Positioned for lasting success

Our Sustainability Progress – CEO Letter

Over the past year, the focus on securing affordable energy has continued to increase, driven by economic growth, increasing power demand from AI and data centers and shifting geopolitical dynamics. Against this backdrop, our commitment to sustainability has remained firm. We continue to lead with purpose, advancing technologies and partnerships that enable lower-carbon energy systems while strengthening the impact we deliver for our customers and the communities we serve.

Our progress is driven by a simple belief: that sustainability is not a set of isolated initiatives, but a guiding principle that shapes everything we do. As a technology company, we know that innovation is needed to unlock new levels of sustainability performance, and this is exactly why our sustainability team is embedded within our technology function. It ensures that innovations we bring to market are designed with sustainability in mind, so that we can create value for our business, our customers and the planet.

This year, we achieved several milestones that reflect this approach. These include expanding our methane management portfolio, enhancing life cycle assessment capabilities for more accurate emissions measurement, and further decarbonizing our supply chain. We also welcomed ChampionX into SLB and are already realizing the benefits of our combined supply chain, operational excellence and shared best practices.

On our journey to net zero, we met our 2025 interim milestone, reducing Scope 1 and 2 emissions by 40% from our 2019 baseline. We are also implementing ambitious strategies to cut Scope 3 emissions by 2030, already achieving a 27% reduction from 2019 levels. Scope 3 remains our most complex challenge, and we are committed to working with our customers and suppliers to develop the solutions needed to achieve lasting progress.

While we are proud of what we have accomplished, our work is far from finished. We remain committed to innovation, collaboration and transparency, and we will continue taking a long-term view, guided by a values-led approach and focused on our three sustainability priorities: climate action, people, and nature.

As we celebrate 100 years of SLB, I am as excited about our future as I am proud of our past. Together, with our customers and partners, we will continue creating amazing technology that unlocks access to energy for the benefit of all, while ensuring progress for people and the planet.

Olivier Le Peuch
Chief Executive Officer