Schlumberger Ltd., founded 96 years ago, has changed its brand to SLB, underscoring its vision for a “decarbonized energy future,” the company said Monday.

The rebranding to the New York Stock Exchange symbol is designed to affirm its transformation from the world’s largest oilfield services company to focus on “driving energy innovation for a balanced planet” as a global technology firm.

The company, which issued its third quarter results last week, today is recognized as the world’s largest oilfield services (OFS) firm.

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“Today we face the world’s greatest balancing act – providing reliable, accessible and affordable...