Schlumberger Ltd.

Schlumberger Ltd. today reported financial results for the first-quarter 2022. First-Quarter Results Three Months Ended Change Mar. 31, 2022 Dec. 31, 2021 Mar. 31, 2021 Sequential Year-on-year Revenue $5,962 $6,225 $5,223 -4% 14% Income before taxes - GAAP basis $638 $755 $386 -16% 65% Net income - GAAP basis $510 $601 $299 -15% 70% Diluted EPS - GAAP basis $0.36 $0.42 $0.21 -14% 71% Adjusted EBITDA* $1,254 $1,381 $1,049 [...]

Schlumberger Ltd. will hold a conference call on April 22, 2022 to discuss the results for the first quarter ending March 31, 2022. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 721-7241 within North America or +1 207-6955 [...]

Schlumberger today provided the following update with regard to its operations in Russia: "We have watched with immense concern as the conflict in Ukraine has escalated," said Chief Executive Officer Olivier Le Peuch. "First and foremost, we are deeply focused on the health, safety and security of our employees, colleagues and their families in Ukraine, Russia and throughout the region. "As the situation has developed, we [...]

Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project. The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling and logging while drilling , drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance [...]

Schlumberger today expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their unique business challenges, spanning exploration to production and new energy systems. "At INNOVATION FACTORI, customer teams join with our domain and [...]

Schlumberger announced today the launch of Schlumberger End-to-end Emissions Solutions . The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions from their operations. SEES launches at a critical time in the industry-today we witnessed [...]

Schlumberger announced today that it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda. The scope of the contract includes the provision of directional drilling services, upper completions, lower completions, artificial lift solutions, and wellheads for the Tilenga development, which comprises six fields with up to [...]

Schlumberger today announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud. "This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to meet their diverse reservoir [...]

Schlumberger will deploy the DELFI* cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture , to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration. NL was established to develop the world's first open-source CO2 transport and storage infrastructure, providing accelerated decarbonization opportunities for European industries, with an ambition [...]

Schlumberger Ltd. today reported results for the fourth-quarter and full-year 2021. Fourth-Quarter Results Three Months Ended Change Dec. 31, 2021 Sept. 30, 2021 Dec. 31, 2020 Sequential Year-on-year Revenue* $6,225 $5,847 $5,532 6% 13% Income before taxes - GAAP basis $755 $691 $471 9% 60% Net income - GAAP basis $601 $550 $374 9% 61% Diluted EPS - GAAP basis $0.42 $0.39 $0.27 8% 56% Adjusted EBITDA** $1,381 $1,296 [...]