Schlumberger says carrying value of Russia assets is $800 million
BY Reuters — 9:43 AM ET 04/27/2022
April 27 (Reuters) - Oilfield services firm Schlumberger NV (SLB)
on Wednesday said the carrying value of its net assets
in Russia was roughly $800 million as of March 31, 2022,
according to a filing with the U.S. Securities and Exchange
Commission (SEC).
Russia represents roughly 5% of Schlumberger's (SLB) revenue, the
company said. The company has said it will suspend new
investments and technology deployments in Russia following its
invasion of Ukraine, which Russia calls a "special operation."