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, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 32.47% | 36.43% | 34.68% | 23.76% | 21.28% |
| Reservoir Performance | 19.25% | 15.87% | 14.09% | 6.30% | 10.67% |
| Well Construction | 21.75% | 19.32% | 13.73% | 10.06% | 12.03% |
| Production Systems | 12.66% | 9.51% | 9.45% | 9.37% | 10.37% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Digital & Integration | Digital & Integration segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Reservoir Performance | Reservoir Performance segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Well Construction | Well Construction segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Production Systems | Production Systems segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,257) | 1,357) | 1,141) | 731) | 882) |
| Revenue | 3,871) | 3,725) | 3,290) | 3,076) | 4,145) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 32.47% | 36.43% | 34.68% | 23.76% | 21.28% |
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).
1 2023 Calculation
Segment profit margin = 100 × Pretax operating income ÷ Revenue
= 100 × 1,257 ÷ 3,871 = 32.47%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Digital & Integration | Digital & Integration segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,263) | 881) | 648) | 353) | 992) |
| Revenue | 6,561) | 5,553) | 4,599) | 5,602) | 9,299) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 19.25% | 15.87% | 14.09% | 6.30% | 10.67% |
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).
1 2023 Calculation
Segment profit margin = 100 × Pretax operating income ÷ Revenue
= 100 × 1,263 ÷ 6,561 = 19.25%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Reservoir Performance | Reservoir Performance segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Well Construction
Schlumberger Ltd.; Well Construction; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 2,932) | 2,202) | 1,195) | 866) | 1,429) |
| Revenue | 13,478) | 11,397) | 8,706) | 8,605) | 11,880) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 21.75% | 19.32% | 13.73% | 10.06% | 12.03% |
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).
1 2023 Calculation
Segment profit margin = 100 × Pretax operating income ÷ Revenue
= 100 × 2,932 ÷ 13,478 = 21.75%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Well Construction | Well Construction segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Production Systems
Schlumberger Ltd.; Production Systems; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,245) | 748) | 634) | 623) | 847) |
| Revenue | 9,831) | 7,862) | 6,710) | 6,650) | 8,167) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.66% | 9.51% | 9.45% | 9.37% | 10.37% |
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).
1 2023 Calculation
Segment profit margin = 100 × Pretax operating income ÷ Revenue
= 100 × 1,245 ÷ 9,831 = 12.66%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Production Systems | Production Systems segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Schlumberger Ltd., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 40.69% | 43.33% | 36.41% | 20.33% | 13.81% |
| Reservoir Performance | 36.18% | 27.89% | 22.17% | 10.12% | 19.08% |
| Well Construction | 41.13% | 33.98% | 25.35% | 18.16% | 20.67% |
| Production Systems | 18.75% | 13.35% | 13.54% | 13.35% | 15.06% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Digital & Integration | Digital & Integration segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Reservoir Performance | Reservoir Performance segment ROA improved from 2021 to 2022 and from 2022 to 2023. | |
| Well Construction | Well Construction segment ROA improved from 2021 to 2022 and from 2022 to 2023. | |
| Production Systems | Production Systems segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,257) | 1,357) | 1,141) | 731) | 882) |
| Assets | 3,089) | 3,132) | 3,134) | 3,595) | 6,388) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 40.69% | 43.33% | 36.41% | 20.33% | 13.81% |
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).
1 2023 Calculation
Segment ROA = 100 × Pretax operating income ÷ Assets
= 100 × 1,257 ÷ 3,089 = 40.69%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Digital & Integration | Digital & Integration segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment ROA: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,263) | 881) | 648) | 353) | 992) |
| Assets | 3,491) | 3,159) | 2,923) | 3,489) | 5,198) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 36.18% | 27.89% | 22.17% | 10.12% | 19.08% |
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).
1 2023 Calculation
Segment ROA = 100 × Pretax operating income ÷ Assets
= 100 × 1,263 ÷ 3,491 = 36.18%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Reservoir Performance | Reservoir Performance segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Well Construction
Schlumberger Ltd.; Well Construction; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 2,932) | 2,202) | 1,195) | 866) | 1,429) |
| Assets | 7,129) | 6,481) | 4,714) | 4,768) | 6,913) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 41.13% | 33.98% | 25.35% | 18.16% | 20.67% |
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).
