Schlumberger Limited 8K Other Events | SLB 23 Nov 20

Exhibit 99

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SCHLUMBERGER LIMITED

HISTORICAL UNAUDITED CONSOLIDATED FINANCIAL INFORMATION

SCHLUMBERGER LIMITED

HISTORICAL UNAUDITED CONSOLIDATED FINANCIAL INFORMATION

Schlumberger has restructured and reorganized to prepare for a new industry future. This new structure is aligned with our customers’ workflows and is directly linked to our corporate strategy, a key element of which is customer collaboration.

The new Schlumberger organization consists of four Divisions that combine and integrate our technologies, enhancing the portfolio of capabilities that 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 - Combines our software and seismic businesses with our integrated offering of Asset Performance Solutions (“APS”). APS helps develop or redevelop fields while increasing production, improving cash flow, and extending recovery for our customers by providing fit-for-purpose solutions. Through digital solutions and technologies, this Division supports the future of software, digital infrastructure, connected assets, and data, while enhancing efficiency to improve asset and enterprise-wide performance for our customers.

The primary offerings comprising this Division are: software integrated solutions, multiclient seismic, and Asset Performance Solutions.

Reservoir Performance - Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Reservoir Performance develops and deploys innovative technologies and services to evaluate, intervene and stimulate reservoirs that help customers understand subsurface assets and maximize their value.

The primary offerings comprising this Division are: wireline, testing services, well stimulation, slickline, coiled tubing services and OneStim^®.

Well Construction - Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. Well Construction provides operators and drilling rig manufacturers with services and products related to designing and constructing a well.

The primary offerings comprising this Division are: wellbore drilling (including measurements-while-drilling), drilling fluids, drill bits, drilling tools, integrated drilling services, cementing, pressure control equipment, rotary drilling equipment, and land rigs.

Production Systems - Develops technologies and provides expertise that enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. Production Systems provides a comprehensive portfolio of equipment and services including subsurface production systems, subsea and surface equipment and services, and midstream production systems.

The primary offerings comprising this Division are: artificial lift, surface systems, valves and process systems, completions equipment, production technology solutions, production facilities, and OneSubsea^®.

SCHLUMBERGER LIMITED

HISTORICAL UNAUDITED CONSOLIDATED FINANCIAL INFORMATION

Commencing in the fourth quarter of 2020, the Divisions form the basis of Schlumberger’s segment reporting. In order to provide additional perspective on this change in segments, Schlumberger has prepared the accompanying unaudited historical consolidated financial information on the basis of the new reporting structure. Schlumberger has also provided supplemental unaudited financial information on a geographical basis.

The change in segment reporting had no impact on Schlumberger’s consolidated revenue, income before taxes, net income or earnings per share for any period.

SCHLUMBERGER LIMITED

UNAUDITED QUARTERLY FINANCIAL INFORMATION

(Stated in Millions)


	Nine Months 2020
	Q1						Q2						Q3						Nine Months
	Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes
Digital & Integration	$	885		$	151		$	619		$	108		$	739		$	202		$	2,243		$	461
Reservoir Performance		1,969			134			1,170			22			1,215			103			4,354			259
Well Construction		2,815			331			2,089			180			1,835			172			6,739			683
Production Systems		1,912			191			1,557			145			1,532			132			5,001			468
Eliminations & other		(126	)		(31	)		(79	)		(59	)		(63	)		(34	)		(268	)		(124	)

					776						396						575						1,747
Corporate & other ⁽¹⁾					(228	)					(169	)					(151	)					(548	)
Interest income ⁽²⁾					15						7						3						25
Interest expense ⁽³⁾					(129	)					(137	)					(131	)					(397	)
Charges & credits					(8,523	)					(3,723	)					(350	)					(12,596	)

	$	7,455		$	(8,089	)	$	5,356		$	(3,626	)	$	5,258		$	(54	)	$	18,069		$	(11,769	)


	Full Year 2019
	Q1						Q2						Q3						Q4						2019
	Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes			Revenue			Income (Loss) Before Taxes
Digital & Integration	$	935		$	188		$	1,017		$	205		$	1,081		$	230		$	1,112		$	259		$	4,145		$	882
Reservoir Performance		2,308			221			2,409			250			2,460			294			2,122			227			9,299			992
Well Construction		2,890			352			2,960			337			3,021			367			3,009			373			11,880			1,429
Production Systems		1,893			173			2,030			218			2,112			250			2,132			206			8,167			847
Eliminations & other		(147	)		(26	)		(147	)		(42	)		(133	)		(45	)		(147	)		(59	)		(574	)		(172	)

