in the 2010s, Schlumberger initially recovered from the global recession, nearly doubling its revenue from 2008 to 2014. As the shale oil market expanded, crude oil production in the United States soared, and an oversupply soon followed. After 2014, revenue plummeted across the industry, leading Schlumberger to shift its focus in recent years from its U.S. shale operations to projects in Africa, Asia, and Latin America.

Schlumberger Limited's revenue from 2008 to 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until June 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

January 2020

Region

Worldwide

Survey time period

2008 to 2019

Supplementary notes

This statistic was assembled from several annual reports.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "United States oil industry"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.