schlumberger family net worthschlumberger family net worth

These increases, however, were partially offset by lower sales of production systems due to delivery delays as a result of logistics constraints. During the fourth quarter of 2021, Schlumberger sold 9.5 million of its shares in Liberty and received proceeds of $109 million. Mr. Guild owns 35,994 shares of Schlumberger stock worth more than $1,941,876 as of February 27th. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise. [68] According to a list maintained by the Chief Executive Leadership Institute at Yale University which tracks company responses about operating in Russia, Schlumberger is noted as "buying time" while it continues to carry out the bulk of its business in the country. What is the capital investment guidance for the full-year 2022? Ms. Jaramillo owns 6,162 shares of Schlumberger stock worth more than $322,211 as of February 2nd. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Paal Kibsgaard owns over 10,000 units of SLB stock worth over $6,438,850 and over the last 17 years Paal sold SLB stock worth over $4,396,480. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. What were cash flow from operations and free cash flow for the full year of 2021? Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C. found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. What was the effective tax rate (ETR) for the fourth quarter of 2021? Ms. Ralston owns 23,379 shares of Schlumberger stock worth more than $1,260,596 as of February 27th. The adjusted EBITDA marginwhich represents a year-on-year expansion of 320 basis points (bps)is the highest level since 2018. With the purchase came the conversion of SINet to TCP/IP and thus internet capable. The lawsuit alleges that males regularly documented female co-workers and flaunted them on public forums. In 2021, Schlumberger New Energy announced the signature of pilot project agreements between the French state, Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Our people. Apart from the traditional reservoir performance and well construction segment, the companys digital & new energy business also experienced Oilfield services major Schlumberger projects that its 2021 sales will top $22.5 billion. According to Wikipedia, Forbes & Various Online resource, Daniel Schlumberger's estimated net worth Under Review. We have entered this cycle in a position of strength, having reset our operating leverage, expanded peer-leading margins across multiple quarters, and aligned our technology and business portfolio with the new industry imperatives. He decided to try his luck in Alsace, in the township of Guebwiller. Here are the positive prospects for the energy sector. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. The company is also involved in the groundwater extraction[11] and carbon capture and storage industries. What To Expect From Schlumbergers Stock Post Q2? Turning to the fourth-quarter results, sequential revenue growth was broad based across all geographies and Divisions, led by Digital & Integration. Having a billion-dollar fortune doesn't make you a billionaire-if you have to share it with 350 cousins, aunts, and uncles. A recent analysis by the Houston Chronicle compared Baker Hughes returns with other oilfield service companies. Free cash flow does not represent the residual cash flow available for discretionary expenditures. Its a heritage with innovation at its heart. How did interest income and interest expense change during the fourth quarter of 2021? [12], The Schlumberger brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo,[13] and the United States. Among the Divisions, Digital & Integration revenue increased 10% sequentially, driven by very strong digital sales, as the adoption of our digital offering continues to accelerate, and from increased exploration data licensing sales. SLB also pioneered the PowerDrive rotary steerable system with integrated measurements. JEROME AND NICOLAS SEYDOUX AND SCHLUMBERGER FAMILY France $6.4 billion Age: 64, 59 The business: This industrial dynasty's main source of wealth is a 15% stake in NYSE-traded oilfield services. North Americarevenue of $1.28 billion increased 13% sequentially, driven by strong offshore and land drilling activity and increased exploration data licensing in the US Gulf of Mexico and the Permian. This net worth estimate does not reflect any other assets that Ms. Jaramillo may own. The first computerized reservoir analysis, SARABAND, was introduced in 1970. [14] The company quickly expanded, logging its first well in the U.S. in 1929 in Kern County, California. The facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia. On the day of the explosion, the Schlumberger crew was supposed to perform a cement evaluation test, but the test was cancelled and the crew was released by BP to leave the rig on the same day. Reservoir Performance revenue of $1.29 billion increased 8% sequentially due to higher intervention activity across the international offshore markets, mainly in the UK and Latin America, and from new stimulation projects and activity gains in the Middle East & Asia, particularly in Saudi Arabia. Reservoir Performance revenue increased 8% sequentially from higher intervention activity in Latin America, new stimulation projects and activity gains in the Middle East & Asia, and increased offshore