					908						968						1,096						1,006						3,978
Corporate & other ⁽¹⁾					(273	)					(238	)					(231	)					(215	)					(957	)
Interest income ⁽²⁾					10						9						7						7						33
Interest expense ⁽³⁾					(136	)					(146	)					(151	)					(138	)					(571	)
Charges & credits					—						—						(12,692	)					(209	)					(12,901	)

	$	7,879		$	509		$	8,269		$	593		$	8,541		$	(11,971	)	$	8,228		$	451		$	32,917		$	(10,418	)

SCHLUMBERGER LIMITED

UNAUDITED QUARTERLY FINANCIAL INFORMATION

(Stated in Millions)


	Full Year 2018
	Q1						Q2						Q3						Q4						2018
	Revenue			Income Before Taxes			Revenue			Income Before Taxes			Revenue			Income Before Taxes			Revenue			Income Before Taxes			Revenue			Income Before Taxes
Digital & Integration	$	923		$	191		$	940		$	228		$	960		$	222		$	997		$	241		$	3,820		$	882
Reservoir Performance		2,385			222			2,629			331			2,699			365			2,337			251			10,050			1,169
Well Construction		2,628			351			2,743			346			2,944			397			2,995			371			11,310			1,465
Production Systems		1,993			200			2,079			230			2,080			221			2,016			192			8,168			843
Eliminations & other		(100	)		8			(88	)		(40	)		(179	)		(52	)		(166	)		(88	)		(533	)		(172	)

					972						1,095						1,153						967						4,187
Corporate & other ⁽¹⁾					(224	)					(240	)					(235	)					(238	)					(937	)
Interest income ⁽²⁾					26						11						8						7						52
Interest expense ⁽³⁾					(131	)					(135	)					(139	)					(132	)					(537	)
Charges & credits					—						(184	)					—						43						(141	)

	$	7,829		$	643		$	8,303		$	547		$	8,504		$	787		$	8,179		$	647		$	32,815		$	2,624

⁽¹⁾	Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

⁽²⁾	Excludes amounts which are included in the segments’ income (nine months ended September 30, 2020: $1 million; full year 2019: $8 million; full year 2018: $8 million).

⁽³⁾	Excludes amounts which are included in the segments’ income (nine months ended September 30, 2020: $22 million; full year 2019: $38 million; full year 2018: $38 million).

SCHLUMBERGER LIMITED

UNAUDITED FINANCIAL INFORMATION

(Stated in Millions)


	Full Year 2019
	Revenue			Income (Loss) Before Taxes			Depreciation and Amortization ⁽⁴⁾		Interest, net⁽⁵⁾			EBITDA ⁽⁶⁾			Capital Investments ⁽⁷⁾
Digital & Integration	$	4,145		$	882		$	1,069	$	19		$	1,970		$	1,020
Reservoir Performance		9,299			992			807		13			1,812			569
Well Construction		11,880			1,429			656		—			2,085			650
Production Systems		8,167			847			390		(1	)		1,236			384
Eliminations & other		(574	)		(172	)		250		(1	)		77			113

					3,978			3,172		30			7,180			2,736
Corporate & other ⁽¹⁾					(957	)		417					(540	)
Interest income ⁽²⁾					33
Interest expense ⁽³⁾					(571	)
Charges & credits					(12,901	)

	$	32,917		$	(10,418	)	$	3,589	$	30		$	6,640		$	2,736


	Full Year 2018
	Revenue			Income (Loss) Before Taxes			Depreciation and Amortization⁽⁴⁾		Interest, net⁽⁵⁾			EBITDA ⁽⁶⁾			Capital Investments ⁽⁷⁾
Digital & Integration	$	3,820		$	882		$	894	$	29		$	1,805		$	1,091
Reservoir Performance		10,050			1,169			850		1			2,020			899
Well Construction		11,310			1,465			713		—			2,178			769
Production Systems		8,168			843			423		(1	)		1,265			343
Eliminations & other		(533	)		(172	)		237		1			66			139

					4,187			3,117		30			7,334			3,241
Corporate & other ⁽¹⁾					(937	)		439					(498	)
Interest income ⁽²⁾					52
Interest expense ⁽³⁾					(537	)
Charges & credits					(141	)

	$	32,815		$	2,624		$	3,556	$	30		$	6,836		$	3,241

⁽¹⁾	Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

⁽²⁾	Excludes amounts which are included in the segments’ income (2019: $8 million; 2018: $8 million.)

