Paal Kibsgaard served as the CEO of Schlumberger Limited from 2011 until his retirement in 2019. He focused on linking executive pay to the performance of the company, emphasizing numbers like earnings per share and cash flow. During his final...

Paal Kibsgaard served as the CEO of Schlumberger Limited from 2011 until his retirement in 2019. He focused on linking executive pay to the performance of the company, emphasizing numbers like earnings per share and cash flow. During his final year, he earned about $10 million in total compensation, with a large chunk coming from bonuses tied to the company’s performance. He had a notable career spanning over 22 years, which included various management roles, particularly in the Middle East and Europe. In 2019, as he transitioned out of his role, he agreed to help the company until July 2022, continuing to receive a $2 million annual salary and benefit from vested stock options. Kibsgaard's story highlights how businesses can create a motivating environment. He kept a steady approach while focusing on growth and performance, which ultimately shaped his financial success and the company's trajectory. This mix of leadership and sharp focus on results sets a standard in the oilfield services industry.