Climate Lobbying Overview: Schlumberger has positive top-line positions on climate policy, but with mixed positions on more detailed policy areas. The company has stated support for methane regulations, and has stated support for green hydrogen to transition the energy mix. However, it also appeared to support further exploration and production of oil and gas.

Top-line Messaging on Climate Policy: Schlumberger has limited though positive top-line communications on climate policy. The company accepts some of the science of climate change, and its CEO Olivier Le Peuch appeared to support the Paris Agreement and its goal of limiting global warming to 1.5 degrees in June 2021.

Engagement with Climate-related Regulations: Schlumberger appears to have limited transparency regarding its engagement with specific climate regulations. As reported by World Oil in March, Schlumberger appeared to support government policy to facilitate methane emissions reduction. In its 2021 CDP disclosure, Schlumberger stated it has offered technical support for policymakers regarding methane emission regulation, without providing details on what it suggested. Beyond this, InfluenceMap has not found evidence on the company’s engagement on other streams of climate policy.

Positioning on Energy Transition: Schlumberger appears to have a somewhat negative position on the energy transition. In an interview reported on its corporate website in March 2022, Schlumberger’s Emissions Business Director Kahina Abdeli-Galinier appeared to support fossil gas with methane abatement measures as ‘a critical fuel during the transition to a zero-carbon economy,’ however, with ambiguity around the longer term transition towards a fully zero-emissions energy system. In a March 2022 press release, the company stated that the Tilenga project, an oil exploration project in Uganda, is ‘strategically significant to accelerated economic growth in Uganda.’ In a speech reported in a September 2021 press release, CEO Olivier Le Peuch suggested that increased capital investment is needed to expand oil and gas production to meet the demand. However, on its corporate website, last accessed in April 2022, the company also stated support for using green hydrogen to decarbonize transport and industries.

Industry Association Governance: As of April 2022, Schlumberger discloses US industry associations on its corporate website and 2021 CDP disclosure without detailing the groups’ positions on climate policy, how its own positions align, or any attempts to influence the groups’ position. Schlumberger failed to disclose its membership to the Australian Petroleum Production & Exploration Association (APPEA) and International Association of Oil and Gas Producers (IOGP). Both organizations have lobbied against the transition from fossil fuels.