⁽³⁾	Excludes amounts which are included in the segments’ income (2019: $38 million; 2018: $38 million.)

⁽⁴⁾	Includes depreciation of property, plant and equipment and amortization of intangible assets, Asset Performance Solutions (“APS”) investments and multiclient data seismic costs.

⁽⁵⁾	Excludes interest income and expense recorded at the corporate level.

⁽⁶⁾

EBITDA represents income before taxes excluding depreciation and amortization, interest income, interest expense and charges & credits. Management believes that EBITDA is an important profitability measure for Schlumberger and that it allows investors and management to more efficiently evaluate Schlumberger’s operations period over period, and to identify operating trends that could otherwise be masked. EBITDA is also used by management as a performance measure in determining certain incentive compensation. EBITDA should be considered in addition to, not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP.

⁽⁷⁾	Capital investments includes capital expenditures, APS investments and multiclient seismic data costs capitalized.

SCHLUMBERGER LIMITED

UNAUDITED GEOGRAPHICAL FINANCIAL INFORMATION

(Stated in Millions)


	Full Year 2019
	Revenue		Income (Loss) Before Taxes			Depreciation and Amortization ⁽⁴⁾		Interest, net⁽⁵⁾		EBITDA ⁽⁶⁾
International	$	22,242	$	3,645		$	2,004	$	7	$	5,656
North America		10,446		526			955		22		1,503
Eliminations & other		229		(193	)		213		1		21

				3,978			3,172		30		7,180
Corporate & other ⁽¹⁾				(957	)		417				(540	)
Interest income ⁽²⁾				33
Interest expense ⁽³⁾				(571	)
Charges & credits				(12,901	)

	$	32,917	$	(10,418	)	$	3,589	$	30	$	6,640


	Full Year 2018
	Revenue		Income Before Taxes			Depreciation and Amortization ⁽⁴⁾		Interest, net⁽⁵⁾			EBITDA ⁽⁶⁾
International	$	20,708	$	3,559		$	1,956	$	20		$	5,535
North America		11,730		872			922		11			1,805
Eliminations & other		377		(244	)		239		(1	)		(6	)

				4,187			3,117		30			7,334
Corporate & other ⁽¹⁾				(937	)		439					(498	)
Interest income ⁽²⁾				52
Interest expense ⁽³⁾				(537	)
Charges & credits				(141	)

	$	32,815	$	2,624		$	3,556	$	30		$	6,836

⁽¹⁾	Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

⁽²⁾	Excludes amounts which are included in the segments’ income (2019: $8 million; 2018: $8 million.)

⁽³⁾	Expense excludes amounts which are included in the segments’ income (2019: $38 million; 2018: $38 million.)

⁽⁴⁾	Includes depreciation of property, plant and equipment and amortization of intangible assets, APS investments and multiclient data seismic costs.

⁽⁵⁾	Excludes interest income and expense recorded at the corporate level.

⁽⁶⁾

⁽⁷⁾	Capital investments includes capital expenditures, APS investments and multiclient seismic data costs capitalized.

SCHLUMBERGER LIMITED

UNAUDITED QUARTERLY DIVISION REVENUE BY GEOGRAPHY

(Stated in Millions)


	Nine Months 2020
	Q1												Q2												Q3											Nine Months
	Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America		Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue
Digital & Integration	$	731		$	152		$	2		$	885		$	470		$	145		$	4		$	619		$	605		$	134	$	—		$	739		$	1,806		$	431		$	6		$	2,243
Reservoir Performance		1,249			718			2			1,969			952			215			3			1,170			937			275		3			1,215			3,138			1,208			8			4,354
Well Construction		2,124			635			56			2,815			1,704			331			54			2,089			1,560			235		40			1,835			5,388			1,201			150			6,739
Production Systems		1,203			690			19			1,912			1,146			409			2			1,557			1,138			389		5			1,532			3,487			1,488			26			5,001
Eliminations & other		(82	)		(15	)		(29	)		(126	)		(48	)		(3	)		(28	)		(79	)		(30	)		1		(34	)		(63	)		(160	)		(17	)		(91	)		(268	)

	$	5,225		$	2,180		$	50		$	7,455		$	4,224		$	1,097		$	35		$	5,356		$	4,210		$	1,034	$	14		$	5,258		$	13,659		$	4,311		$	99		$	18,069


