New Schlumberger CEO Outlines Strategic About-Face
New Schlumberger CEO Outlines Strategic About-Face
At the Barclays CEO Energy-Power Conference on Wednesday, Olivier Le Peuch, CEO of oilfield services company Schlumberger Ltd., outlined the company’s strategy going forward. Put simply, that strategy is to drive down costs through digitization and shedding non-performing businesses, and thereby drive up returns.
Investors reacted positively to Le Peuch’s presentation, of course, especially the bit where he said that...