Schlumberger Reports on Payments to Governments for the year ended 31 December 2021

30 June 2022

PARIS--(BUSINESS WIRE)--Jun. 30, 2022-- Regulatory News:

Schlumberger Limited is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”) , which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to governments for the year ended December 31, 2021 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2021 to governments in Morocco, the United Kingdom and the United States in connection with the Company’s extractive activities under the FCC, including its operation of sand and barite mines.

Payments are disclosed in US Dollars. Where a payment or a series of related payments is less than the equivalent of EUR100,000 (USD $118,270) such payments have been excluded (in line with the FCC). Payments made in currencies other than United States Dollars are converted based on the foreign exchange rate at the relevant annual average rate.¹

Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

Year ended December 31, 2021 (USD in thousands)

Morocco
Project Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	Dividends	Total³
COMABAR (Barite)	606.6	0	0	59.1	0	0	771.8	1,437.5
2021 Total	606.6	0	0	59.1	0	0	771.8	$ 1,437.5

Government Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	Dividends	Total³
General Tax Administration	606.6	0	0	59.1	0	0	0	665.7
Office National des Hydrocarbures et des Mines (ONHYM)	0	0	0	0	0	0	771.8	771.8
2021 Total	606.6	0	0	59.1	0	0	771.8	$ 1,437.5

United Kingdom
Project Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	Dividends	Total³
Foss Mine (Barite)	26.2	105.0	3.8	0	0	0	0	135.0
Duntanlich (Barite)	8.3	13.7	5.8	0	0	0	0	27.8
2021 Total	34.5	118.7	9.6	0	0	0	0	$ 162.8

Government Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements	Bonuses	Infrastructure Improvements	Dividends	Total³
Forestry Commission of Scotland	0	118.7	0	0	0	0	0	118.7
Scottish Environment Protection Agency (SEPA)	0	0	9.6	0	0	0	0	9.6
HSE Mines Inspectorate	0	0	0	0	0	0	0	0.0
Scottish Police Authority	0	0	0	0	0	0	0	0.0
HM Revenue and Customs	0.6	0	0	0	0	0	0	0.0
Revenue Scotland LBTT Refund Regs of Scotland Fees & Assignations for leases	6.2	0	0	0	0	0	0	6.2
Perth & Kinross Council	28.3	0	0	0	0	0	0	28.3
2021 Total	34.5	118.7	9.6	0	0	0	0	$ 162.8

United States
Project Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements²	Bonuses	Infrastructure Improvements	Dividends	Total³
Big Bird (Barite)	0	0	19.5	0	0	0	0	19.5
Greybull Mine (Bentonite)	775.5	39.0	3.3	127.4	0	0	0	945.2
Hixton Mine (Frac Sand)	304.6	0	42.3	0	0	0	0	346.9
Greystone Mine (Barite)	308.1	0	10.4	0	0	0	0	318.5
Mountain Springs (Barite)	38.1	0	12.9	0	0	0	0	51.0
2021 Total	1,426.3	39.0	88.4	127.4	0	0	0	$ 1,681.1

Government Report
	Taxes	Royalties²	Licenses and Fees	Production Entitlements²	Bonuses	Infrastructure Improvements	Dividends	Total
Mine Safety and Health Administration	0	0	0.3	0	0	0	0	0.3
Curran Township	304.6	0	42.3	0	0	0	0	346.9
Elko County	0	0	1.3	0	0	0	0	1.3
Lander County	230.9	0	1.1	0	0	0	0	232.0
State of Nevada	115.3	0	7.9	0	0	0	0	123.2
Air Quality Division of Wyoming	0	0	2.6	0	0	0	0	2.6
Big Horn County	672.0	0	0	0.5	0	0	0	672.5
Bureau of Land Management	0	0	32.5	126.8	0	0	0	159.3
Office of State Lands and Investments of Wyoming	0	39.0	0.3	0	0	0	0	39.3
State of Wyoming	102.8	0	0	0	0	0	0	102.8
Washakie County	0.7	0	0	0.1	0	0	0	0.8
US Department of Agriculture	0	0	0.1	0	0	0	0	0.1
2021 Total	1,426.3	39.0	88.3	127.4	0	0	0	$ 1,681.0

Notes:

Payments made in local currencies are translated at the average exchange rate for the year. Conversion of EUR to USD based on a rate of EUR 1 = $1.1827 and of GBP 1 = $1.3757.
Royalty payments and production entitlements are paid in cash, except where noted. The value of production entitlements made in kind are calculated with reference to market rates at the time of payment.
Totals do not add exactly due to rounding.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629006010/en/

Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
+1 (713) 375-3535
investor-relations@slb.com

Source: Schlumberger Limited

Press Release

Schlumberger Reports on Payments to Governments for the year ended 31 December 2021

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