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Analysis of Schlumberger’s External Environment

   

Added on  2021-06-18

5 Pages887 Words90 Views
SCHLUMBERGER TECHNOLOGIESName CourseDate

1IntroductionSchlumberger provides information and technology by ushering integrated project management solution to international industries which deal with production and exploration of oil and gas. It is further categorized into segments to aid its operations namely: drilling group, reservoir characterization group and production group1. Each segment has its specifiedduties with the reservoir characterised group consisting principal technologies essential in finding and defining resources that are hydrocarbonate. On the other hand, drilling segment consists of principal technologies that are used in the drilling and positioning of gas and oil wells. The Production group segment entails provision of technologies relevant to a lifetime production of gas and oil. This company was founded in 1926 by Marcel Schlumberger and Conrad Schlumberger and holds its headquarters at Houston, TX.Analysis of Schlumberger’s External EnvironmentSchlumberger has met a ‘PEST’ analysis through a number of characteristics2. It has continually followed government’s rules on payment of taxes. This organization is driven towards addressing the welfare of its employees as it provides motivational gifts in jobs well done. Employment of many employees reflects its contribution to economic growth. Socially,Schlumberger attends to their customers’ needs by providing an array of options to choose from. Moreover, integration of advanced technology has helped in efficient utilization of resources and provision of convenient products.Schlumberger’s Market Competitiveness1Kaushik, Bhanu, and Samir Menasria. "METHODS AND SYSTEM TO REDUCE IMPERCEPTIBLE LAB EXPERIMENTS." U.S. Patent Application 15/187,138, filed December 21, 2017.2Trevino, Linda K., and Katherine A. Nelson.Managing business ethics: Straight talk about how to do it right. John Wiley & Sons, 2016.

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