1 2023 Calculation
Segment ROA = 100 × Pretax operating income ÷ Assets
= 100 × 2,932 ÷ 7,129 = 41.13%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Well Construction | Well Construction segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Production Systems
Schlumberger Ltd.; Production Systems; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Pretax operating income | 1,245) | 748) | 634) | 623) | 847) |
| Assets | 6,640) | 5,603) | 4,684) | 4,665) | 5,625) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 18.75% | 13.35% | 13.54% | 13.35% | 15.06% |
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).
1 2023 Calculation
Segment ROA = 100 × Pretax operating income ÷ Assets
= 100 × 1,245 ÷ 6,640 = 18.75%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Production Systems | Production Systems segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover
Schlumberger Ltd., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 1.25 | 1.19 | 1.05 | 0.86 | 0.65 |
| Reservoir Performance | 1.88 | 1.76 | 1.57 | 1.61 | 1.79 |
| Well Construction | 1.89 | 1.76 | 1.85 | 1.80 | 1.72 |
| Production Systems | 1.48 | 1.40 | 1.43 | 1.43 | 1.45 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Digital & Integration | Digital & Integration segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Reservoir Performance | Reservoir Performance segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Well Construction | Well Construction segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Production Systems | Production Systems segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 3,871) | 3,725) | 3,290) | 3,076) | 4,145) |
| Assets | 3,089) | 3,132) | 3,134) | 3,595) | 6,388) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.25 | 1.19 | 1.05 | 0.86 | 0.65 |
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).
1 2023 Calculation
Segment asset turnover = Revenue ÷ Assets
= 3,871 ÷ 3,089 = 1.25
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Digital & Integration | Digital & Integration segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 6,561) | 5,553) | 4,599) | 5,602) | 9,299) |
| Assets | 3,491) | 3,159) | 2,923) | 3,489) | 5,198) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.88 | 1.76 | 1.57 | 1.61 | 1.79 |
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).
1 2023 Calculation
Segment asset turnover = Revenue ÷ Assets
= 6,561 ÷ 3,491 = 1.88
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Reservoir Performance | Reservoir Performance segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Well Construction
Schlumberger Ltd.; Well Construction; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 13,478) | 11,397) | 8,706) | 8,605) | 11,880) |
| Assets | 7,129) | 6,481) | 4,714) | 4,768) | 6,913) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.89 | 1.76 | 1.85 | 1.80 | 1.72 |
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).
1 2023 Calculation
Segment asset turnover = Revenue ÷ Assets
= 13,478 ÷ 7,129 = 1.89
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Well Construction | Well Construction segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover: Production Systems
Schlumberger Ltd.; Production Systems; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenue | 9,831) | 7,862) | 6,710) | 6,650) | 8,167) |
| Assets | 6,640) | 5,603) | 4,684) | 4,665) | 5,625) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.48 | 1.40 | 1.43 | 1.43 | 1.45 |
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).
