Analysis of Reportable Segments
Schlumberger Ltd. operates in 4 segments: Digital & Integration; Reservoir Performance; Well Construction; and Production Systems.
Segment Profit Margin
Schlumberger Ltd., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 33.15% | 32.47% | 36.43% | 34.68% | 23.76% |
| Reservoir Performance | 20.23% | 19.25% | 15.87% | 14.09% | 6.30% |
| Well Construction | 21.16% | 21.75% | 19.32% | 13.73% | 10.06% |
| Production Systems | 15.63% | 12.66% | 9.51% | 9.45% | 9.37% |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Digital & Integration | Digital & Integration segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Reservoir Performance | Reservoir Performance segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Well Construction | Well Construction segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. | |
| Production Systems | Production Systems segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,408) | 1,257) | 1,357) | 1,141) | 731) |
| Revenue | 4,247) | 3,871) | 3,725) | 3,290) | 3,076) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 33.15% | 32.47% | 36.43% | 34.68% | 23.76% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 1,408 ÷ 4,247 = 33.15%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Digital & Integration | Digital & Integration segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,452) | 1,263) | 881) | 648) | 353) |
| Revenue | 7,177) | 6,561) | 5,553) | 4,599) | 5,602) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.23% | 19.25% | 15.87% | 14.09% | 6.30% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 1,452 ÷ 7,177 = 20.23%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Reservoir Performance | Reservoir Performance segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Well Construction
Schlumberger Ltd.; Well Construction; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 2,826) | 2,932) | 2,202) | 1,195) | 866) |
| Revenue | 13,357) | 13,478) | 11,397) | 8,706) | 8,605) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 21.16% | 21.75% | 19.32% | 13.73% | 10.06% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 2,826 ÷ 13,357 = 21.16%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Well Construction | Well Construction segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Profit Margin: Production Systems
Schlumberger Ltd.; Production Systems; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,898) | 1,245) | 748) | 634) | 623) |
| Revenue | 12,143) | 9,831) | 7,862) | 6,710) | 6,650) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 15.63% | 12.66% | 9.51% | 9.45% | 9.37% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 1,898 ÷ 12,143 = 15.63%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Production Systems | Production Systems segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
Schlumberger Ltd., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 45.17% | 40.69% | 43.33% | 36.41% | 20.33% |
| Reservoir Performance | 38.19% | 36.18% | 27.89% | 22.17% | 10.12% |
| Well Construction | 41.92% | 41.13% | 33.98% | 25.35% | 18.16% |
| Production Systems | 26.67% | 18.75% | 13.35% | 13.54% | 13.35% |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Digital & Integration | Digital & Integration segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Reservoir Performance | Reservoir Performance segment ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| Well Construction | Well Construction segment ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| Production Systems | Production Systems segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,408) | 1,257) | 1,357) | 1,141) | 731) |
| Assets | 3,117) | 3,089) | 3,132) | 3,134) | 3,595) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 45.17% | 40.69% | 43.33% | 36.41% | 20.33% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 1,408 ÷ 3,117 = 45.17%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Digital & Integration | Digital & Integration segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment ROA: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,452) | 1,263) | 881) | 648) | 353) |
| Assets | 3,802) | 3,491) | 3,159) | 2,923) | 3,489) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 38.19% | 36.18% | 27.89% | 22.17% | 10.12% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 1,452 ÷ 3,802 = 38.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Reservoir Performance | Reservoir Performance segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Well Construction
Schlumberger Ltd.; Well Construction; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 2,826) | 2,932) | 2,202) | 1,195) | 866) |
| Assets | 6,741) | 7,129) | 6,481) | 4,714) | 4,768) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 41.92% | 41.13% | 33.98% | 25.35% | 18.16% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 2,826 ÷ 6,741 = 41.92%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Well Construction | Well Construction segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Production Systems
Schlumberger Ltd.; Production Systems; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income | 1,898) | 1,245) | 748) | 634) | 623) |
| Assets | 7,116) | 6,640) | 5,603) | 4,684) | 4,665) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 26.67% | 18.75% | 13.35% | 13.54% | 13.35% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 1,898 ÷ 7,116 = 26.67%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Production Systems | Production Systems segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover
Schlumberger Ltd., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 1.36 | 1.25 | 1.19 | 1.05 | 0.86 |
| Reservoir Performance | 1.89 | 1.88 | 1.76 | 1.57 | 1.61 |
| Well Construction | 1.98 | 1.89 | 1.76 | 1.85 | 1.80 |
| Production Systems | 1.71 | 1.48 | 1.40 | 1.43 | 1.43 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Digital & Integration | Digital & Integration segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Reservoir Performance | Reservoir Performance segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Well Construction | Well Construction segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Production Systems | Production Systems segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 4,247) | 3,871) | 3,725) | 3,290) | 3,076) |
| Assets | 3,117) | 3,089) | 3,132) | 3,134) | 3,595) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.36 | 1.25 | 1.19 | 1.05 | 0.86 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Assets
= 4,247 ÷ 3,117 = 1.36
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Digital & Integration | Digital & Integration segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 7,177) | 6,561) | 5,553) | 4,599) | 5,602) |
