Houston Oil Giant SLB Still Enabling Russian Oil Production Despite U.S. Sanctions

The SLB headquarters in Houston, Texas, US, on Tuesday, April 2, 2024. SLB agreed to acquire rival oilfield service provider ChampionX Corp. for $7.8 billion in an all-stock deal, a move that will bulk up SLBs portfolio as aging shale fields prompt US drillers to seek better technology to maintain oil and gas production. Photographer: Mark Felix/Bloomberg© 2024 Bloomberg Finance LPWhen the U.S. rolled out fresh sanctions targeting Russia's oil sector in January 2025, prohibiting American citizens from provi ...