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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."

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