| Assets | 3,802) | 3,491) | 3,159) | 2,923) | 3,489) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.89 | 1.88 | 1.76 | 1.57 | 1.61 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Assets
= 7,177 ÷ 3,802 = 1.89
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Reservoir Performance | Reservoir Performance segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Well Construction
Schlumberger Ltd.; Well Construction; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 13,357) | 13,478) | 11,397) | 8,706) | 8,605) |
| Assets | 6,741) | 7,129) | 6,481) | 4,714) | 4,768) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.98 | 1.89 | 1.76 | 1.85 | 1.80 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Assets
= 13,357 ÷ 6,741 = 1.98
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Well Construction | Well Construction segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Production Systems
Schlumberger Ltd.; Production Systems; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 12,143) | 9,831) | 7,862) | 6,710) | 6,650) |
| Assets | 7,116) | 6,640) | 5,603) | 4,684) | 4,665) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.71 | 1.48 | 1.40 | 1.43 | 1.43 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Assets
= 12,143 ÷ 7,116 = 1.71
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Production Systems | Production Systems segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
Schlumberger Ltd., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 1.04 | 1.14 | 1.37 | 1.16 | 0.67 |
| Reservoir Performance | 1.55 | 1.33 | 1.24 | 0.84 | 0.70 |
| Well Construction | 1.15 | 1.55 | 1.31 | 0.79 | 0.72 |
| Production Systems | 1.20 | 1.18 | 1.11 | 0.88 | 0.71 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Digital & Integration | Digital & Integration segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Reservoir Performance | Reservoir Performance segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Well Construction | Well Construction segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Production Systems | Production Systems segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 682) | 660) | 689) | 516) | 413) |
| Depreciation and amortization | 654) | 578) | 504) | 446) | 615) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.04 | 1.14 | 1.37 | 1.16 | 0.67 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 682 ÷ 654 = 1.04
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Digital & Integration | Digital & Integration segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 624) | 514) | 478) | 348) | 384) |
| Depreciation and amortization | 403) | 387) | 386) | 415) | 549) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.55 | 1.33 | 1.24 | 0.84 | 0.70 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 624 ÷ 403 = 1.55
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Reservoir Performance | Reservoir Performance segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Well Construction
Schlumberger Ltd.; Well Construction; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 745) | 908) | 687) | 424) | 420) |
| Depreciation and amortization | 649) | 587) | 524) | 537) | 580) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.15 | 1.55 | 1.31 | 0.79 | 0.72 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 745 ÷ 649 = 1.15
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Well Construction | Well Construction segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Production Systems
Schlumberger Ltd.; Production Systems; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 418) | 384) | 346) | 267) | 240) |
| Depreciation and amortization | 348) | 325) | 311) | 302) | 338) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.20 | 1.18 | 1.11 | 0.88 | 0.71 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 418 ÷ 348 = 1.20
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Production Systems | Production Systems segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenue
Schlumberger Ltd., revenue by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 4,247) | 3,871) | 3,725) | 3,290) | 3,076) |
| Reservoir Performance | 7,177) | 6,561) | 5,553) | 4,599) | 5,602) |
| Well Construction | 13,357) | 13,478) | 11,397) | 8,706) | 8,605) |
| Production Systems | 12,143) | 9,831) | 7,862) | 6,710) | 6,650) |
| Eliminations & other | (635) | (606) | (446) | (376) | (332) |
| Total | 36,289) | 33,135) | 28,091) | 22,929) | 23,601) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Operating income
Schlumberger Ltd., operating income by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 1,408) | 1,257) | 1,357) | 1,141) | 731) |
| Reservoir Performance | 1,452) | 1,263) | 881) | 648) | 353) |
| Well Construction | 2,826) | 2,932) | 2,202) | 1,195) | 866) |
| Production Systems | 1,898) | 1,245) | 748) | 634) | 623) |
| Eliminations & other | (263) | (174) | (177) | (253) | (172) |
| Total | 7,321) | 6,523) | 5,011) | 3,365) | 2,401) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Assets
Schlumberger Ltd., assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 3,117) | 3,089) | 3,132) | 3,134) | 3,595) |
| Reservoir Performance | 3,802) | 3,491) | 3,159) | 2,923) | 3,489) |
| Well Construction | 6,741) | 7,129) | 6,481) | 4,714) | 4,768) |
| Production Systems | 7,116) | 6,640) | 5,603) | 4,684) | 4,665) |
| Eliminations & other | 1,247) | 1,352) | 1,426) | 1,501) | 940) |
| Goodwill and intangible assets | 17,605) | 17,323) | 15,974) | 16,201) | 16,436) |
| Cash and short-term investments | 4,669) | 3,989) | 2,897) | 3,139) | 3,006) |
| All other assets | 4,638) | 4,944) | 4,463) | 5,215) | 5,535) |
| Total | 48,935) | 47,957) | 43,135) | 41,511) | 42,434) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Depreciation and amortization
Schlumberger Ltd., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 654) | 578) | 504) | 446) | 615) |
| Reservoir Performance | 403) | 387) | 386) | 415) | 549) |
| Well Construction | 649) | 587) | 524) | 537) | 580) |
| Production Systems | 348) | 325) | 311) | 302) | 338) |
| Eliminations & other | 287) | 277) | 271) | 269) | 276) |
| Corporate & other | 178) | 158) | 151) | 151) | 208) |
| Total | 2,519) | 2,312) | 2,147) | 2,120) | 2,566) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Capital investments
Schlumberger Ltd., capital investments by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Digital & Integration | 682) | 660) | 689) | 516) | 413) |
| Reservoir Performance | 624) | 514) | 478) | 348) | 384) |
| Well Construction | 745) | 908) | 687) | 424) | 420) |
| Production Systems | 418) | 384) | 346) | 267) | 240) |
| Eliminations & other | 143) | 133) | 102) | 99) | 63) |
| Total | 2,612) | 2,599) | 2,302) | 1,654) | 1,520) |
Based on: 10-K (reporting date: 2024-12-31), 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).