Houston Oil Giant SLB Still Enabling Russian Oil Production Despite U.S. Sanctions
1. SLB to acquire ChampionX for $7.8 billion, enhancing its service portfolio. 2. Despite sanctions, SLB continued tech transfers to Russia as of February 2025. 3. Ukraine labels SLB a war sponsor, citing its role in Russian oil services. 4. Increased scrutiny from U.S. lawmakers could impact SLB's operations in Russia. 5. SLB's Russian revenue constituted about 4% of its global total in 2024.