Schlumberger pivots portfolio towards net zero
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
US oilfield services provider Schlumberger has become the latest oil and gas firm to pledge net-zero emissions by 2050. The decarbonisation drive includes scope three emissions, making Schlumberger the first energy services company to cover indirect customer emissions. The three-pronged company roadmap commits Schlumberger to several interim emissions targets. The company aims to reduce scope one and two emissions by 30pc by 2025, using 2019 as the baseline year. By 2030, Schlumberger expects to cut this down further to 50pc, as well as scope three greenhouse gas emissions by 30pc, before hitting the final net-zero target in 2050. Uniquely, the company is targeting its entire value chain rat
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined






