Talk about a Transformation. Since PK took the joystick in 2011, SLB has lost $60 billion in market cap, laid off 70 thousand workers, guided the share price to lows not seen since the Financial Crisis of 2008-09, received indictments and paid fines totaling $250 million for violating sanctions in Iran and the Sudan, and bought the maker of the BOPs that failed at Macondo for $10+ billion.
He sounds like an ideal fit for SLB senior management! He’ll be promoted and receive performance-related RSUs shortly. We all thank Paal for his thoughtful guidance, inspiring words, and once-in-a-generation leadership.