Close-up of Schlumberger oil services company logo on equipment, August 16, 2019 (photo by … [+] Smith Collection / Gado / Getty Images)
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With the pandemic causing a paradigm shift in energy demand, Schlumberger (NYSE: SLB) restructured its organization to focus on digital solutions for the existing oil and gas industry and the budding renewable energy sector. As crude oil prices are expected to remain low for a couple of years, there is a growing demand for technology solutions to improve business productivity and reduce capital costs. In the second quarter of 2020, Schlumberger signed an agreement with Exxon Mobil to jointly develop and implement …
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