Part II, Item 5, 6
Share Repurchases
On April 17, 2008, the Schlumberger Board of Directors approved an $8 billion share repurchase program for
Schlumberger common stock, to be acquired in the open market before December 31, 2011.
Schlumberger’s common stock repurchase program activity for the three months ended December 31, 2010 was as
follows:
Total number
of shares
purchased
Average price
paid per
share
Total
number of
shares
purchased
as part of
publicly
announced
program
Maximum
value
of shares
that may
yet be
purchased
under the
program
(Stated in thousands, except per share amounts)
October 1 through October 31, 2010
1,931.0 $
63.04
1,931.0 $5,176,181
November 1 through November 30, 2010
1,050.0 $
73.46
1,050.0 $5,099,043
December 1 through December 31, 2010
3,074.3 $
81.35
3,074.3 $4,848,944
6,055.3 $
74.14
6,055.3
In connection with the exercise of stock options under Schlumberger’s incentive compensation plans, Schlumberger
routinely receives shares of its common stock from optionholders in consideration of the exercise price of the stock
options. Schlumberger does not view these transactions as requiring disclosure under this Item 5 as the number of
shares of Schlumberger common stock received from optionholders is not material.
Unregistered Sales of Equity Securities
None.
Item 6. Selected Financial Data.
The following selected consolidated financial data should be read in conjunction with both “Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and “Item 8. Financial Statements and
Supplementary Data” of this Form 10-K in order to understand factors, such as business combinations and charges and
credits, which may affect the comparability of the Selected Financial Data:
2010 2009 2008 2007 2006
Year Ended December 31,
(Stated in millions, except per share amounts)
Revenue
$27,447
$22,702 $27,163 $23,277 $19,230
Income from Continuing Operations
$ 4,266
$ 3,164 $ 5,422 $ 5,177 $ 3,759
Diluted earnings per share from Continuing Operations
$ 3.38
$ 2.61 $ 4.42 $ 4.20 $ 3.01
Working capital
$ 7,233
$ 6,391 $ 4,811 $ 3,551 $ 2,731
Total assets
$51,767
$33,465 $32,094 $27,853 $22,832
Net debt
(1)
$ 2,638
$ 126 $ 1,129 $ 1,857 $ 2,834
Long-term debt
$ 5,517
$ 4,355 $ 3,694 $ 3,794 $ 4,664
Schlumberger stockholders’ equity
$31,226
$19,120 $16,862 $14,876 $10,420
Cash dividends declared per share
$ 0.84
$ 0.84 $ 0.84 $ 0.70 $ 0.50
(1) “Net Debt” represents gross debt less cash, short-term investments and fixed income investments, held to maturity. Management believes that Net
Debt provides useful information regarding the level of Schlumberger indebtedness by reflecting cash and investments that could be used to repay
debt.
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