0000950170-24-085905 | 10-Q | XBRL Viewer

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Charges and Credits - Additional Information (Detail) - USD ($) shares in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Charges And Credits [Line Items]
Severance charge	$ 111,000,000
Merger & integration	16,000,000				$ 27,000,000
Charges and credits, Net			$ 0		126,000,000
Liberty Energy Inc
Charges And Credits [Line Items]
Shares issued				9
Received proceeds from sale of shares				$ 137,000,000
Gains on sales of businesses				28,000,000
Pretax gain on sale of business				$ 36,000,000
Product
Charges And Credits [Line Items]
Cost of services and sales	2,739,000,000		$ 2,214,000,000		$ 5,331,000,000	$ 4,370,000,000
Aker \| Subsea Business
Charges And Credits [Line Items]
Business acquisition pre tax charges	31,000,000	$ 25,000,000
Amortization of purchase accounting adjustments related to acquired inventories	15,000,000	14,000,000
Other merger and integration-related costs	16,000,000	11,000,000
Aker \| Subsea Business \| Product
Charges And Credits [Line Items]
Cost of services and sales	$ 15,000,000	$ 14,000,000

Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

3. Earnings per Share

The following is a reconciliation from basic earnings per share of SLB to diluted earnings per share of SLB:


	(Stated in millions, except per share amounts)

	2024						2023
	Net Income Attributable to SLB		Average Shares Outstanding		Earnings per Share		Net Income Attributable to SLB		Average Shares Outstanding		Earnings per Share
Second Quarter
Basic	$	1,112		1,428	$	0.78	$	1,033		1,423	$	0.73
Assumed exercise of stock options		-		1				-		2
Unvested restricted stock		-		14				-		17
Diluted	$	1,112		1,443	$	0.77	$	1,033		1,442	$	0.72


	2024						2023
	Net Income Attributable to SLB		Average Shares Outstanding		Earnings per Share		Net Income Attributable to SLB		Average Shares Outstanding		Earnings per Share
Six Months
Basic	$	2,180		1,429	$	1.53	$	1,967	$	1,425	$	1.38
Assumed exercise of stock options		-		1				-		2
Unvested restricted stock		-		15				-		17
Diluted	$	2,180		1,445	$	1.51	$	1,967	$	1,444	$	1.36

The number of outstanding options to purchase shares of SLB common stock that were not included in the computation of diluted income per share, because to do so would have had an antidilutive effect, was as follows:


(Stated in millions)

	Second Quarter				Six Months
	2024		2023		2024		2023
Employee stock options		17		22		17		22

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	SCHLUMBERGER LIMITED/NV
Entity Central Index Key	0000087347
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,419,841,229
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	1-4601
Entity Tax Identification Number	52-0684746
Entity Address, Address Line One	5599 San Felipe
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Incorporation, State or Country Code	P8
Entity Address, Country	US
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	513-2000
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	common stock, par value $0.01 per share
Security Exchange Name	NYSE
Trading Symbol	SLB

Derivative Instruments and Hedging Activities - Summary of Derivatives Included in the Consolidated Balance Sheet (Detail) - Cross currency interest rate swaps - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative liability current	$ 17
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities, Current
Derivative assets noncurrent	$ 12	$ 36
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Derivative liability noncurrent	$ 158	$ 67
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Derivative Instruments and Hedging Activities - Additional Information (Detail) € in Billions	1 Months Ended	3 Months Ended				6 Months Ended
	Jul. 31, 2024 USD ($)	Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2020 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 EUR (€)
Derivative [Line Items]
Denominated debt issued									$ 500,000,000	€ 1.5
Fair value of outstanding derivatives \| $						$ 0	$ 0
Credit Default Swap
Derivative [Line Items]
Notional amount of interest rate swap \| $						$ 463,000,000
Credit derivative term						20 months
Subsequent Event \| Credit Default Swap
Derivative [Line Items]
Notional amount of interest rate swap \| $	$ 550,000,000
Credit derivative term	24 months
Scenario Forecast
Derivative [Line Items]
Percentage of derivative contracts of oil price		25.00%	50.00%	75.00%	75.00%
0.00% Notes due 2024
Derivative [Line Items]
Notes, face amount										€ 0.5
Derivative swap interest rate										0.00%
0.25% Notes due 2027
Derivative [Line Items]
Notes, face amount								€ 0.4		€ 0.5
Derivative swap interest rate								0.25%	0.25%	0.25%
Promissory note interest rate						0.25%	0.25%
0.50% Notes due 2031
Derivative [Line Items]
Notes, face amount								€ 0.4		€ 0.5
Derivative swap interest rate								0.50%	0.50%	0.50%
Promissory note interest rate						0.50%	0.50%
Euro-denominated Notes
Derivative [Line Items]
Denominated debt issued								€ 0.8
Euro-denominated Guaranteed Notes
Derivative [Line Items]
Denominated debt issued								2.0
1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Notes, face amount								€ 1.0
Derivative swap interest rate								1.375%	1.375%
2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Notes, face amount								€ 1.0
Derivative swap interest rate								2.00%	2.00%
1.40% Senior Notes due 2025
Derivative [Line Items]
Notes, face amount \| $									$ 500,000,000
Derivative swap interest rate								1.40%	1.40%
Promissory note interest rate						1.40%	1.40%
Cross currency interest rate swaps \| 0.00% Notes due 2024
Derivative [Line Items]
Promissory note interest rate										2.29%
Cross currency interest rate swaps \| 0.25% Notes due 2027
Derivative [Line Items]
Promissory note interest rate								1.87%	1.87%	2.51%
Cross currency interest rate swaps \| 0.50% Notes due 2031
Derivative [Line Items]
Promissory note interest rate								2.20%	2.20%	2.76%
Cross currency interest rate swaps \| 1.375% Guaranteed Notes due 2026
Derivative [Line Items]
Promissory note interest rate								2.77%	2.77%
Cross currency interest rate swaps \| 2.00% Guaranteed Notes due 2032
Derivative [Line Items]
Promissory note interest rate								3.49%	3.49%
Cross currency interest rate swaps \| 1.40% Senior Notes due 2025
Derivative [Line Items]
Promissory note interest rate								1.73%	1.73%
Foreign exchange contracts
Derivative [Line Items]
Notional amount of interest rate swap \| $						$ 6,300,000,000	$ 5,400,000,000

