Look, I'm one of the dinosaurs, when I joined Schlumberger had the reputation of the highest paying and most demanding company out there. There was competition to join, SLB hired only the best and paid the best. A long time later - OFS formed, product lines lost their identity, Hi-P-t program became like a cancer forming a legion of yes people. Gradually, SLB became a commodity, no longer could demand the highest price because they had the best people and service. Honestly, I don't know what's left now, but if college kids aren't lining up to join, they are doing something very wrong. Lets hope they have a revelation, and fix it all. (Fat chance)
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Baker Hughes shouldn’t even be considered among these two.
The company has been gutted to the core because incompetent management brought in “yes men and women” underneath them and has been eating away the morale and integrity. It’s all simply smoke-and-mirrors with job postings when the company no longer plans to grow, but to maintain its operations with fewer and fewer skilled employees year after year.
In short, the place has been getting worse and worse since 2012.
I came here hoping to read better things about our competition. 😢
Remember when SLB bragged about highest investment % of into Research & Development in the industry?
Pepperidge Farms remembers.
" A Schlumberger isn't needed except in the most exceptional environments. "
So very true, and the same can be said of Halliburton, and to a much lesser extent, Baker Hughes.
These shale plays offer nothing requiring Tier ONE logging or pumping services.
Why would a customer pay for THE 'name', when the second and third tier companies were started, and manned by EX-Schlumberger, or Halliburton employees.
Dinosaur here too. There was a time, yes, but that time is over. Gone are the days of oil service companies raking in the dollars, the business is tougher these days, the business models have changed to survive. A Schlumberger isn't needed except in the most exceptional environments.
I agree. There is a serious management issue and it is sad to not see the complete disregard of the senior management towards the employees. And let’s not forget that the senior managers who were part of the bad business decisions (like the Cameron acquisition) are still in charge.