New York, September 4, 2019 Barclays CEO Energy - Power Conference Olivier Le Peuch, CEO Q2
Safe Harbor This presentation contains forward-looking statements within the exploration and development; our inability to achieve our financial and meaning of the federal securities laws that is, statements about the future, performance…
Market Challenges and Dynamics Oilfield Services Underperforming Oil Price Energy Transition 54% 55% Oil & Gas Brent 28% Renewables and 27% (/bbl) other non-HC 19% 17% Coal OSX () 1999 2004 2009 2014 2019 2017 2025…
Key Basin Cycle Signatures Offshore Russia and Central Asia 2005 2019 North America Land 2005 2019 2005 2019 Middle East Drilling Rig Count 2005 2019 Q2
Our Vision: Lead and Drive High Performance in the Oil & Gas Industry Team Performance Market Customer Outperformance Technology Performance Performance Exploration Development Production Leverage subsurface Offer…
Selected Elements of Strategy Customer Performance Modernize Operating Model Technology Platform Foundation Q2
Digital Leadership E&P Digital Ecosystem Data Workflows Edge Q2
Digital Leadership Digital Edge Solution Planning Orchestration Automation Q2
Deploy Fit-for-Basin Technology fit In-country value Market access Q2
Capture Value from Performance Models SPM Integrated Services Customer Performance Bundled Services Discrete Services Q2
North America Land Scale to Fit Review of Strategic Options Refocus portfolio and restructure Business model evolution All options to be considered Q2
SPM Harvest and Repurpose Monetization and cashflow No use of balance sheet. No equity Repurpose to Asset Performance Solutions Q2
Financial Targets Focus on Returns Revert to peak international margins Restore North America double-digit margins Achieve double-digit free cash flow margins Commitment to the dividend policy Q2
Closing Remarks Schlumberger of tomorrow will not be the Schlumberger of today Performance partner of choice The digital leader Trusted steward of capital In a resilient industry with paths for solid returns Q2
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