The LeadersIn Maritime Law

Schlumberger Limited

5599 San Felipe, 17th Floor
Houston, TX 77056
Phone: (888) 346-5024

Schlumberger is the world’s largest oilfield services company, supplying technology, information solutions, and integrated project management for customers working in the oil and gas industry. The company’s oilfield services segment accounts for about 90% of the company’s revenue. WesternGeco, which accounts for about 10% of the company’s revenue, provides reservoir imaging, monitoring, and development services to land, marine, and shallow-water well projects.

An Aug. 2, 2010 Bloomberg Businessweek article noted that Schlumberger Limited’s (NYSE:SLB) 2009 fourth-quarter profits fell 31%. Schlumberger’s services help oil exploration and production companies extract oil and natural gas from the ground, and the company’s revenue is strongly affected by the production and consumption of oil and natural gas, which dropped. Revenues for 2009 were $22.7 billion, a decline of 18% as compared to 2008. Schlumberger is headquartered in Houston, but more than half of the company’s sales in 2009 came from Europe, Africa, the Middle East, and Asia. The moratorium on certain drilling operations in the US Gulf of Mexico had little effect on the company as Gulf of Mexico operations represent a relatively small portion of Schlumberger’s revenue.

Competitors of Schlumberger include Baker Hughes, Halliburton Company, and BJ Services Company, all of whom provide oilfield services to oil and natural gas exploration and production companies. Schlumberger is by far the largest supplier of products and services to oil and natural gas customers worldwide. Though business was down sharply last year, Schlumberger posted more than $22 billion in annual revenue. Its next biggest competitor, Houston- and Dubai-based Halliburton, posted less than $15 billion.

Schlumberger Ltd and Houston-based drill bits maker Smith International, Inc. jointly announced on July 27, 2010 that the U.S. Department of Justice has cleared their proposed merger with no conditions. The European Commission had already cleared the proposed merger. Both Schlumberger and Smith are significant employers in the Houston area, with Schlumberger employing approximately 5,000 and Smith International employing more than 3,700 people in Houston.

What is it Like To Work With Arnold & Itkin

Arnold & Itkin represented nearly a third of the crewmembers injured in the Deepwater Horizon explosion.

I encountered professionalism, understanding, compassion… lot of compassion. They really felt for what me and my wife were going through.
~ Deepwater Horizon Crew Member

Work with a lawyer who truly understands Maritime Law.

Because maritime law is so complex and so complicated, it is crucial that you work with an attorney who has an in-depth understanding of how it works and who has proven themselves in similar cases before.

Related Maritime Videos
  • Arnold & Itkin has represented offshore workers nationwide and has recovered billions of dollars. Watch this video to learn how and why that matters.

  • Arnold & Itkin has achieved record-setting verdicts for offshore workers across the country, representing survivors and victims of the nation’s biggest offshore tragedies.

  • At Arnold & Itkin, our success can be traced to one core belief that we've held throughout the years: every case is personal to our team.

  • At Arnold & Itkin, we pride ourselves on giving our clients access to the best lawyers and best legal team possible. Because that's how you get the best results.

  • Our founding partners have worked together for more than a decade.

  • We know this a difficult time. Let us help.

Discuss Your Legal Rights & Options

Free Case Evaluation

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your email address.
  • Please enter your phone number.
  • Please make a selection.