Schlumberger is the world’s leading oilfield services company supplying technology, information solutions, and integrated
project management that optimize reservoir performance for customers working in the oil and gas industry. The company
employs approximately 108,000 people of over 140 nationalities working in approximately 80 countries. Schlumberger
supplies a wide range of products and services, from seismic acquisition and processing; drill bits and drilling fluids;
directional drilling and drilling services; formation evaluation and well testing to well cementing and stimulation; artificial
lift and well completions; and consulting, software, and information management.
In This Report
Inside Front Cover
Financial, Safety, and
Environmental Performance
Page 1
Letter from the Chairman
Page 3
One Team, One Goal
The 2010 Winner of the Schlumberger
Chairman’s Award
Page 4
To Find Oil, You Have to Drill
Page 17
Annual Report on Form 10-K
Inside Back Cover
Directors and Officers
Inside Back Cover
Corporate Information
Front Cover
From September to October 2010
Schlumberger helped Chilean
national copper company Codelco
and national oil company ENAP
engineer and drill a third shaft
planned as a backup for the ulti-
mately successful rescue of the
33 miners trapped in the San Jose
mine. Schlumberger and Smith
provided drilling services that
included planning and engineering,
directional drilling, wellbore
trajectory measurement, drilling
fluids, and drill bits.
Year ended December 31
2010
2009
2008
Revenue
$ 27,447
$22,702
$ 27,163
Income from continuing operations
$ 4,267
$ 3,156
$ 5,397
Diluted earnings per share from continuing operations
$ 3.38
$ 2.61
$ 4.42
Cash dividends declared per share
$ 0.84
$ 0.84
$ 0.84
Net debt
$ 2,638
$ 126
$ 1,129
Safety and Environmental Performance
Year ended December 31
2010
2009
2008
Combined Lost Time Injury Frequency (CLTIF)—Industry Recognized (OGP)
1.3
1.4
1.8
Auto Accident Rate mile (AARm)—Industry Recognized
0.36
0.39
0.44
Tonnes of CO
2
per employee per year
†
14
13
14
†
Continuing analysis of Schlumberger carbon dioxide emissions has shown that WesternGeco marine vessels and Integrated Project Management
drilling rig operations are the two largest contributors to total company emissions. Schlumberger includes in its figures only those emissions from
drilling rigs operated entirely under its control.
(Stated in millions, except per share amounts)
Financial Performance