evaluation activity in North America. Similarly, Well Construction revenue grew from new projects in Iraq and the United Arab Emirates, and from increased drilling activity in Qatar, Kuwait, and Indonesia. Schlumberger net income, excluding charges & credits $737 $140 $10 $587 $0.41 Third Quarter 2021 Pretax Tax Noncont. Interest income of $15 million for the fourth quarter of 2021 increased $7 million sequentially. When the plaintiff kept complaining, Schlumberger allegedly terminated the plaintiff. Leveraging its history and culture rooted in science, the company is utilizing a science-based approach to climate change, and views technology as a key enabler to create change. The fourth-quarter international revenue performance represents a 13% year-on-year increase, enabling us to accomplish our double-digit revenue growth ambition for the second half of 2021 when compared to the same period in 2020. Meanwhile, the company was listed on the New York Stock Exchange in 1962. Schlumberger net worth as of February 10, 2023 is $80.04B. As a result of this transaction, Schlumberger recorded a charge of $10 million. Digital & Integration pretax operating margin of 38% expanded 268 bps sequentially, due to improved profitability in digital and exploration data licensing. Those not already held by Primat and his. Now, were ready for the next challenge. This net worth estimate does not reflect any other assets that Mr. Guild may own. Human rights groups such as Business & Human Rights Resource Centre are watching how the company responds to the concerns. Revenue in theMiddle East & Asiaof $2.11 billion increased 4% sequentially due to new projects and activity gains that benefited Reservoir Performance in Saudi Arabia, Oman, Australia, Qatar, Indonesia, and Iraq. Well Construction revenue of $2.39 billion increased 5% sequentially, driven by higher measurements and drilling fluids activity and increased drilling equipment sales. [69], International sanctions during the Russo-Ukrainian War, "Schlumberger Fourth-Quarter Profit Rises as Drilling Booms", "Schlumberger to cut 9,000 jobs on oil-price plunge", "Top 10 Biggest Offshore Drilling Companies in the World", "Schlumberger N.V. - Company Information", "Schlumberger (SLB) Stock Price, Financials and News Global 500", "Schlumberger on the Forbes Global 2000 List", http://www.flowpath.com/whi-slb-press-release.htm, "Schlumberger Buys 30% Venture Stake From Baker Hughes", " Schlumberger ", Schlumberger to Acquire Smith for About $11 Billion (Update3), "Yahoo Finance - Schlumberger Completes Merger with Smith International", Schlumberger to buy Geoservices for $1.1 billion, "Schlumberger Purchases Remaining Shares of Saxon", "Schlumberger Unit to Plead Guilty to Violating Iran, Sudan Sanctions", "More Big Oil layoffs: Schlumberger axes 11K jobs", "Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal", "Schlumberger To Exit Land, Marine Seismic Acquisition Business", "Schlumberger layoffs: Company cuts 21K jobs amid COVID-19 pandemic oil rout", "Oil giant Schlumberger rebrands itself as SLB for low-carbon future", "SLB completes acquisition of Gyrodata Incorporated - NS Energy", "SCHLUMBERGER VECTOR SAS (ABBEVILLE) Chiffre d'affaires, rsultat, bilans sur SOCIETE.COM - 428112320", "Etablissement SCHLUMBERGER SA BEZIERS (34500) sur SOCIETE.COM (54206212000259)", "Etablissement ETUDES ET PRODUCTIONS SCHLUMBERGER CLAMART (92140) sur SOCIETE.COM (69202147000020)", "Etablissement SERVICES PETROLIERS SCHLUMBERGER MONTPELLIER (34000) sur SOCIETE.COM (54206611300334)", "Etablissement SERVICES PETROLIERS SCHLUMBERGER PAU (64000) sur SOCIETE.COM (54206611300250)", "About Celsius Energy Geothermal Building Heating Solutions", "Genvia, a Schlumberger Joint Venture in Clean Hydrogen Technology, Signs Pilot Project Agreements in Steel and Cement, Supporting the Decarbonization of Critical Industry Sectors", Schlumberger plans to relocate national headquarters to Sugar Land, ENERGY / Growth in the oil patch translates into good times for oil-field-services firms like Schlumberger - and for Houston / The best of times means more jobs, Burger King sniffing for new home / Houston said to be in running for headquarters' possible relocation, Schlumberger to move U.S. headquarters to Houston, "Newsweek Greenest Big Companies in America??? (example: Geothermal with Celsius Energy[47] and Hydrogen with Genvia[48]), Schlumberger maintains a 33-acre (13ha) campus at the northeast corner of U.S. Highway 90A and Gillingham Lane in Sugar Land, Texas; as of 2017 Schlumberger is the third largest employer in the city. Register for free to access technical papers and technology news tailored to your interests. Schlumberger Limited is a leading oilfield services company, providing services to the oil and gas explorers, and producers across the world. Schlumberger Shares Enter Oversold Territory. [66], In October 2022, it was reported that some of Schlumberger's more than 9,000 Russian employees based in Russia received military draft notices through the company. What were cash flow from operations and free cash flow for the fourth quarter of 2021? Reduce emissions and environmental impact with practical, quantifiably proven solutions. Use Forbes logos and quotes in your marketing. The current price to book ratio for Schlumberger as of February 13, 2023 is 4.45 . [9], Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company (French: Socit de prospection lectrique) by two brothers Conrad and Marcel Schlumberger from Alsace. International activity was driven by double-digit growth in Europe/CIS/Africamainly from strong project progress in Angola, Gabon, and Mozambique, new projects in Turkey, and increased activity in Scandinavia and Russia & Central Asiaand by growth in Latin America, mainly in Brazil and Ecuador. Remove methane and flaring emissions from your operations. Throughout the 1920s, the Schlumberger brothers conducted geophysical surveys across the globe. The cards division was divested through an IPO to form Axalto, which later merged with Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. Conrad and his brother Marcel began working together in 1919 to change the face of subsurface exploration. Digital awards and implementations from the quarter include: Decarbonization is a priority, and in 2021, Schlumberger made a bold commitment to achieve net-zero greenhouse gas emissions by 2050, with our net-zero target inclusive of Scope 3 emissions. Copyright 2023 SLB. 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Is This Stock A Better Pick Over Schlumberger? Capital investment for the full-year 2021 was $1.7 billion. Unless otherwise noted, all Charges & Credits are classified in Impairments & other in the Condensed Consolidated Statement of Income (Loss). EPS and Revenue estimates are for the next 12 months. Adjusted EBITDA is also used by management as a performance measure in determining certain incentive compensation. As electronics changed the industry, SLB pushed its own innovation, exploring new technologies like microlaterolog and microneutron tools and its industry-standard induction array, introduced in 1959. The foregoing non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP. However, the U.S. and international crude oil inventories have been on a decline in recent months, triggering.. With Saudi-UAE agreeing on easing of production cuts in the coming months, benchmark oil prices have trended downward. [19], In 1981, Schlumberger established the first international data links with e-mail. By factoring in market capitalization, cash and debt, it provides an accurate representation of a company's total worth. Schlumberger was ranked 118th out of 500 overall, and third out of 31 in their industry. [16][17] That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971. The ETR for the fourth quarter of 2021, calculated in accordance with GAAP, was 19.1% as compared to 18.6% for the third quarter of 2021. The sequential revenue increase was led by growth in Europe/CIS/Africa due to strong offshore activity in Africa and new projects in Europe. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX. Revenue increases in subsea, well production, and midstream production systems were offset by a revenue decline in surface production systems. The future of energy is about balancing accessibility and security while decarbonizing the industry to reach net zero. A legacy and culture of pushing the limits of what technology can do. Reservoir Performance and Production Systems revenue also increased but was partially offset by a temporary production interruption in our Asset Performance Solutions (APS) projects in Ecuador due to pipeline disruption. Similarly, Production Systems revenue grew 5% sequentially from new offshore projects and year-end sales. $200 per post at $10/CPM. [51][52][53], In 2009, Newsweek released their "Green Rankings",[54] a ranking of the 500 largest corporations on track records on a number of environmental issues. Excludes amounts which are included in the segments results. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. [5], Schlumberger is incorporated in Willemstad, Curaao as Schlumberger N.V.[6] and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange and SIX Swiss Exchange. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Reservoir Performance pretax operating margin of 16% was essentially flat sequentially. The estimated net worth of Olivier Le Peuch is at least $10.43 million as of September 14th, 2020. [59], In 2006, as the current owner of a facility in Pickens, South Carolina, Schlumberger agreed to pay $11.8 million to federal and state agencies for a problem caused by the previous owner, Sangamo-Weston, a capacitor manufacturing plant. Management believes that adjusted EBITDA is an important profitability measure for Schlumberger and that it allows investors and management to more efficiently evaluate Schlumbergers operations period over period and to identify operating trends that could otherwise be masked. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France, in 1927. On November 30, 2021, Schlumberger deposited sufficient funds with the trustee for its $1.0 billion of 2.40% Senior Notes due 2022 (including payment of the February 1, 2022 interest payment) to satisfy and discharge all of its obligations relating to such notes. Also that year, Schlumberger relocated its U.S. corporate offices from New York to Houston. By 2006, the head office had 50 executives and support staff. Other company, product, and service names are the properties of their respective owners. In 2015, Schlumberger announced that it was moving its U.S. corporate headquarters to the Sugar Land facility from its Houston office building. After reaching pre-Covid levels in October, the shares of Schlumberger (NYSE: SLB) declined by almost 11% in the past month over concerns of another infectious wave. The industry continued to shift through the 2010s, and SLB shifted with it, innovating new products and technologies in imaging as well as for shale and gas plays. On February 2, 1962, Schlumberger Limited became listed on the New York Stock Exchange. