What is the position of slb regarding renewable energy

Schlumberger's position regarding renewable energy is multifaceted, reflecting its commitment to innovation and sustainability:

1. **Investment in New Energy**: Schlumberger has ventured into renewable energy through investments in companies like EnerVenue and partnerships with organizations focused on clean energy, such as the agreement with Sonatrach to develop a bioenergy with carbon capture and sequestration (BECCS) project.
2. **Research and Development**: The company is actively involved in R&D, driving energy innovation for a balanced planet. Their solutions accelerate the transition to low-carbon energy, as evidenced by their work on carbon capture technologies.
3. **Strategic Partnerships**: Collaborations with companies like NVIDIA and Sonatrach demonstrate SLB's willingness to partner with industry leaders to drive technological advancements in renewable energy.
4. **New Energy Jobs**: Schlumberger offers opportunities in new energy, including roles in clean hydrogen production, carbon capture, and geothermal power.
5. **Carbon Negative Projects**: The company is involved in carbon negative projects, such as the BECCS project in Mendota, California, which aims to produce carbon negative power.

In conclusion, Schlumberger's engagement in renewable energy indicates a strategic shift towards sustainability and a commitment to innovation in the energy sector. While the company has historically been associated with traditional oil and gas services, its investments and partnerships in renewable energy reflect a proactive approach to addressing the world's energy challenges and contributing to a more sustainable future.