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 113,000 people of over 140 nationalities
working in approximately 85 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, and 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 Performance, Safety and
Environmental Performance
Page 1
Letter to Shareholders
Page 3
Performed by Schlumberger
Page 4
Many Viewpoints, One Vision
Page 17
Annual Report on Form 10-K
Inside Back Cover
Directors and Officers
Inside Back Cover
Corporate Information
Front and Back Cover
Today’s modern marine seismic surveys require advanced
vessel and streamer deployment to help ensure that
exploration targets can be seen in the acquired data. This
requires complex towing patterns and sophisticated shooting
geometries. In this picture, the
WG Vespucci
, one of six new
Explorer Class vessels, is shown positioning for a wide-azimuth
survey in the US Gulf of Mexico late in 2011.
Financial Performance
(Stated in millions, except per-share amounts)
Year ended December 31
2011
2010
2009
Revenue
$ 39,540
$ 27,447
$ 22,702
Income from continuing operations
$ 4,777
$ 4,267
$ 3,156
Diluted earnings-per-share from continuing operations
$ 3.51
$ 3.38
$ 2.61
Cash dividends per share
$ 1.00
$ 0.84
$ 0.84
Net debt
$ 4,850
$ 2,638
$ 126
Safety and Environmental Performance
Combined Lost Time Injury Frequency (CLTIF)—
Industry Recognized (OGP)
†
1.5
1.3
1.4
Auto Accident Rate mile (AARm)—Industry Recognized
†
0.30
0.36
0.39
Direct GHG Emissions in Tonnes of CO 2 per employee per year
††
15
15
13
†
Safety performance figures for 2011 do not include data from Smith International and Geoservices.
††
Data for 2011 include emissions from Smith International and Geoservices. PwC has determined that the methodology used by Schlumberger as well
as the indirect and direct emissions data are auditable and an audit of 2011 data is planned.
