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Founders

Who Founded SLB?

Conrad Schlumberger, Marcel Schlumberger · Founded 1926 · HQ today: Houston, Texas

Who founded SLB?

SLB was founded by Conrad Schlumberger, Marcel Schlumberger in 1926. It is now led by Olivier Le Peuch.

Founders
Conrad Schlumberger, Marcel Schlumberger
Founded
1926
Headquarters
Houston, Texas
Number of founders
2
Current CEO
Olivier Le Peuch (since 2019)
Where was SLB founded?
SLB was founded in Paris, France in 1926.
When was SLB founded?
SLB was founded in 1926.
Who started SLB?
SLB was founded by Conrad Schlumberger and Marcel Schlumberger.
How old is SLB?
SLB is 100 years old as of 2026.

Founding Story

In the 1920s finding oil depended largely on luck. Two French brothers, Conrad and Marcel Schlumberger, worked from the fact that different rocks conduct electricity differently. They built a device that was lowered into a borehole on a wire to measure the electrical resistance of the rock, which showed where oil was likely to be. Their method turned exploration into a measurable science and became the basis of the company.

Conrad Schlumberger

Co-founder 1926

Background

French physicist and innovator.

Role at SLB

Conrad Schlumberger founded the company in 1926 alongside his brother Marcel. He was a brilliant French physicist who invented a revolutionary technique for mapping underground rock formations using electrical resistance. This absolute breakthrough completely changed the global oil industry, allowing prospectors to precisely 'see' underground before drilling highly expensive dry wells. Conrad Schlumberger was born in 1878.

Marcel Schlumberger

Co-founder 1926

Background

Marcel Schlumberger co-founded the company in 1926, providing the critical business acumen and commercial strategy to scale Conrad's scientific inventions, but his defining moment arrived during World War II when he relocated the company's core intellectual property and leadership to the United States, ensuring the company's survival and post-war global dominance.

Role at SLB

Marcel Schlumberger was an engineer and businessman who partnered with his brother Conrad to commercialize their influential wireline logging technology. While Conrad focused on the physics and sensor development, Marcel managed the complex logistics, international partnerships, and commercial strategy required to sell their services to the world's major oil companies. Following Conrad's death in 1936, Marcel assumed sole leadership of the company, handling the treacherous geopolitical landscape of pre-war Europe. When Germany invaded France in 1940, Marcel made the critical decision to flee to the United States, carrying the company's proprietary schematics and core engineering team. He established Schlumberger Well Surveys in Houston, Texas, forging vital relationships with the US military and the domestic oil industry. Marcel's strategic foresight in relocating the company's intellectual capital to the US not only ensured the company's survival during the war but positioned SLB to dominate the post-war boom in Middle Eastern and global oil exploration, cementing his legacy as the architect of the company's global footprint. Marcel Schlumberger was born in 1884.

SLB: CEO & Leadership History

Full timeline →

Olivier Le Peuch

Chief Executive Officer

2019 – Present

As the current CEO, he navigated the catastrophic collapse of oil prices during the 2020 pandemic by ruthlessly slashing costs, shedding unprofitable North American fracking businesses to protect margins.

Paal Kibsgaard

Chairman and Chief Executive Officer

2011 – 2019

Serving as CEO from 2011 to 2019, he led the company through one of the absolute worst, most prolonged downturns in the history of the global oil industry.

Andrew Gould

Chairman and Chief Executive Officer

2003 – 2011

He bought Smith International in 2010. Paal Kibsgaard succeeded him in 2011.

Keep researching SLB

Who Founded SLB? FAQ

Who were the founders of SLB?

SLB was founded in 1926 in Paris by French brothers Conrad Schlumberger (1878-1936) and Marcel Schlumberger (1884-1953).

Who was Conrad Schlumberger and what was his scientific expertise?

Conrad Schlumberger was a brilliant physicist and professor at the École des Mines de Paris. He theorized that electrical currents passed through the Earth could detect underground ore bodies and rock structures based on differing electrical conductivity.

Who was Marcel Schlumberger and what was his technical contribution?

Marcel Schlumberger was an inventive mechanical engineer from the École Centrale de Paris. While Conrad developed the physical theories and mathematical calculations, Marcel designed the rugged probes, winches, cables, and mechanical instruments needed in harsh field environments.

What was the breakthrough experiment conducted on September 5, 1927?

In Pechelbronn, Alsace, France, the brothers and colleague Henri-Georges Doll lowered an electrical sonde down Diefenbach well 2905, stopping every meter to record resistivity on a galvanometer, generating the world's first well log.

Who funded the brothers' early scientific research?

Their father, Paul Schlumberger, a wealthy textile industrialist from Guebwiller, Alsace, financed their initial experiments with 500,000 francs in 1919 under an agreement that they prioritize pure scientific discovery over commercial exploitation.

Who was Henri-Georges Doll and what was his role in the founding team?

Henri-Georges Doll, Conrad's son-in-law, was a brilliant engineer who conducted the first log in 1927 and invented continuous optical recording, the SP (spontaneous potential) log, and micro-resistivity tools, authoring over 70 fundamental logging patents.

How did the founders introduce their technology to the United States?

In 1929, the brothers brought their equipment to the Shell Oil Company in California, and in 1932 logged wells in the booming East Texas oilfield, proving their technology could prevent costly blowouts and identify hidden oil pay zones.

When did Conrad Schlumberger pass away?

Conrad Schlumberger passed away unexpectedly in May 1936 in Stockholm, Sweden, at the age of 57, after contracting a sudden pulmonary illness while returning from a technical business trip in Russia.

How did Marcel Schlumberger lead the firm through World War II?

Marcel led the company through the late 1930s and World War II, moving operations to Houston, Texas, to support Allied wartime petroleum production while protecting French staff and facilities in occupied Europe until his death in 1953.

What honors and awards did the founders receive?

Conrad and Marcel Schlumberger were awarded the prestigious Anthony F. Lucas Gold Medal by AIME, and the European Association of Geoscientists and Engineers (EAGE) awards the annual Conrad Schlumberger Award in his honor.

What museum preserves the history of the Schlumberger brothers?

The Château de Crèvecœur in Normandy, France, houses the Musée Schlumberger, preserving the original hand-drawn logs, electrical galvanometers, and field equipment used by the founding brothers.

What is the lasting legacy of Conrad and Marcel Schlumberger?

The Schlumberger brothers founded the entire field of petrophysics and subsurface geophysics, inventing the measurement technologies that discovered over half of the world's conventional oil and gas reserves.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.