Oct 16

Oil field service companies and Russia in 2022.

🟢 Baker Hughes (BKR.O) and Halliburton (HAL.N) are selling or have sold their oilfield services units in Russia.

At the same time:
🔴 Weatherford (WFRD.O) suspended new investments there but maintains a presence in the country.

🌼April 2022

🔴 Schlumberger (SLB.N) suspended new investments and technology deployment in Russia, but decided to remain.
💬 Olivier Le Peuch (CEO of Schlumberger): “hopeful for a quick cessation of hostilities.”

Translation from “blah blah blah English” into English:
“Our top priority is profit, so we continue operations in Russia despite our complete understanding that it reduces chances for a quick cessation of hostilities”.

🍂October 2022 (six months later)
Some of Schlumberger’s (SLB.N) more than 9,000 Russian employees have begun receiving military draft notices through work, and the company is not authorizing remote employment to escape mobilization.

💬 “The local leadership team is managing an incredibly complex and difficult situation,” a Schlumberger spokesperson said, adding managers are obligated “to comply with local laws and regulations, especially when failure to do so could create additional risk for our local employees.”

Translation from “blah blah blah English” into English:
“It is completely ok for us if some of our employees will be engaged in war crimes🔪🩸 of the Russian army in Ukraine. If some of them will be killed it is also not an issue”

💬”International sanctions do not permit U.S. or E.U. persons to provide consultation or instructions on employment practices to Russia,” the spokesperson said.

Translation from “blah blah blah English” into English:
“Unfortunately such consultations are prohibited, but if it was not prohibited Schlumberger would be happy to provide such consultations because we love Russian money very much and absolutely don’t care about the killing Ukrainian civilians”

🎪Fun fact:
Values declared by Schlumberger on their official website:

People
Technology
Profits

📌Summary:
Schlumberger and its ~9000 employees in Russia pay taxes, deliver value to the oil industry of Russia and every day help Russia to stay strong enough to continue war crimes🔪🩸 in Ukraine.

⁉️Just assumptions:
If you are an #employee of Schlumberger maybe it’s time to think about changing the company as a sign of protest against the policy of your company.

If you are a #customer of Schlumberger maybe it’s a good time to consider changing the supplier to one that does not support Russian war crimes in Ukraine.

If you live in the city with an office of Schlumberger (for example, the headquarters of Schlumberger is located in #Houston, Texas 🇺🇸) think about if you like an idea to show some protest against the business decisions of this company.