Is Schlumberger Going Out of Business? A Quality Manager’s FAQ

Before you believe any headline about Schlumberger, run it through the same check I use on a supplier certificate: look at the legal name, the date, and the source. I’m a quality and brand compliance manager for an energy services supplier. I review roughly 200 technical documents and brand assets a year, and I’ve sent work back for smaller inconsistencies than a company suddenly being declared dead.

Looking back, I should have seen the search confusion coming. At the time, I assumed everyone knew about the 2022 SLB rename. They didn’t.

Here are the questions I keep seeing in search logs, plus the answers I’d verify before acting on them.

Most searchers focus on the phrase “going out of business” and miss the real issue: the company changed its name. The better question is, “Did the company rebrand?”

Is Schlumberger going out of business?

No. The corporate entity that used to call itself Schlumberger changed its name to SLB in 2022. SLB still trades on the New York Stock Exchange under the ticker SLB, still publishes financial reports, and still operates oilfield services around the world.

Quick correction: “changed its name” is a simplification. The legal name is SLB, but “Schlumberger” still appears in older documents, parts of the brand identity, and some legal subsidiaries. That mix is one reason search results feel contradictory.

Even after checking the official SLB investor page, I kept second-guessing. What if I’d missed a filing? The only way to settle it was to check the ticker and the legal name again. They line up.

If an article says “Schlumberger is going out of business,” check whether it is reusing an old rumor or confusing the name change with a bankruptcy. The two are not the same.

Does anyone still use the name Schlumberger?

Yes, in practice. Search queries, legacy product names, and some contracts still say Schlumberger. SLB is the current official brand for most of the company. When I review a purchase order, I use the exact legal name from the current SLB entity list, not the old name from memory. This detail matters in oilfield services: the wrong legal entity can delay a job or send a safety document to the landfill.

Who is the president of Schlumberger?

As of my latest check, the current CEO of SLB is Olivier Le Peuch. I don’t see a single company-wide president on the current leadership page. SLB uses “president” for regional or business-line leaders, and those roles change often.

So if a search result says “president of Schlumberger” without naming a person, the source is probably outdated. Look for “SLB management team” and verify the publication date.

Why does “white” show up with Schlumberger?

It depends on what the searcher means. There are two common reasons.

First, people search for “Schlumberger white paper.” SLB publishes technical white papers on drilling, wireline logging, mud logging, formation evaluation, completion, and production topics. If that is what you want, search for “SLB technical library” or “SLB white paper” and look for results from slb.com.

Second, people ask about white trucks. Many SLB field service trucks are white. White paint reflects heat in hot climates and makes safety markings easier to see. It is not a hidden code or a sign that equipment is older.

What about “Eddie Outlet” and “How much is Simparica at Costco?”

Honestly, some search queries don’t belong together. I get asked to verify things outside my area too. Let’s handle those separately.

Is “Eddie Outlet” connected to Schlumberger?

Not that I can verify. I’m careful here because lookalike names cause procurement mistakes. I have not seen “Eddie Outlet” on an SLB brand list, a purchase order, or a quality certificate.

If you found the phrase next to Schlumberger on a product page, do not assume it is official. Check the exact website URL, look for the company’s legal name, and confirm before you enter payment details. A quick source check is cheaper than a disputed charge.

How much is Simparica at Costco?

I won’t quote a price because pharmacy prices change, dosage matters, and I do not have the authority to make a product claim here. Per FTC advertising guidelines, claims need to be substantiated, and a static price from an old forum post is not a reliable source.

If you need the current answer, call the Costco pharmacy directly or check the manufacturer’s website. Confirm the exact product name and strength at checkout. That is the prevention-over-correction approach: verify before you pay, not after.

Why did Schlumberger become SLB?

According to SLB’s own communications, the 2022 rebrand was meant to signal that the company is not only an oilfield services provider but also an energy technology company. The legal name moved from Schlumberger N.V. to SLB, and the NYSE ticker remained SLB.

Oh, and one detail: “SLB” was already the company’s ticker before the rename. That is why seeing the ticker is not enough. Check the legal entity name on the contract.

What should I check before accepting an answer about Schlumberger?

Use a simple source checklist.

• Check the date. A headline from before 2022, before the rename, is not current.
• Check the legal name. SLB is current; Schlumberger may still appear in old material and subsidiaries.
• Check the publisher. Use SLB’s website, investor releases, or SEC filings for company facts.
• Check the named person. If an article says “a company president” but gives no name, treat it as an unverified claim.

In Q1 2024, I rejected 6% of first-time vendor submissions because the legal entity was wrong on the paperwork. The lesson is the same: five minutes of verification beats five days of correction.

So, to answer the main question one more time: is Schlumberger going out of business? No. It is SLB now. Verify the date, verify the source, and don’t let an old headline make a decision for you.