Sundar PichaiSundar Pichai earned $164M in 2023

Olivier Le Peuch is the CEO of Schlumberger, a leading oilfield services company, since August 2019. He’s been with Schlumberger for over 30 years, starting as an electrical engineer. His journey through various management roles shows he knows the business...

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Olivier Le Peuch

CEO of Schlumberger

Education

Master's degree in microelectronics from Bordeaux University of Science

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1964 - 61 years ago

CEO of Schlumberger for

5 years 8 months (Aug 2019 - Present)

Previous Experience

Joined Schlumberger in 1987; held various global management positions

Holdings

See how much did Olivier Le Peuch make over time.

Olivier Le Peuch has a significant history with Schlumberger’s stock. In 2023, he did not receive any new stock awards, which is unusual considering his past stock holdings that have been substantial. His past performance share units could amount to...

Mar 18, 2025

Total Stock Sold

$659.40K

SLB

$659.40K

15,000 SLB shares

What if they kept their stock?

If Olivier Le Peuch didn't sell their stock, today they would have:
Extra SLB15,000 shares worth $247.05K.
This is -62.53% and $412.35K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Olivier Le Peuch.

SLB

256,579 shares

SLB

Jan 17, 2025

Received

SLB

55,145 shares

SLB

Mar 1, 2024

Received

SLB

387,770 shares

SLB

Jan 19, 2024

Received

SLB

38,077 shares

SLB

Mar 4, 2022

Received

SLB

865,710 shares

SLB

Jan 21, 2022

Received

SLB

$44.80K

SLB at $29.75/share

Apr 6, 2021

Purchase

SLB

3,450 shares

SLB

Mar 12, 2021

Received

SLB

27,014 shares

SLB

Jan 22, 2021

Received

SLB

$448.85K

SLB at $17.95/share

Sep 14, 2020

Purchase

SLB

3,158 shares

SLB

Apr 3, 2020

Received

Compensation History

See how much did Olivier Le Peuch make over time.

In 2023, Olivier Le Peuch's total compensation reached about $5.2 million, which includes a base salary of $1.55 million and a bonus of around $3.5 million. His bonus was tied to critical company goals, like achieving adjusted EBITDA and free cash flow targets. It’s important to note that he did not receive any stock awards that year, a departure from his compensation in past years. In 2022, for example, his total compensation was around $3.7 million, bolstered by stock that vested with significant value. This highlights a year where he was rewarded more for past performance. The structure of his pay is designed not just to compensate him, but also to motivate performance, linking rewards directly to company success and strategic goals. This philosophy indicates that leadership at Schlumberger prioritizes aligning executive pay with stockholder interests.

Year

2023

Total Compensation

$5.23M

Salary

$1.55M

Board Justification

The compensation philosophy for the CEO in 2023 was to align with company performance, focusing on achieving quantitative financial objectives and strategic personal objectives. The compensation structure was designed to motivate and incentivize outperformance, maintain stability, and retain top talent through business cycles.

Bonus

$3.50M

Board Justification

The bonus for 2023 was based on achieving quantitative Company financial objectives, such as adjusted EBITDA and free cash flow, as well as strategic personal objectives. The total maximum STI payout for 2023 was 200% of target, and the weighted payout range for each metric as a percentage of target was reflected by the outer bars in the 2023 STI Opportunity Mix chart.

Other

$174.85K

Board Justification

Other compensation includes unfunded credits to the Restoration Savings Plan ($94,493), employer contributions to the SLB 401(k) Plan ($16,500), financial planning services ($13,800), and housing allowance ($50,052).

Restricted Stock

$0.00(0 RSU)

Board Justification

Olivier Le Peuch did not vest in any stock awards in 2023 because he did not receive any LTI award in 2020.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2023 included adjusted EBITDA, free cash flow, and strategic personal objectives, with a focus on achieving quantitative Company financial and non-financial objectives.

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