Barclays CEO Energy-Power Conference Paal Kibsgaard September 12, 2013
Barclays CEO Energy-Power Conference Paal Kibsgaard Thank you and good afternoon ladies and gentlemen. I would like to start by thanking Barclays Capital and James West in particular for the invitation to speak at this…
Barclays CEO Energy-Power Conference Paal Kibsgaard To best understand our size, lets look at some of the key aspects of our business and our global footprint. Schlumberger today operates in over 85 countries, many of which we…
Barclays CEO Energy-Power Conference Paal Kibsgaard Now lets turn to the financials. In terms of our market cap, today we are bigger than the sum of our three main competitors by a wide margin. In terms of global operating income,…
Barclays CEO Energy-Power Conference Paal Kibsgaard In 2011 our global margin lead versus the average of our three main competitors was 270 basis points. Focused execution in a challenging environment has now enabled us to extend…
Barclays CEO Energy-Power Conference Paal Kibsgaard Finally, we have maintained a solid track record of generating significant free cash-flow from our operations, which enables us to consistently return cash to our shareholders…
Barclays CEO Energy-Power Conference Paal Kibsgaard Another key aspect of our size advantage is the breadth of our technology offering, which today includes 15 product lines and almost every aspect of the exploration, drilling, and…
Barclays CEO Energy-Power Conference Paal Kibsgaard Lastly, the span of our technology offering gives us a clear advantage in terms of providing project and workflow integration to our customers. I will discuss this later in todays…
Barclays CEO Energy-Power Conference Paal Kibsgaard To handle this activity we operate around 150,000 mobile assets, including vessels, vehicles, surface equipment, and downhole tools. We support our operations from 2,500 facilities…
Barclays CEO Energy-Power Conference Paal Kibsgaard Prior to 1998, the Schlumberger organizational model was based on standalone, self- contained product lines with only a small corporate structure at the top. Under this set-up,…
Barclays CEO Energy-Power Conference Paal Kibsgaard So in 1998, with our offering having reached seven product lines, we made the move to a matrix organization. In this structure, the product lines are still the center of the…
Barclays CEO Energy-Power Conference Paal Kibsgaard Through this evolution we have now created a platform which, together with an upgrade of our work processes and operating systems, will enable us to fully leverage our size advantage…
Barclays CEO Energy-Power Conference Paal Kibsgaard Five years later, we have largely completed the transformation of the R&E organization by creating a unified global structure where engineering, manufacturing and field support work…
Barclays CEO Energy-Power Conference Paal Kibsgaard In 2010, building on our experience from the R&E transformation, we also created a unified shared services organization spanning the support activities that were managed by the…
Barclays CEO Energy-Power Conference Paal Kibsgaard This organization will be further supported by our global transportation network, which is currently undergoing a similar upgrade to enable quicker and more cost-effective movement…
Barclays CEO Energy-Power Conference Paal Kibsgaard Second, we aim to reach a five sigma reliability level with all our product lines, which would bring our quality performance in line with that of the automotive industry. This…
Barclays CEO Energy-Power Conference Paal Kibsgaard Today we operate well over 60 projects globally with a rich project backlog. Our offering covers basic project coordination, turn-key well construction, production-intervention…
Barclays CEO Energy-Power Conference Paal Kibsgaard We plan to continue improving our performance by working toward the following high-level goals. First, in 2011 and 2012 we posted growth in earnings per share of 38% and 16%,…
Barclays CEO Energy-Power Conference Paal Kibsgaard Third, we will continue to focus on improving return on capital and free cash flow from our operations to fuel the return of cash to our shareholders, both in terms of stock…
Barclays CEO Energy-Power Conference Paal Kibsgaard I would now like to turn to our business outlook for the rest of 2013. The oil market has shown little change since the end of the second quarter, although IEA estimates for…
Barclays CEO Energy-Power Conference Paal Kibsgaard In ECA, our business in Russia remains very strong, while we have some delays in parts of Europe and Africa this quarter, driven by summer shut-downs in the North Sea, ongoing…
Barclays CEO Energy-Power Conference Paal Kibsgaard Ladies and gentlemen, Schlumberger revenue has quadrupled over the past 10 years. Over the same period, our workforce has grown from 51,000 to 120,000 employees, and our product…
Schlumberger Limited For more information, contact Malcolm Theobald Vice President of Investor Relations Joy V. Domingo Manager of Investor Relations Office +1 (713) 375-3535 investor-relationsslb.com http://investorcenter.slb.com
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