Schlumberger Limited  is a global oilfield and information services company with major activity in the energy industry. The company employs people of more than 140 nationalities working in 100 countries, and consists of three business segments. Schlumberger Oilfield Services is the world's premier oilfield services company supplying a wide range of technology services and solutions to the international oil and gas industry. SchlumbergerSema is a leading supplier of IT consulting, systems integration, and network and infrastructure services to the energy industry, as well as to the public sector, telecommunications and finance markets. WesternGeco, jointly owned with Baker Hughes, is the world's largest and most advanced surface seismic company.Other Schlumberger businesses include Smart Cards & Terminals, NPTest (semiconductor testing solutions), Verification Systems and Water Services

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Schlumberger Announces First-Quarter 2009 Results 
PARIS--(BUSINESS WIRE)--Apr. 24, 2009-- Schlumberger Limited (NYSE:SLB) today reported first-quarter revenue of $6.00 billion versus $6.87 billion in the fourth quarter of 2008, and $6.29 billion in the first quarter of 2008. 
Income from continuing operations attributable to Schlumberger, before charges and credits, was $938 million—a decrease of 25% sequentially and 28% year-on-year. Diluted earnings-per-share from continuing operations was $0.78, versus $1.03 excluding charges of $0.08 per share in the previous quarter, and $1.06 in the first quarter of 2008. 
Oilfield Services revenue of $5.44 billion decreased 13% sequentially and 3% year-on-year. Pretax segment operating income of $1.26 billion decreased 21% sequentially and 16% year-on-year. 
WesternGeco revenue of $551 million decreased 8% sequentially and 18% year-on-year. Pretax segment operating income of $55 million decreased 38% sequentially and 72% year-on-year. 
Schlumberger Chairman and CEO Andrew Gould commented, “The rate of decline in revenue at Oilfield Services accelerated considerably compared to the fourth quarter, largely due to the precipitous drop in the North American natural gas rig count. Outside North America, low activity in Russia and the fall of many local currencies against the US dollar remained the principal causes of weakness. 
At WesternGeco, the rate of sequential revenue decline slowed to 8% as continuing weak North American Multiclient revenue was partially offset by improved Marine revenues. Backlog decreased by $319 million to $1.5 billion, partly due to delayed contract awards pending the results of licensing rounds in several countries. 
Overall, our operating cost base has declined sequentially by more than $450 million due to prompt action on all variable cost categories and to the effects of favorable exchange rate movements. 
Our visibility on 2009 has not materially changed from the end of the fourth quarter. We do not see any significant recovery in North American gas drilling before 2010. Overseas, while activity declines will be limited, customers are actively seeking and are obtaining price relief to improve the economics of current projects. At the same time, exploration expenditures are being deferred in favor of projects that produce immediate cash flow. However, we are encouraged to see offshore deepwater activity resisting fairly well to the current budget cuts. 
As we indicated in our fourth-quarter comments, longer term we remain convinced that any demand recovery for oil will need to be accompanied by increased investment to offset decline in the ageing production base.” 
 

Schlumberger Declares Quarterly Dividend 
HOUSTON--(BUSINESS WIRE)--Jan. 22, 2009--The Board of Directors of Schlumberger Limited (NYSE:SLB) has declared a quarterly dividend of 21 cents per share on outstanding stock. The dividend is payable on April 3, 2009 to stockholders of record on February 18, 2009. 

Schlumberger Announces Second-Quarter 2007 Results Conference Call
HOUSTON--(BUSINESS WIRE)--June 21, 2007--Schlumberger Limited (NYSE:SLB) will hold a conference call on July 20, 2007 at 8:00am Central Time, 9:00am Eastern Time to discuss the results for the second quarter ending on June 30, 2007. The results are expected to be released at 5:00am Central, 6:00am Eastern that same morning

Schlumberger Announces First-Quarter 2007 Results PDF

HOUSTON, April 20, 2007 – Schlumberger Limited (NYSE:SLB) today reported first-quarter operating revenue of $5.46 billion versus $5.35 billion in the fourth quarter of 2006, and $4.24 billion in the first quarter of 2006. Net income reached $1.18 billion—an increase of 4% sequentially and 63% year-on-year. Diluted earnings-per-share were $0.96 versus $0.92 in the previous quarter, and $0.59 in the first quarter of 2006. Oilfield Services revenue of $4.76 billion increased 3% sequentially and 28% year-on-year. Pretax business segment operating income of $1.41 billion increased 6% sequentially and 47% year-on-year. WesternGeco revenue of $706 million decreased 2% sequentially but increased 33% year-on-year. Pretax business segment operating income of $266 million increased 2% sequentially and 79% year-on-year. Schlumberger Chairman and CEO Andrew Gould commented, “First-quarter sequential revenue growth was driven by acceleration of international activity in GeoMarkets in Europe, Africa, the Middle East and Asia. In North America moderate sequential seasonal growth in Canada and strong exploration activity in Alaska partly offset slowing activity on land in the US and a change in service mix in the US Gulf Coast. Strong revenues were recorded in Latin America as negotiations with PDVSA related to certain rig management and engineering contracts were completed, enabling recognition of previously deferred revenue. Increasing demand for Wireline, Drilling & Measurements and Well Testing technologies, as well as for WesternGeco services, contributed to the highly satisfactory overall financial performance.