Schlumberger 2011 Annual Report - page 79

17. Segment Information
Schlumberger previously reported its results on the basis of five business segments – Schlumberger Oilfield Services,
WesternGeco, M-I SWACO, Smith Oilfield and Distribution and by geographical areas within Schlumberger Oilfield
Services. As a result of the acquisitions of Smith and Geoservices, the range of Schlumberger’s activities comprising
exploration and production services is so broad that it has changed the primary way in which it allocates resources and
assesses performance. Consequently, effective with the first quarter of 2011, Schlumberger changed its primary
reporting to product group segments (the “Groups”).
The Groups are as follows:
Š
Reservoir Characterization Group
– Consists of the principal technologies involved in finding and defining
hydrocarbon deposits. These include WesternGeco, Wireline, Testing Services, Schlumberger Information
Services and Data & Consulting Services.
Š
Drilling Group
– Consists of the principal technologies involved in the drilling and positioning of oil and gas
wells and is comprised of Bits & Advanced Technologies, M-I SWACO, Geoservices, Drilling & Measurements,
PathFinder, Drilling Tools & Remedial, Dynamic Pressure Management and Integrated Project Management
well construction projects.
Š
Reservoir Production Group
– Consists of the principal technologies involved in the lifetime production of
oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Subsea,
Water Services, Carbon Services and the Schlumberger Production Management field production projects.
The Groups are collectively referred to as “Oilfield Services”. Additionally, Schlumberger also reports the
Distribution business, acquired in the Smith transaction, as a separate segment.
All prior period segment disclosures have been recast to reflect the new segments.
Financial information for the years ended December 31, 2011, 2010 and 2009, by segment, is as follows:
(Stated in millions)
2011
Revenue
Income
before
taxes Assets
Depn. &
Amortn.
Capital
Expenditures
OILFIELD SERVICES
Reservoir Characterization
$ 9,929 $2,449 $ 7,621 $1,285
$1,057
Drilling
14,248 2,275
9,268 1,026
1,460
Reservoir Production
12,748 2,616
7,834
598
1,343
Eliminations & other
(1)
34
(35)
1,956
163
148
36,959 7,305 26,679 3,072
4,008
DISTRIBUTION
2,621
103
939
6
8
Eliminations
(40)
2,581
103
Goodwill and intangible assets
19,036
All other assets
2,198
Corporate
(2)
(592)
6,349
203
Interest income
(3)
37
Interest expense
(4)
(290)
Charges & credits
(5)
(225)
$39,540 $6,338 $55,201 $3,281
$4,016
61
1...,69,70,71,72,73,74,75,76,77,78 80,81,82,83,84,85,86,87,88,89,...106
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