Schlumberger Limited/NV Files 2023 Annual Report on Form 10-K

TL;DR

<b>Schlumberger Limited/NV has filed its 2023 10-K annual report.</b>

AI Summary

SCHLUMBERGER LIMITED/NV (SLB) filed a Annual Report (10-K) with the SEC on January 24, 2024. Schlumberger Limited/NV filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing was made on January 24, 2024. The company's principal business address is located at 5599 San Felipe Street, 17th Floor, Houston, TX 77056. The company's IRS number is 520684746. Schlumberger Limited/NV was incorporated in P8.

Why It Matters

For investors and stakeholders tracking SCHLUMBERGER LIMITED/NV, this filing contains several important signals. This filing provides a comprehensive overview of Schlumberger's financial performance, operational activities, and strategic direction for the fiscal year 2023. Investors and stakeholders can use this report to assess the company's financial health, identify potential risks, and understand its market position within the oil and gas field services industry.

Risk Assessment

Risk Level: low — SCHLUMBERGER LIMITED/NV shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant new risks or disclosures beyond what is typical for such filings.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Schlumberger's performance and outlook for the upcoming fiscal year.

Key Numbers

• 20231231 — Fiscal Year End (Period of Report)
• 20240124 — Filing Date (Date Filed)
• 132 — Public Document Count (Number of documents in the filing)
• 001-04601 — SEC File Number (SEC Filing Identifier)

Key Players & Entities

• SCHLUMBERGER LIMITED/NV (company) — Filer
• 0000087347 (company) — Central Index Key
• 5599 SAN FELIPE STREET (company) — Business Address
• HOUSTON (company) — Business Address City
• TX (company) — Business Address State
• 77056 (company) — Business Address Zip
• 520684746 (company) — IRS Number
• P8 (company) — State of Incorporation

Forward-Looking Statements

• Schlumberger will continue to operate primarily in the oil and gas field services sector. (SCHLUMBERGER LIMITED/NV) — high confidence, target: 2025-12-31
• The company's financial reporting will maintain its current fiscal year-end of December 31. (SCHLUMBERGER LIMITED/NV) — high confidence, target: 2024-12-31

FAQ

Industry Context

Schlumberger operates in the oil and gas field services industry, providing technology and services to the energy sector.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose material information.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and other key performance indicators.
2. Review the risk factors section for potential challenges and uncertainties facing the company.
3. Examine management's discussion and analysis (MD&A) for insights into the company's strategy and outlook.

Year-Over-Year Comparison

This is the initial filing of the 2023 10-K, so no prior period comparison is available within this specific document.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share SLB New York Stock Exchan

Filing Documents

• slb-20231231.htm (10-K) — 4878KB
• slb-ex10_3.htm (EX-10.3) — 120KB
• slb-ex10_19.htm (EX-10.19) — 98KB
• slb-ex21.htm (EX-21) — 14KB
• slb-ex22.htm (EX-22) — 4KB
• slb-ex23.htm (EX-23) — 5KB
• slb-ex24.htm (EX-24) — 17KB
• slb-ex31_1.htm (EX-31.1) — 12KB
• slb-ex31_2.htm (EX-31.2) — 12KB
• slb-ex32_1.htm (EX-32.1) — 9KB
• slb-ex32_2.htm (EX-32.2) — 9KB
• slb-ex95.htm (EX-95) — 72KB
• slb-ex97.htm (EX-97) — 32KB
• img113994210_0.jpg (GRAPHIC) — 8KB
• img113994210_1.jpg (GRAPHIC) — 321KB
• img113994210_2.jpg (GRAPHIC) — 323KB
• img113994210_3.jpg (GRAPHIC) — 156KB
• 0000950170-24-006884.txt (&nbsp;) — 24594KB
• slb-20231231.xsd (EX-101.SCH) — 2265KB
• slb-20231231_htm.xml (XML) — 5879KB

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&#x2019;s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. [Reserved] 17 Item 7. Management&#x2019;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 28 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 60 Item 9A.

Controls and Procedures

Controls and Procedures 60 Item 9B. Other Information 60 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 60 PART III Item 10. Directors, Executive Officers and Corporate Governance 61 Item 11.

Executive Compensation

Executive Compensation 61 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 61 Item 13. Certain Relationships and Related Transactions, and Director Independence 61 Item 14. Principal Accounting Fees and Services 61 PART IV Item 15. Exhibits and Financial Statement Schedules 62 Item 16. Form 10-K Summary 65

Signatures

Signatures 66 Certifications 2 PART I

B usiness

Item 1. B usiness. All references in this report to &#x201c;Registrant,&#x201d; &#x201c;Company,&#x201d; &#x201c;SLB,&#x201d; &#x201c;we&#x201d; or &#x201c;our&#x201d; 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&#x2019;s technologies, enhancing our ability to support the emerging long-term growth opportunities in each of these market segments. The four Divisions are: &#x2022; Digital & Integration &#x2022; Reservoir Performance &#x2022; Well Construction &#x2022; Production Systems Digital & Integration &#x2013; Combines SLB&#x2019;s industry-leading digital solutions and data products with its integ