Schlumberger 2012 Annual Report - page 25

Form 8-K, its proxy statements and Forms 3, 4 and 5 filed on behalf of directors and executive officers, and
amendments to each of those reports, as soon as reasonably practicable after such material is filed with or furnished to
the Securities and Exchange Commission (“SEC”). Alternatively, you may access these reports at the SEC’s Internet
website at
Schlumberger’s corporate governance materials, including Board Committee Charters, Corporate Governance
Guidelines and Code of Ethics, may also be found at
From time to time, corporate governance
materials on our website may be updated to comply with rules issued by the SEC and the New York Stock Exchange
(“NYSE”) or as desirable to promote the effective governance of Schlumberger.
Any stockholder wishing to receive, without charge, a copy of any of Schlumberger’s SEC filings should write to the
Secretary, Schlumberger Limited, 5599 San Felipe, 17
Floor, Houston, Texas 77056, USA.
Schlumberger has filed the required certifications under Section 302 of the Sarbanes-Oxley Act of 2002 as Exhibits
31.1 and 31.2 to this Form 10-K.
The information on our website or any other website is not incorporated by reference in this Form 10-K and should
not be considered part of this Form 10-K or any other filing Schlumberger makes with the SEC.
Item 1A. Risk Factors.
The following discussion of risk factors are important information in understanding our “forward-looking
statements,” which are discussed immediately following Item 7A. of this Form 10-K and elsewhere. These risk factors
should also be read in conjunction with Item 7. Management’s Discussion and Analysis of Financial Condition and
Results of Operations, and the consolidated financial statements and related notes included in this Form 10-K.
We urge you to consider carefully the risks described below, as well as in other reports and materials that we file
with the SEC and the other information included or incorporated by reference in this Form 10-K. If any of the risks
described below or elsewhere in this Form 10-K were to materialize, our business, financial condition, results of
operations, cash flows or prospects could be materially adversely affected. In such case, the trading price of our
common stock could decline and you could lose part or all of your investment. Additional risks and uncertainties
not currently known to us or that we currently deem immaterial may also materially adversely affect our financial
condition, results of operations and cash flows.
Demand for the majority of our services is substantially dependent on the levels of expenditures by the oil and
gas industry. A substantial or an extended decline in oil and gas prices could result in lower expenditures by the
oil and gas industry, which could have a material adverse effect on our financial condition, results of operations
and cash flows.
Demand for the majority of our services depends substantially on the level of expenditures by the oil and gas
industry for the exploration, development and production of oil and natural gas reserves. These expenditures are
generally dependent on the industry’s view of future oil and natural gas prices and are sensitive to the industry’s view
of future economic growth and the resulting impact on demand for oil and natural gas. Declines, as well as anticipated
declines, in oil and gas prices could also result in project modifications, delays or cancellations, general business
disruptions, and delays in payment of, or nonpayment of, amounts that are owed to us. These effects could have a
material adverse effect on our financial condition, results of operations and cash flows.
The prices for oil and natural gas have historically been volatile and can be affected by a variety of factors, including:
demand for hydrocarbons, which is affected by general economic and business conditions;
the ability of the Organization of Petroleum Exporting Countries (“OPEC”) to set and maintain production
levels for oil;
oil and gas production levels by non-OPEC countries;
the level of excess production capacity;
political and economic uncertainty and geopolitical unrest;
the level of worldwide oil and gas exploration and production activity;
access to potential resources;
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