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SLB, HAL, BHGE, and FTI: Understanding Key Business Areas

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Schlumberger’s business

Schlumberger (SLB) provides a range of products and services for hydrocarbon recovery that optimizes reservoir performance. The company operates through four segments—Reservoir Characterization, Drilling, Production, and Cameron. The Reservoir Characterization segment provides technologies involved in finding and defining hydrocarbon resources.

The Drilling segment provides technologies related to the drilling and positioning of oil and gas wells. The Production segment provides technologies for the lifetime production of oil and gas reservoirs. Schlumberger’s Reservoir Characterization, Drilling, and Production segments contributed ~85% of the company’s second-quarter operating income.

Schlumberger’s Cameron segment provides technologies involved in pressure and flow control for drilling rigs, oil and gas wells, and production facilities.

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Halliburton’s business

Similar to Schlumberger, Halliburton (HAL) provides products and services to maximize value throughout the lifecycle of the reservoir. The company operates through two segments—Drilling and Evaluation and Completion and Production.

Baker Hughes

Baker Hughes (BHGE) provides services and solutions across the oil and gas value chain. The company operates through four segments. Baker Hughes’ Oilfield Services segment provides products and services across a well’s lifecycle. The company’s Oilfield Equipment segment’s portfolio includes deepwater drilling equipment, subsea production systems, flexible pipe systems, and related services.

Baker Hughes’ Turbomachinery and Process Solutions segment provides equipment and related services across the oil and gas industry, including the downstream sector. The segment’s customers include upstream, midstream, and downstream operators. Baker Hughes’ Digital Solutions segment provides software and solutions to improve the outcomes for oil and gas businesses.

TechnipFMC’s business

TechnipFMC (FTI) offers its products and solutions for the oil and gas industry through three segments—Subsea, Onshore/Offshore, and Surface Technologies.

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