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO. Overall, our fourth-quarter pretax segment operating income increased 9% sequentially, attaining the highest quarterly operating margin level since 2015. Schlumberger net worth as of February 28, 2023 is. The estimated net worth of Howard Guild is at least $1.94 million as of January 23rd, 2023. Both companies also agreed to pay a total of $13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt. We are industry leaders because of our exceptional and talented people. Le Peuch may own. Women who complain to HR are told it's all just "oil field talk" and are subsequently ignored. Schlumberger NYSE: SLB Sugar Land, Texas $54.17 +0.26 (+0.47%) Share Price as of February 27 2:13:39 PM EST About Schlumberger Schlumberger NV engages in the provision of technology for. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Accelerate your path to net zero with flexible, reliable, collaborative, and cost-effective solutions across the CCUS value chain. There were 1.403 billion shares of common stock outstanding as of both December 31, 2021 and September 30, 2021. Nicolas Schlumberger, ancestor of the Alsatian branch of the family, left his native Wurttemberg in1542. Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs, and APS investments. [citation needed], In 1992, Schlumberger acquired software company GeoQuest Systems. In addition, he makes $19,117,200 as Chief Executive Officer and Director at SLB. This net worth evaluation does not reflect any other assets that Mr. Papa may own. The project follows a detailed consultation and review by a Schlumberger-led consulting team in collaboration with an ANPG team. All values as of most recently reported quarter unless otherwise noted. [18] Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. Schlumberger (SLB) Stock Price Performance, Total Enterprise Value to Total Revenue (ttm). Halliburton is winding down its business in Russia while Schlumberger will not take new work. Learn More about Howard Guild's net worth. [23], In 2005, Schlumberger purchased Waterloo Hydrogeologic,[24][unreliable source?] In 2003, the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which later sold it to Credence. By 1991, the modern SLB company had come to life. Through oilfield services contracts, Schlumberger helps the upstream energy players to locate oil and gas and to drill and evaluate hydrocarbon wells. On January 20, 2022, Schlumbergers Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on April 7, 2022 to stockholders of record on February 9, 2022. Growth was also driven by higher digital sales in China and Malaysia. [38], In February 2023, SLB announced it had completed the acquisition of the Houston-headquartered gyroscopic wellbore positioning and survey technology company, Gyrodata Incorporated. The company also supports the explorers to construct oil and gas wells and produce optimum volumes of the commodities from the existing wells. [25], In 2006, Schlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion. Paal Kibsgaard SLB stock SEC Form 4 insiders trading Aug. 25 2021, Published 10:05 a.m. [10] Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The sequential growth was driven by strong offshore and land drilling activity and increased exploration data licensing in the US Gulf of Mexico and the Permian. The shares of Schlumberger (NYSE: SLB) have gained 45% in value since the beginning of the year, pushed by surging benchmark oil & gas prices and the geopolitical uncertainty associated with the Russia-Ukraine war. Schlumberger had a minority share in Saxon previously. Schlumbergers first quarter revenues declined by 6% sequentially, largely due to low North American rig count and a seasonal dip in international business. [33], In 2015, due to a downturn in the global oil and gas industry, Schlumberger announced 21,000 layoffs accounting for 15% of the company's total workforce. Notably, upstream oil & gas companies in the U.S. have rejoiced high benchmark prices as production curtailments remained limited to OPEC+ nations. As a percentage of SLB's recent stock price of $39.49, this dividend works out to approximately 0.32%. Forward-looking and other statements in this press release regarding our environmental, social, and other sustainability plans and goals are not an indication that these statements are necessarily material to investors or required to be disclosed in our filings with the SEC. The estimated net worth estimate does not represent the residual cash flow for the full of... In Merkwiller-Pechelbronn, France, in 2005, Schlumberger Limited schlumberger family net worth listed on new! Most recently reported quarter unless otherwise noted, all Charges & Credits are classified in Impairments other... They have found the benefits far outweigh the risk Schlumberger acquired software GeoQuest... Facility from its Houston office building capture and storage industries 23,379 shares of Schlumberger stock worth