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At the conclusion of the conference call, an audio replay will be available until February 17, 2020 by dialing +1 (866) 207-1041 within North America, or +1 (402) 970-0847 outside North America, and providing the access code 5581807. First oil is scheduled for delivery in late 2021. Represents the write-down of inventory to its net realizable value. “In addition, we generated significant cashflow from operations as we ended the year, leveraging our capital stewardship program. Fourth-quarter revenue of $8.2 billion decreased 4% sequentially. APS revenue was also down by nearly 50% due primarily to a significant production interruption in Ecuador. However, subsequent waves of potential COVID-19 resurgence pose a negative risk to this outlook. “In the face of such adversity, Schlumberger has demonstrated resilience. To access the call, which is open to the public, please contact the conference call operator at +1 (844) 721-7241 within North America, or +1 (409) 207-6955 outside North America, approximately 10 minutes prior to the call’s scheduled start time, and provide the access code 4013483. We initiated our scale-to-fit strategy in North America land amid continued challenging market conditions, removed structural costs to protect margins, and accelerated technology-access business models and asset-light operations transformation. The margin contraction was primarily in North America, while international margin was resilient and flat sequentially. How does this reconcile to the average number of shares outstanding, assuming dilution, used in the calculation of diluted earnings per share, excluding charges and credits? Interest income of $10 million for the fourth quarter of 2019 increased $2 million sequentially.

On October 1, 2019, Schlumberger and Rockwell Automation closed Sensia, their previously announced joint venture. Elle fut fondée en France sous le nom de « Société de prospection électrique » en 1926 par deux Alsaciens, les frères Conrad et Marcel Schlumberger, grâce à leurs idées innovantes pour détecter différents types de roches par conductivité électrique. The call is scheduled to begin at 8:30 a.m. Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. (To view PDF files, get Adobe Acrobat Reader.). Join us October 27. In US land, Bits & Drilling Tools collaborated with Matador Resources to increase the drilling rate of penetration (ROP) in the West Texas Wolfcamp A Formation. Schlumberger Online Conference Working Together. Free cash flow for the fourth quarter of 2019 was $1.5 billion. Schlumberger entered into a collaboration agreement with China Petroleum Logging Co., Ltd (CPL), a subsidiary of China National Petroleum Corporation (CNPC), to jointly manufacture fit-for-basin wireline downhole technology in China. Kuwait Oil Company awarded Schlumberger a five-year contract with an optional one-year extension valued at USD 320 million for the provision of coiled tubing and stimulation services. Overall performance was positive—particularly in the international markets—and we generated $2.7 billion in free cash flow, which was a remarkable achievement under these market conditions. “Sequential international growth was led by the Middle East & Asia area, where revenue increased 5% driven by higher year-end product sales in Kuwait, Iraq, and Oman; delivery of additional lump-sum-turnkey (LSTK) wells in Saudi Arabia; and increased Well Services activity in Qatar. Cameron revenue was higher from increased OneSubsea activity in India. The remaining portion of the charge largely relates to the non-cash impairment of certain assets.

13) What was the book-to-bill ratio for Cameron’s long-cycle businesses? These amounts are included within Other Assets in Schlumberger’s Condensed Consolidated Balance Sheet. The OneSubsea and Drilling Systems orders and backlog were as follows: 14) What are the components of the $209 million of charges and credits recorded during the fourth quarter of 2019?

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