In North America, revenue of $1.28 billion grew 13% sequentially, outperforming the rig count growth. [2] Contents 1 Early life 2 Collecting art 3 Art patron Ex-racing pro hosts three-day event at Virgina luxury resort, Guests race Radical SR3s to test their driving skills, gravity. This was also a momentous year for us in terms of our commitment to sustainability. Interactive chart of historical net worth (market cap) for Schlumberger (SLB) over the last 10 years. Unlock business performance with unmatched collection, curation, and intelligent interpretation of your data. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX. These statements are subject to risks and uncertainties, including, but not limited to, changing global economic conditions; changes in exploration and production spending by our customers, and changes in the level of oil and natural gas exploration and development; the results of operations and financial condition of our customers and suppliers; the inability to achieve its financial and performance targets and other forecasts and expectations; the inability to achieve Schlumbergers net-zero carbon emissions goals or interim emissions reduction goals; general economic, geopolitical, and business conditions in key regions of the world; foreign currency risk; pricing pressure; inflation; weather and seasonal factors; unfavorable effects of health pandemics; availability and cost of raw materials; operational modifications, delays, or cancellations; challenges in our supply chain; production declines; the inability to recognize efficiencies and other intended benefits from our business strategies and initiatives, such as digital or Schlumberger New Energy; as well as our cost reduction strategies; changes in government regulations and regulatory requirements, including those related to offshore oil and gas exploration, radioactive sources, explosives, chemicals, and climate-related initiatives; the inability of technology to meet new challenges in exploration; the competitiveness of alternative energy sources or product substitutes; and other risks and uncertainties detailed in this press release and our most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005948/en/, Ndubuisi Maduemezia Vice President of Investor Relations, Schlumberger LimitedJoy V. Domingo Director of Investor Relations, Schlumberger Limited The fourth-quarter international revenue performance represents a 13% year-on-year increase, enabling us to accomplish our double-digit revenue growth ambition for the second half of 2021 when compared to the same period in 2020. [45][46], Such sites and entities are as well at the forefront of the SLB New Energy strategy and development. In 1948, Henri Doll established the Schlumberger-Doll Research Center, the springboard for breakthroughs and bold thinking for the company through the second half of the centuryand a hub of innovation still today. Includes depreciation of property, plant and equipment and amortization of intangible assets, APS investments, and multiclient data seismic costs. Today. Carbon Capture, Utilization, and Sequestration (CCUS), Carbon Sequestration Selection and Design, Carbon Monitoring, Verification, and Reporting (MVR), Field Development and Production Software, Process, Compression, and Flow Assurance Software, Site Modeling, Simulation, and Evaluation, Production Chemicals Software and Automation, Pipeline Integrity Monitoring and Leak Detection, Process Live Data-Enriched Performance Service. The following family fortunes are notable for their size, not just in. Learn More about Dianne B. Ralston's net worth. With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. A recent analysis by the Houston Chronicle compared Baker Hughes returns with other oilfield service companies. Learn More about Howard Guild's net worth. Improving performance in the oil and gas industry, Accelerating the transition to low-carbon energy. Adjusted EBITDA margins are projected at between 20.8% and 21.3%, up from about 18% last year On 6/1/21, Schlumberger will trade ex-dividend, for its quarterly dividend of $0.125, payable on 7/8/21. Is There A Hidden Opportunity In Schlumberger Stock? [33], In 2015, due to a downturn in the global oil and gas industry, Schlumberger announced 21,000 layoffs accounting for 15% of the company's total workforce. The company was an Athens 2004 Summer Olympics partner, but the venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5billion. [68] According to a list maintained by the Chief Executive Leadership Institute at Yale University which tracks company responses about operating in Russia, Schlumberger is noted as "buying time" while it continues to carry out the bulk of its business in the country. The analysis overlooked the need for transformation in this sector, praising Halliburton and Schlumberger for oil-focused strategies that might come back to haunt them. Awards from the quarter include: Schlumberger technologieswhich won an array of innovation awards in 2021, including an Offshore Technology Conference Spotlight on New Technology, six World Oil Awards, and two Hart Energy's E&P Meritorious Awards for Engineering Innovationand peer-leading execution capabilities are making significant performance impacts for customers, who are increasingly adopting technologies that help them create differentiated value. [30] Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1billion, including debt. Schlumberger Limited is a leading oilfield services company, providing services to the oil and gas explorers, and producers across the world. And with several strategic acquisitions and company restructuring, SLB began to build a greater spectrum of capabilities for the future. International revenue growth was driven by the double-digit growth in Latin America, mainly in Mexico and Argentina, in Sub-Sahara Africa, and in the Middle East in Kuwait, Qatar, Iraq, and UAE. The following is a reconciliation of certain of these non-GAAP measures to the comparable GAAP measures. The estimated net worth of Olivier Le Peuch is at least $10.43 million as of September 14th, 2020. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Cash Is Paying More Than Traditional Stock-Bond Portfolio, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap. I am truly excited about this year and the outlook for Schlumbergerrooted in capital discipline and superior returns while also continuing to lead technology, digital, and clean energy innovationto enable performance and sustainability for the global energy industry.. These increases were partially offset by seasonal effects in Russia and Scandinavia. [citation needed], In 2004, Schlumberger Business Consulting was launched and a decade later was acquired by Accenture. SLB also introduced the first-generation sonic digital tool for uphole processing. Schlumberger CEO Olivier Le Peuch commented, Strengthening activity, accelerating digital sales, and outstanding free cash flow performance combined to deliver another quarter of remarkable financial results to close the year with great momentum. New, connected tech has improved efficiency and information sharing for more effective drilling in oil and gas, while new offerings for the growing New Energy sector keep SLB on the cutting-edge. He decided to try his luck in Alsace, in the township of Guebwiller. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all. The team evaluated ANPGs technology landscape and digital readiness, resulting in a compressed digitalization roadmap. [22], In 2000, the Geco-Prakla division was merged with Western Geophysical to create the seismic data acquisition and processing contracting company WesternGeco, of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes. Why? Although this marks a slight decline from the $23.6 billion posted in 2020, it is ahead of consensus estimates. This consisted of a gain on the sale of 9.5 million shares of Liberty Oilfield Services (Liberty) of $28 million (refer to Question 12), interest income of $15 million, and earnings of equity method investments of $14 million. In the 1970s, the company's top executives in North America were relocated to New York City. Related by Industry: Construction, Oil & Gas Operations, Mining and Chemicals, Located in Houston-Sugar Land-Baytown, TX Metropolitan Area. What were cash flow from operations and free cash flow for the fourth quarter of 2021? Halliburton is winding down its business in Russia while Schlumberger will not take new work. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. At the same time, SLB remained steadfast in its commitment to R&D by building new research centers, tapping into new talent to build more tailored solutions for new challenges. (Stated in millions, except per share amounts). Furthermore, the use cases for Schlumberger digital solutions also continue to expand into adjacent sectors, increasing the total addressable market and enabling decarbonization in and beyond the oil and gas industry. The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. All values as of most recently reported quarter unless otherwise noted. Enjoy an amazing immersive experience that depicts a century of energy innovation at our museum in Normandy, France. This fourth-quarter and full-year 2021 earnings press release, as well as other statements we make, contain forward-looking statements within the meaning of the federal securities laws, which include any statements that are not historical facts. Data Provided by Refinitiv. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Those not already held by Primat and his. 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