Thread regarding Schlumberger Ltd. layoffs

Adapt to survive

The company couldn’t influence the changes that have taken place in the industry, but I think it could have better adapted to a low-carbon era. Perhaps Schlumberger could better navigate the energy transition?

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It’s too late. The O&G companies that are doing this now are crisis managing. Trying to hurriedly re-brand themselves as ‘technology’ and ‘energy’ companies. The time to do this was 2 decades ago, but there was too much money to be made then and the decision makers knew they’d be comfortably retired before having to concern themselves with this stuff.

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