Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Schlumberger Ltd., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Services	22,439)	19,552)	15,602)	16,533)	24,358)
Product sales	10,696)	8,539)	7,327)	7,068)	8,559)
Revenue	33,135)	28,091)	22,929)	23,601)	32,917)
Cost of services	(17,231)	(15,233)	(13,129)	(14,675)	(20,828)
Cost of sales	(9,341)	(7,697)	(6,142)	(6,325)	(7,892)
Cost of revenue	(26,572)	(22,930)	(19,271)	(21,000)	(28,720)
Gross margin	6,563)	5,161)	3,658)	2,601)	4,197)
Research & engineering	(711)	(634)	(554)	(580)	(717)
General & administrative	(364)	(376)	(339)	(365)	(474)
Merger & integration	(45)	—)	—)	—)	—)
Impairments & other	—)	—)	—)	(12,658)	(13,148)
Operating income (loss)	5,443)	4,151)	2,765)	(11,002)	(10,142)
Earnings of equity method investments	206)	164)	40)	91)	45)
Interest income	100)	99)	33)	33)	41)
Gain on sale of Liberty shares	36)	325)	28)	—)	—)
Loss on Blue Chip Swap transactions	—)	(139)	—)	—)	—)
Gain on ADC equity investment	—)	107)	—)	—)	—)
Gain on sale of real estate	—)	43)	—)	—)	—)
Gain on repurchase of bonds	—)	11)	—)	—)	—)
Unrealized gain on marketable securities	—)	—)	47)	39)	—)
Gains on sales of businesses	—)	—)	—)	104)	247)
Interest & other income, net	342)	610)	148)	267)	333)
Interest expense	(503)	(490)	(539)	(563)	(609)
Income (loss) before taxes	5,282)	4,271)	2,374)	(11,298)	(10,418)
Tax (expense) benefit	(1,007)	(779)	(446)	812)	311)
Net income (loss)	4,275)	3,492)	1,928)	(10,486)	(10,107)
Net income attributable to noncontrolling interests	(72)	(51)	(47)	(32)	(30)
Net income (loss) attributable to SLB	4,203)	3,441)	1,881)	(10,518)	(10,137)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Schlumberger Ltd. revenue increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Schlumberger Ltd. operating income (loss) increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Schlumberger Ltd. income (loss) before taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to SLB	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Schlumberger Ltd. net income (loss) attributable to SLB increased from 2021 to 2022 and from 2022 to 2023.

Schlumberger Ltd. (NYSE:SLB)

Income Statement