Schlumberger Files 2024 10-K

TL;DR

SLB filed its 2024 10-K. Full financials out.

AI Summary

Schlumberger Limited/NV filed its 2024 10-K on January 22, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The filing provides comprehensive information on the company's operations, financial position, and outlook within the oil and gas field services sector. Key financial data and operational highlights are presented for stakeholders.

Why It Matters

This filing is crucial for investors and analysts to understand Schlumberger's financial health and strategic direction for the upcoming year, impacting decisions in the energy sector.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new risks.

Key Players & Entities

• Schlumberger Limited/NV (company) — Filer of the 10-K
• 2024 (date) — Fiscal year end
• December 31, 2024 (date) — Fiscal year end date
• January 22, 2025 (date) — Filing date
• OIL, GAS FIELD SERVICES, NBC [1389] (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share SLB New York Stock Exchan
• $2.7 billion — pionX reported revenue of approximately $2.7 billion for the nine months ended September 30,

Filing Documents

• slb-20241231.htm (10-K) — 6295KB
• slb-ex19.htm (EX-19) — 30KB
• slb-ex21.htm (EX-21) — 16KB
• slb-ex22.htm (EX-22) — 4KB
• slb-ex23.htm (EX-23) — 6KB
• slb-ex24.htm (EX-24) — 20KB
• slb-ex31_1.htm (EX-31.1) — 13KB
• slb-ex31_2.htm (EX-31.2) — 13KB
• slb-ex32_1.htm (EX-32.1) — 10KB
• slb-ex32_2.htm (EX-32.2) — 10KB
• slb-ex95.htm (EX-95) — 68KB
• img114917731_0.jpg (GRAPHIC) — 17KB
• img114917731_1.jpg (GRAPHIC) — 316KB
• img114917731_2.jpg (GRAPHIC) — 312KB
• img114917731_3.jpg (GRAPHIC) — 109KB
• img134688434_0.jpg (GRAPHIC) — 29KB
• img134688434_1.jpg (GRAPHIC) — 8KB
• img134688434_2.jpg (GRAPHIC) — 278KB
• 0000950170-25-007638.txt ( ) — 29552KB
• slb-20241231.xsd (EX-101.SCH) — 2386KB
• slb-20241231_htm.xml (XML) — 7472KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 14 Item 1C. Cybersecurity 14 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. [Reserved] 17 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 29 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 62 Item 9A.

Controls and Procedures

Controls and Procedures 62 Item 9B. Other Information 62 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 62 PART III Item 10. Directors, Executive Officers and Corporate Governance 63 Item 11.

Executive Compensation

Executive Compensation 63 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 63 Item 13. Certain Relationships and Related Transactions, and Director Independence 63 Item 14. Principal Accounting Fees and Services 63 PART IV Item 15. Exhibits and Financial Statement Schedules 64 Item 16. Form 10-K Summary 67

Signatures

Signatures 68 Certifications 2 PART I

B usiness

Item 1. B usiness. All references in this report to "Registrant," "Company," "SLB," "we" or "our" are to Schlumberger Limited (Schlumberger N.V.) and its consolidated subsidiaries. We are SLB, a global technology company driving energy innovation for a balanced planet. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating energy technology, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Today, the world faces the challenge of providing secure and affordable energy to meet growing demand, while rapidly decarbonizing for a sustainable future. With nearly a century of market and technology leadership, SLB is well positioned and committed to being a leader in providing solutions to address this trilemma. In October 2022, we changed our brand name to SLB and unveiled a new logo that underscores our vision for a decarbonized energy future. This bold change highlighted our leadership as a global technology company focused on driving energy innovation within traditional energy sources and beyond. The SLB brand builds on nearly a century of technology innovation and industrialization. Our identity symbolizes SLB's commitment to moving farther and faster in facilitating the world's energy needs today and forging the road ahead for a sustainable future. SLB is organized under four Divisions that combine and integrate SLB's technologies, enhancing our ability to support the emerging long-term growth opportunities in each of these market segments. The four Divisions are: Digital & Integration Reservoir Performance Well Construction Production Systems Digital & Integration – Co mbines SLB's industry-leading digital solutions and data products with its integrated offering of Asset Performance Solutions ("APS"). This Division enables greater performance for our customers by reducing

View Full Filing

View this 10-K filing on SEC EDGAR