SLB to halt remaining shipments to Russia, CEO says

SLB CEO Olivier Le Peuch stated on the company’s Q2 call, according to a transcript: “Simply said, I think Russia revenue represented approximately 5% of our consolidated revenue in the second quarter and the decision that we have made last Friday to halt remaining shipment to Russia from all SLB facility will not impact our financials. So this decision, and what you have seen as our previous ban on shipments from the location that we had in the United States, the U.K., Canada into Russia, and we will continue to ensure that our remaining presence in Russia, meets and exceeds all international sanctions.”