1 2023 Calculation
Segment asset turnover = Revenue ÷ Assets
= 9,831 ÷ 6,640 = 1.48
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Production Systems | Production Systems segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation
Schlumberger Ltd., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 1.14 | 1.37 | 1.16 | 0.67 | 0.95 |
| Reservoir Performance | 1.33 | 1.24 | 0.84 | 0.70 | 0.71 |
| Well Construction | 1.55 | 1.31 | 0.79 | 0.72 | 0.99 |
| Production Systems | 1.18 | 1.11 | 0.88 | 0.71 | 0.98 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Digital & Integration | Digital & Integration segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Reservoir Performance | Reservoir Performance segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Well Construction | Well Construction segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Production Systems | Production Systems segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Digital & Integration
Schlumberger Ltd.; Digital & Integration; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 660) | 689) | 516) | 413) | 1,020) |
| Depreciation and amortization | 578) | 504) | 446) | 615) | 1,069) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.14 | 1.37 | 1.16 | 0.67 | 0.95 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 660 ÷ 578 = 1.14
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Digital & Integration | Digital & Integration segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Reservoir Performance
Schlumberger Ltd.; Reservoir Performance; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 514) | 478) | 348) | 384) | 569) |
| Depreciation and amortization | 387) | 386) | 415) | 549) | 807) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.33 | 1.24 | 0.84 | 0.70 | 0.71 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 514 ÷ 387 = 1.33
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Reservoir Performance | Reservoir Performance segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Well Construction
Schlumberger Ltd.; Well Construction; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 908) | 687) | 424) | 420) | 650) |
| Depreciation and amortization | 587) | 524) | 537) | 580) | 656) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.55 | 1.31 | 0.79 | 0.72 | 0.99 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 908 ÷ 587 = 1.55
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Well Construction | Well Construction segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Production Systems
Schlumberger Ltd.; Production Systems; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital investments | 384) | 346) | 267) | 240) | 384) |
| Depreciation and amortization | 325) | 311) | 302) | 338) | 390) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.18 | 1.11 | 0.88 | 0.71 | 0.98 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital investments ÷ Depreciation and amortization
= 384 ÷ 325 = 1.18
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Production Systems | Production Systems segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenue
Schlumberger Ltd., revenue by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 3,871) | 3,725) | 3,290) | 3,076) | 4,145) |
| Reservoir Performance | 6,561) | 5,553) | 4,599) | 5,602) | 9,299) |
| Well Construction | 13,478) | 11,397) | 8,706) | 8,605) | 11,880) |
| Production Systems | 9,831) | 7,862) | 6,710) | 6,650) | 8,167) |
| Eliminations & other | (606) | (446) | (376) | (332) | (574) |
| Total | 33,135) | 28,091) | 22,929) | 23,601) | 32,917) |
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).
Pretax operating income
Schlumberger Ltd., pretax operating income by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 1,257) | 1,357) | 1,141) | 731) | 882) |
| Reservoir Performance | 1,263) | 881) | 648) | 353) | 992) |
| Well Construction | 2,932) | 2,202) | 1,195) | 866) | 1,429) |
| Production Systems | 1,245) | 748) | 634) | 623) | 847) |
| Eliminations & other | (174) | (177) | (253) | (172) | (172) |
| Total | 6,523) | 5,011) | 3,365) | 2,401) | 3,978) |
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).
Assets
Schlumberger Ltd., assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 3,089) | 3,132) | 3,134) | 3,595) | 6,388) |
| Reservoir Performance | 3,491) | 3,159) | 2,923) | 3,489) | 5,198) |
| Well Construction | 7,129) | 6,481) | 4,714) | 4,768) | 6,913) |
| Production Systems | 6,640) | 5,603) | 4,684) | 4,665) | 5,625) |
| Eliminations & other | 1,352) | 1,426) | 1,501) | 940) | 1,314) |
| Goodwill and intangible assets | 17,323) | 15,974) | 16,201) | 16,436) | 23,130) |
| Cash and short-term investments | 3,989) | 2,897) | 3,139) | 3,006) | 2,167) |
| All other assets | 4,944) | 4,463) | 5,215) | 5,535) | 5,577) |
| Total | 47,957) | 43,135) | 41,511) | 42,434) | 56,312) |
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).
Depreciation and amortization
Schlumberger Ltd., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 578) | 504) | 446) | 615) | 1,069) |
| Reservoir Performance | 387) | 386) | 415) | 549) | 807) |
| Well Construction | 587) | 524) | 537) | 580) | 656) |
| Production Systems | 325) | 311) | 302) | 338) | 390) |
| Eliminations & other | 277) | 271) | 269) | 276) | 250) |
| Corporate & other | 158) | 151) | 151) | 208) | 417) |
| Total | 2,312) | 2,147) | 2,120) | 2,566) | 3,589) |
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).
Capital investments
Schlumberger Ltd., capital investments by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Digital & Integration | 660) | 689) | 516) | 413) | 1,020) |
| Reservoir Performance | 514) | 478) | 348) | 384) | 569) |
| Well Construction | 908) | 687) | 424) | 420) | 650) |
| Production Systems | 384) | 346) | 267) | 240) | 384) |
| Eliminations & other | 133) | 102) | 99) | 63) | 113) |
| Total | 2,599) | 2,302) | 1,654) | 1,520) | 2,736) |
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).