I worked 9 years in SLB, left and went into finance. Although it's been quite some time, I just have to say I wish I had left way earlier. After touching base recently with few friends that are still in the company and in management positions, all I have to say is wow! If I was any young person, I would not even think about joining this crooked and fraudulent organization.
With that said, I will not bash the company from the inside as I am not in a fair position to do so. However, I will offer a warning, perhaps only my opinion, but it is coming from the outside, from one of the largest investment firms in the world.
The financial world is souring heavily on companies like SLB as they are fully aware of the "faker" companies in the world. The "digital" transformation and false sustainability narratives are not being bought by any major investor from Hong Kong to Wall St. It is obvious that SLB is trying to rebrand the same cr---y assets and technology that have existed for the last 3 generations with some kind of digital and ESG spin. Arguing that BlueFlex scheduling is now a carbon reduction initiative isn't at all bought by any respected analyst or fund manager. Another example, the se-ual harassment lawsuits and claims that the ConnectWomen ERG serves good governance are totally lost when the company cannot provide any tangible proof that any solid recommendation was ever implemented. It's such a false surface narrative that is taking place and destroying any credibility in the investment world.
There is no serious sustainability progress or concern for climate action. The paltry investments under the banner of "New Energy" are merely drops in the bucket compared to what other companies are pouring in along with the VC and seed money going into this space are absolutely clear evidence that the primary objective is to prevent capital flight by putting some spare change backing unproven and high-risk horses in the renewable energy space in order to prevent a massive sell-off of shares. SLB is so far behind and so far away from the reality of competing effectively in the "New Energy" space that it's almost criminal negligence to make the claims they are attempting to falsify to the retail investors.
Anyway, the cat is out of the bag and the investment world is going to come down hard on the fake actors like SLB. Be forewarned, if you are an employee, I would start looking outside ASAP. Any new graduate should avoid SLB especially if they truly care about their future. As an investor, get ready to pull your money out as soon as you see a fair exit point in the next few months. The massive sell-off is coming. Expect the stock price to return to teen levels within a year.
You have been warned.