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Paal Kibsgaard Chairman and Chief Executive Officer

Chairman's Message

Global Stewardship of the environment and the communities in which we live and work is an essential part of what Schlumberger does every day in more than 85 countries.

Optimizing water use, ensuring well integrity, and reducing emissions are integral to the guiding principles that define the way in which Schlumberger provides services that optimize reservoir recovery and production. Our approach to Global Stewardship seeks to minimize the impact our operations have on the environment.

Even though 2016 was an extremely challenging year for our industry, we advanced our Global Stewardship activities by launching programs to reduce energy consumption. For example, the Mission Emission program helped us reduce our combined carbon dioxide emissions for 2016 by 27,000 tonnes compared with last year. In April 2016, we completed the merger of Cameron International Corporation. This had a material impact on the Schlumberger environmental footprint because Cameron manufacturing processes are more energy intensive, and this increased our energy consumption and indirect greenhouse gases emissions for the year.

Our position as the leading oilfield services company stems from more than 90 years of experience in the science of measurement, developing the technology our customers need to optimize their performance. This domain expertise also uniquely equips us to develop innovative technologies that can address environmental issues, such as biodiversity. One example is eSource™, the world's first bandwidth- controlled seismic source developed to limit the exposure of marine wildlife to high-frequency sound waves in the vicinity of seismic operations.




In tandem with technology development, we have implemented new ways of working throughout the Company, which has enabled positive results for our social responsibility activities. For example, our supply chain efforts around the globe help economies expand their business opportunities by assisting them to build capacity and resilience at the local level. Furthermore, our commitment to diversity is supported by the goal to have women comprise 25% of our workforce by 2020. Our workforce is our most valuable asset and the reason why Schlumberger is committed to maintaining the highest safety and health standards for our employees, customers, and contractors.

At the community level, our goal is to have a positive long-term impact through a number of outreach initiatives, such as Schlumberger Excellence in Education Development, health, safety, and environment (HSE) for Youth, and Faculty for the Future. These initiatives are aligned with the United Nations Sustainable Development goal of ensuring quality education and promoting lifelong learning opportunities for all.

Our lengthy history of engagement in the countries where we operate enables us to make a positive impact in local communities. Sometimes this impact includes special operations, such as mobilizing resources for disaster relief when a 7.8 magnitude earthquake struck Ecuador in April. While Schlumberger employees around the globe donated to a disaster relief fund, our employees in Ecuador helped relief efforts by constructing water wells and delivering food, supplies, water, and medicine to those in need.

Schlumberger seeks to be a unifying force for social and environmental stewardship in the communities where we and our customers live and work. This approach combines better ways of working with innovative technology and local initiatives to reduce the environmental footprint of the oil and gas industry. It is also an approach that takes the long view by continuing to find ways to improve our performance so Schlumberger can help preserve the world’s natural resources for future generations.

Sincerely,

Paal Kibsgaard Chairman and Chief Executive Officer

Paal Kibsgaard Chairman and Chief Executive Officer


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