Paal Kibsgaard


Paal Kibsgaard is a Norwegian petroleum engineer and businessman; the former chairman and CEO of Schlumberger, the world's largest oilfield services company.

Early life

He was born in Ålesund, Norway in April 1967.

Education

He qualified as a petroleum engineer with a master's degree from the Norwegian Institute of Technology in 1991.

Career

Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. Kibsgaard has been the CEO since 1 August 2011, succeeding Andrew Gould, who retired as chairman and CEO. He has been chairman since April 2015, succeeding Tony Isaac.
Under his leadership, the company laid off approximately 70,000 employees in less than three years.
In 2017, Kibsgaard received $20.8 million in reported pay, which was a 12 percent increase from the previous year.
Kibsgaard retired from Schlumberger on 1 August 2019, and was succeeded as CEO by Olivier Le Peuch, and as chairman by Mark G. Papa.
In 2019, Kibsgaard was hired by Katerra as its COO.

Personal life

He is married, with children.