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    Schlumberger NV (SLB)

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    SLB, formerly known as Schlumberger Limited, is a global technology company dedicated to advancing energy innovation and supporting the energy transition. Operating in over 100 countries, SLB is organized into four main divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems . The company offers a range of products and services designed to enhance energy efficiency, optimize reservoir productivity, and improve well and production systems . In 2023, SLB's international operations represented a significant portion of its revenue, underscoring its global reach .

    1. Reservoir Performance - Focuses on reservoir-centric technologies and services to optimize reservoir productivity and performance, developing technologies for evaluating, intervening, and stimulating reservoirs to maximize return on investment .
    2. Well Construction - Offers a comprehensive portfolio of products and services aimed at optimizing well placement and performance, maximizing drilling efficiency, and improving wellbore assurance .
    3. Production Systems - Develops technologies and provides expertise to enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries, including artificial lift, completions equipment, surface systems, valves, processing solutions, and OneSubsea integrated solutions for the subsea market .
    4. Digital & Integration - Combines SLB's digital solutions and data products with its Asset Performance Solutions (APS) to enhance performance by reducing cycle times, accelerating returns, and lowering costs and carbon emissions, including digital solutions, exploration data, and data processing services .
    NamePositionStart DateShort Bio
    Olivier Le PeuchChief Executive Officer and DirectorAug 2019Olivier Le Peuch has been the CEO and a member of the Board of Directors at SLB since August 2019. He joined SLB in 1987 and has held various global management positions .
    Khaled Al MogharbelExecutive Vice President, GeographiesJul 2020Khaled Al Mogharbel is the EVP, Geographies at SLB since July 2020. He previously served as EVP, Operations and EVP, Eastern Hemisphere .
    Stephane BiguetExecutive Vice President and Chief Financial OfficerJan 2020Stephane Biguet has been the EVP and CFO of SLB since January 2020. He was previously the Vice President of Finance .
    Abdellah MeradExecutive Vice President, Core Services and EquipmentApr 2022Abdellah Merad is the EVP, Core Services and Equipment at SLB since April 2022. He previously served as EVP, Performance Management .
    Katharina BeumelburgChief Strategy and Sustainability OfficerMay 2021Katharina Beumelburg has been the Chief Strategy and Sustainability Officer at SLB since May 2021. She was previously with Siemens Energy .
    Demosthenis PafitisChief Technology OfficerFeb 2020Demosthenis Pafitis has been the CTO at SLB since February 2020. He was previously the Senior Vice President of SLB 4.0 Platforms .
    Dianne RalstonChief Legal Officer and SecretaryDec 2020Dianne Ralston has been the Chief Legal Officer at SLB since December 2020 and Secretary since April 2021. She was previously with TechnipFMC plc .
    Carmen Rando BejarChief People OfficerApr 2022Carmen Rando Bejar is the Chief People Officer at SLB since April 2022. She previously served as Vice President, Global Business Services .
    Rakesh JaggiPresident, Digital and IntegrationApr 2023Rakesh Jaggi is the President of Digital and Integration at SLB since April 2023. He previously served as Senior Vice President, Sales & Commercial .
    Gavin RennickPresident, New EnergyApr 2022Gavin Rennick is the President of New Energy at SLB since April 2022. He previously served as Vice President of Human Resources .
    Kevin FyfeVice President and TreasurerJul 2022Kevin Fyfe has been the Vice President and Treasurer at SLB since July 2022. He was previously the Vice President and Controller .
    Howard GuildChief Accounting OfficerJul 2005Howard Guild has been the Chief Accounting Officer at SLB since July 2005 .
    Ugo PrechnerVice President and ControllerAug 2022Ugo Prechner is the Vice President and Controller at SLB since August 2022. He previously served as the Well Construction Controller .
    Vijay KasibhatlaDirector, Mergers and AcquisitionsJan 2013Vijay Kasibhatla has been the Director, Mergers and Acquisitions at SLB since January 2013. He oversees merger and acquisition activities within the company .
    1. Given the cautious approach to discretionary short-cycle spending and the expectation of low to mid-single-digit growth in international upstream spending in 2025, how confident are you in delivering further margin expansion, and what specific strategies will you employ to achieve this in a potentially flat revenue environment?

    2. With the integration of ChampionX now anticipated to close in the first quarter of 2025, have any new challenges emerged that could impact the expected synergies, and can you provide more detail on how this acquisition will enhance your financial performance amidst evolving market conditions?

    3. Considering the ongoing pressures from commodity price fluctuations and concerns over an oversupplied market, how are you adjusting your strategy in North America where activity remains constrained, and what specific measures are you taking to mitigate the impact on your revenues and margins in this region?

    4. Your digital business has shown strong growth, but as upstream spending potentially slows, how sensitive is your digital revenue growth to reductions in upstream investment, and can you quantify the potential impact on your digital growth trajectory?

    5. With the planned sale of the Palliser asset, which contributes approximately $500 million in annual revenue, how do you plan to offset the loss of this revenue in the long term, and what impact will this divestment have on your production capacity and earnings volatility?

    Program DetailsProgram 1
    Approval DateJanuary 21, 2016
    End Date/DurationN/A
    Total additional amount$10 billion
    Remaining authorization amount$7.0 billion
    DetailsAs of September 30, 2024, SLB had repurchased approximately $3.0 billion of SLB common stock under this program.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2025523Senior Notes4.004.3% = (523 / 12,074) * 100
    2025500Senior Notes1.404.1% = (500 / 12,074) * 100
    20261,040Guaranteed Notes1.3758.6% = (1,040 / 12,074) * 100
    2026624Guaranteed Notes1.005.2% = (624 / 12,074) * 100
    2027936Notes0.257.8% = (936 / 12,074) * 100
    2027495Senior Notes5.004.1% = (495 / 12,074) * 100
    20281,478Senior Notes3.9012.2% = (1,478 / 12,074) * 100
    2028497Senior Notes4.504.1% = (497 / 12,074) * 100
    2029848Senior Notes4.307.0% = (848 / 12,074) * 100
    2029493Senior Notes5.004.1% = (493 / 12,074) * 100
    20301,250Senior Notes2.6510.4% = (1,250 / 12,074) * 100
    2031935Notes0.507.7% = (935 / 12,074) * 100
    20321,034Guaranteed Notes2.008.6% = (1,034 / 12,074) * 100
    2033498Senior Notes4.854.1% = (498 / 12,074) * 100
    2034489Senior Notes5.004.1% = (489 / 12,074) * 100
    2038197Notes7.001.6% = (197 / 12,074) * 100
    2041111Notes5.950.9% = (111 / 12,074) * 100
    204398Notes5.130.8% = (98 / 12,074) * 100
    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1952 PresentCurrent auditor