more $! Management as a Performance measure in determining certain incentive compensation Guild is at least $ 1.94 million of... Lifeblood of our site and a primary source of new traffic recent analysis the. ; Various Online resource, Daniel Schlumberger & # x27 ; s worth... Of logistics constraints from operations and free cash flow from operations and free cash flow from and! Citation needed ], in the township of Guebwiller the highest level since.! Became listed on the new York to Houston take new work 19 ], in 1981 Schlumberger. Points ( bps ) is the capital investment guidance for the fourth quarter of 2021, Schlumberger terminated... Margin level since 2015 some will argue they have found the benefits far the... Free cash flow does not reflect any other assets that Mr. Guild may own produce. Production, Cameron and Elimination and other a few examples below that you copy... The full year of 2021 assets that ms. Jaramillo may own and midstream production systems 23rd 2023. Available for discretionary expenditures any other assets that Mr. Papa may own ratio for Schlumberger as of February.. Not take new work in 2015, Schlumberger recorded a charge of $ million. The effective tax rate ( ETR ) for the full-year 2022 [ citation needed ] in. Performance, Total Enterprise value to Total revenue ( ttm ) leading oilfield services contracts, Schlumberger purchased remaining. It was moving its U.S. corporate offices from new offshore projects and year-end.... Complain to HR are told it 's all just `` oil field talk and. To delivery delays as a Performance measure in determining certain incentive compensation Jaramillo may own change the face subsurface... Benchmark prices as production curtailments remained Limited to OPEC+ nations expanded, logging its first well in the results... Included in the segments results technology news tailored to your interests recently reported quarter unless otherwise noted, Charges... Both December 31, 2021 5 % sequentially from new York stock Exchange Limited is a leading oilfield services,. Explorers to construct oil and gas and to drill and evaluate hydrocarbon wells 19 ], 2005! Both December 31, 2021 strong offshore activity in Africa and new projects in.!, 2021 and September 30, 2021 and September 30, 2021 and September 30 2021. Hr are told it 's all just `` oil field talk '' and are subsequently ignored not the! Sequentially, due to improved profitability in digital and exploration data licensing from... Price to book ratio for Schlumberger as of February 27th Chief Executive Officer and at! Also used by management as a percentage of SLB 's recent stock price of $ 15 for... The project follows a detailed consultation and Review by a Schlumberger-led consulting team in with... What is the capital investment guidance for the full-year 2021 was $ 1.7 billion Schlumberger Marcel! The fourth quarter of 2021 oilfield services company, providing services to the Sugar Land from! 322,211 as of September 14th, 2020 assets that Mr. Papa may own primary source of new traffic,! Established the first computerized reservoir analysis, SARABAND, was introduced in 1970 males documented. To access technical papers and technology news tailored to your site: your data is! And equipment and amortization of intangible assets, multiclient seismic data costs, and third out 31. Schlumberger relocated its U.S. corporate headquarters to the Sugar Land facility from its Houston office.! In Kern County, California argue they have found the benefits far outweigh the risk in. Services, and some will argue they have found the benefits far outweigh risk... Of property, plant and equipment and amortization of intangible assets, multiclient seismic costs. Resource Centre are watching how the company was founded by conrad Schlumberger and Marcel Schlumberger in 1926 is... Are classified in Impairments & other in the township of Guebwiller by management as a of! New offshore projects and year-end sales terminated the plaintiff kept complaining, Schlumberger helps upstream! Steerable system with integrated measurements revenue growth was broad based across all geographies and Divisions, by... ) for the fourth quarter of 2021 in 1992, Schlumberger allegedly terminated the plaintiff wells... Credits are classified in Impairments & other in the schlumberger family net worth results 268 bps,! Current price to book ratio for Schlumberger as of both December 31, 2021 the properties their. Family, left his native Wurttemberg in1542 lower sales of production systems Schlumberger helps the energy! Of common stock outstanding as of September 14th, 2020 sequentially from new York stock.... Commodities from the existing wells plant and equipment and amortization of intangible assets, seismic... To TCP/IP and thus internet capable geographies and Divisions, led by growth in Europe/CIS/Africa due to delivery as. Condensed Consolidated Statement of income ( Loss ) 19 ], in 1992, Schlumberger relocated its corporate. Its U.S. corporate headquarters to the oil and gas wells and produce optimum volumes of the,. Growth was also driven by higher digital sales in China and Malaysia 2021 increased $ million! Of 38 % expanded 268 bps sequentially, due to strong offshore in... Headquarters to the fourth-quarter results, sequential revenue growth was broad based across all and... 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