Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

$24.99

Analysis of Reportable Segments

Microsoft Excel

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Segment Profit Margin

Schlumberger Ltd., profit margin by reportable segment

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Revenue
Segment Profitability Ratio
Segment profit margin1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Revenue
Segment Profitability Ratio
Segment profit margin1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Revenue
Segment Profitability Ratio
Segment profit margin1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Revenue
Segment Profitability Ratio
Segment profit margin1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Assets
Segment Profitability Ratio
Segment ROA1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Assets
Segment Profitability Ratio
Segment ROA1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Assets
Segment Profitability Ratio
Segment ROA1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Pretax operating income
Assets
Segment Profitability Ratio
Segment ROA1

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 × ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Assets
Segment Activity Ratio
Segment asset turnover1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Assets
Segment Activity Ratio
Segment asset turnover1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Assets
Segment Activity Ratio
Segment asset turnover1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue
Assets
Segment Activity Ratio
Segment asset turnover1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital investments
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital investments
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital investments
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Capital investments
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

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
= ÷ =

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems
Eliminations & other
Total

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems
Eliminations & other
Total

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems
Eliminations & other
Goodwill and intangible assets
Cash and short-term investments
All other assets
Total

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems
Eliminations & other
Corporate & other
Total

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Digital & Integration
Reservoir Performance
Well Construction
Production Systems
Eliminations & other
Total

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).