	Full Year 2019
	Q1												Q2												Q3												Q4												2019
	Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue
Digital & Integration	$	767		$	166		$	2		$	935		$	817		$	197		$	3		$	1,017		$	817		$	262		$	2		$	1,081		$	871		$	240		$	1		$	1,112		$	3,272		$	865		$	8		$	4,145
Reservoir Performance		1,296			1,010			2			2,308			1,385			1,023			1			2,409			1,436			1,021			3			2,460			1,392			725			5			2,122			5,509			3,779			11			9,299
Well Construction		2,089			738			63			2,890			2,173			718			69			2,960			2,255			696			70			3,021			2,292			662			55			3,009			8,809			2,814			257			11,880
Production Systems		1,072			761			60			1,893			1,281			778			(29	)		2,030			1,324			782			6			2,112			1,382			732			18			2,132			5,059			3,053			55			8,167
Eliminations & other		(113	)		(11	)		(23	)		(147	)		(96	)		(15	)		(36	)		(147	)		(96	)		(19	)		(18	)		(133	)		(102	)		(20	)		(25	)		(147	)		(407	)		(65	)		(102	)		(574	)

	$	5,111		$	2,664		$	104		$	7,879		$	5,560		$	2,701		$	8		$	8,269		$	5,736		$	2,742		$	63		$	8,541		$	5,835		$	2,339		$	54		$	8,228		$	22,242		$	10,446		$	229		$	32,917


	Full Year 2018
	Q1												Q2												Q3												Q4												2018
	Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue			Intl.			North America			Elims & other			Total Revenue
Digital & Integration	$	676		$	187		$	60		$	923		$	699		$	200		$	41		$	940		$	735		$	192		$	33		$	960		$	784		$	207		$	6		$	997		$	2,894		$	786		$	140		$	3,820
Reservoir Performance		1,200			1,182			3			2,385			1,253			1,373			3			2,629			1,323			1,374			2			2,699			1,290			1,046			1			2,337			5,066			4,975			9			10,050
Well Construction		1,858			699			71			2,628			1,941			717			85			2,743			2,112			738			94			2,944			2,172			757			66			2,995			8,083			2,911			316			11,310
Production Systems		1,243			738			12			1,993			1,284			784			11			2,079			1,203			849			28			2,080			1,236			768			12			2,016			4,966			3,139			63			8,168
Eliminations & other		(36	)		(27	)		(37	)		(100	)		(30	)		(15	)		(43	)		(88	)		(97	)		(22	)		(60	)		(179	)		(138	)		(17	)		(11	)		(166	)		(301	)		(81	)		(151	)		(533	)

	$	4,941		$	2,779		$	109		$	7,829		$	5,147		$	3,059		$	97		$	8,303		$	5,276		$	3,131		$	97		$	8,504		$	5,344		$	2,761		$	74		$	8,179		$	20,708		$	11,730		$	377		$	32,815

SCHLUMBERGER LIMITED

UNAUDITED REVENUE BY GEOGRAPHAL AREA

(Stated in Millions)


	Nine Months 2020
	Q1		Q2		Q3		Nine Months
North America	$	2,180	$	1,097	$	1,034	$	4,311
Latin America		1,046		629		828		2,503
Europe/CIS/Africa		1,751		1,449		1,397		4,597
Middle East & Asia		2,428		2,146		1,985		6,559
Eliminations & other		50		35		14		99

	$	7,455	$	5,356	$	5,258	$	18,069


	Full Year 2019
	Q1		Q2		Q3		Q4		Full Year
North America	$	2,664	$	2,701	$	2,742	$	2,339	$	10,446
Latin America		1,066		1,214		1,121		1,143		4,544
Europe/CIS/Africa		1,707		1,895		2,062		2,018		7,682
Middle East & Asia		2,338		2,451		2,553		2,674		10,016
Eliminations & other		104		8		63		54		229

	$	7,879	$	8,269	$	8,541	$	8,228	$	32,917


	Full Year 2018
	Q1		Q2		Q3		Q4		Full Year
North America	$	2,779	$	3,059	$	3,131	$	2,761	$	11,730
Latin America		929		1,004		1,042		1,038		4,013
Europe/CIS/Africa		1,672		1,783		1,816		1,842		7,113
Middle East & Asia		2,340		2,360		2,418		2,464		9,582
Eliminations & other		109		97		97		74		377

	$	7,829	$	8,303	$	8,504	$	8,179	$	32,815

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