Schlumberger Ltd., current enterprise value calculation

Current share price (P)	$50.81
No. shares of common stock outstanding	1,427,394,843
US$ in millions
Common equity (market value)¹	72,526)
Add: Noncontrolling interests (per books)	1,170)
Total equity	73,696)
Add: Short-term borrowings and current portion of long-term debt (per books)	1,123)
Add: Long-term debt, excluding current portion (per books)	10,842)
Total equity and debt	85,661)
Less: Cash	2,900)
Less: Short-term investments	1,089)
Enterprise value (EV)	81,672)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 50.81 × 1,427,394,843

Schlumberger Ltd., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$51.67	$56.25	$39.80	$21.81	$36.68
No. shares of common stock outstanding¹	1,427,394,843	1,420,188,492	1,403,381,685	1,392,325,960	1,384,515,345
US$ in millions
Common equity (market value)³	73,753)	79,886)	55,855)	30,367)	50,784)
Add: Noncontrolling interests (book value)	1,170)	304)	282)	418)	416)
Total equity	74,923)	80,190)	56,137)	30,785)	51,200)
Add: Short-term borrowings and current portion of long-term debt (book value)	1,123)	1,632)	909)	850)	524)
Add: Long-term debt, excluding current portion (book value)	10,842)	10,594)	13,286)	16,036)	14,770)
Total equity and debt	86,888)	92,416)	70,332)	47,671)	66,494)
Less: Cash	2,900)	1,655)	1,757)	844)	1,137)
Less: Short-term investments	1,089)	1,239)	1,382)	2,162)	1,030)
Enterprise value (EV)	82,899)	89,522)	67,193)	44,665)	64,327)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Schlumberger Ltd. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 51.67 × 1,427,394,843

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Schlumberger Ltd. EV increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Schlumberger Ltd. (NYSE:SLB)

Enterprise Value (EV)