Fixed Assets

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Fixed Assets

5. Fixed Assets

Fixed assets consist of the following:


(Stated in millions)

	Jun. 30,		Dec. 31,
	2024		2023
Property, plant & equipment	$	30,198	$	29,965
Less: Accumulated depreciation		22,863		22,725
	$	7,335	$	7,240

Depreciation expense relating to fixed assets was as follows:


(Stated in millions)

	2024		2023
Second Quarter	$	384	$	353
Six Months	$	761	$	700

Derivative Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

8. Derivative Instruments and Hedging Activities

SLB’s functional currency is primarily the US dollar. However, outside the United States, a significant portion of SLB’s expenses is incurred in foreign currencies. Therefore, when the US dollar weakens (strengthens) in relation to the foreign currencies of the countries in which SLB conducts business, the US dollar-reported expenses will increase (decrease).

Changes in foreign currency exchange rates expose SLB to risks on future cash flows relating to its fixed rate debt denominated in currencies other than the functional currency. SLB uses cross-currency interest rate swaps to provide a hedge against these risks. These contracts are accounted for as cash flow hedges, with the fair value of the derivative recorded on the Consolidated Balance Sheet and in Accumulated other comprehensive loss. Amounts recorded in Accumulated other comprehensive loss are reclassified into earnings in the same period or periods that the hedged item is recognized in earnings.

Details regarding SLB’s outstanding cross-currency interest rate swaps as of June 30, 2024, were as follows:

•

During 2019, a US-dollar functional currency subsidiary of SLB issued €1.5 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps in order to hedge changes in the US dollar value of its €0.5 billion 0.00% Notes due 2024, €0.5 billion 0.25% Notes due 2027 and €0.5 billion 0.50% Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.29%, 2.51% and 2.76%, respectively.

•

During 2020, a US-dollar functional currency subsidiary of SLB issued €0.8 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its €0.4 billion of 0.25% Notes due 2027 and €0.4 billion of 0.50% Notes due 2031. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 1.87% and 2.20%, respectively.

•

During 2020, a US-dollar functional currency subsidiary of SLB issued €2.0 billion of Euro-denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its €1.0 billion of 1.375% Guaranteed Notes due 2026 and €1.0 billion of 2.00% Guaranteed Notes due 2032. These cross-currency interest rate swaps effectively convert the Euro-denominated notes to US-dollar denominated debt with fixed annual interest rates of 2.77% and 3.49%, respectively.

•

During 2020, a Canadian dollar functional currency subsidiary of SLB issued $0.5 billion of US dollar denominated debt. SLB entered into cross-currency interest rate swaps to hedge changes in the US dollar value of its $0.5 billion 1.40% Senior Notes due 2025. These cross-currency interest rate swaps effectively convert the US dollar notes to Canadian dollar denominated debt with a fixed annual interest rate of 1.73%.

A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows:


	(Stated in millions)

	Jun. 30, 2024		Dec. 31, 2023
Accounts payable and accrued liabilities	$	17	$	-
Other Assets	$	12	$	36
Other Liabilities	$	158	$	67

The fair values were determined using a model with inputs that are observable in the market or can be derived or corroborated by observable data.

SLB has entered into derivative contracts that hedge the price of oil related to approximately 75% of the projected oil production for the third and fourth quarters of 2024, approximately 50% for the first quarter of 2025, and approximately 25% for the second quarter of 2025 for one of its Asset Performance Solutions ("APS") projects. These contracts are accounted for as cash flow hedges, with changes in the fair value of the hedge recorded in Accumulated other comprehensive loss. Amounts recorded in Accumulated other comprehensive loss are reclassified to earnings in the same period or periods that the hedged item is recognized in earnings.

SLB is exposed to risks on future cash flows to the extent that the local currency is not the functional currency and expenses denominated in local currency are not equal to revenues denominated in local currency. SLB uses foreign currency forward contracts to provide a hedge against a portion of these cash flow risks. These contracts are accounted for as cash flow hedges.

SLB is also exposed to changes in the fair value of assets and liabilities denominated in currencies other than the functional currency. While SLB uses foreign currency forward contracts to economically hedge this exposure as it relates to certain currencies, these contracts are not designated as hedges for accounting purposes. Instead, the fair value of the derivative is recorded on the Consolidated Balance Sheet and changes in the fair value are recognized in the Consolidated Statement of Income, as are changes in the fair value of the hedged item.

Foreign currency forward contracts were outstanding for the US dollar equivalent of $6.3 billion and $5.4 billion in various foreign currencies as of June 30, 2024 and December 31, 2023, respectively.

Other than the previously mentioned cross-currency interest rate swaps, the fair value of the other outstanding derivatives was not material as of June 30, 2024 and December 31, 2023.

The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows:


							(Stated in millions)

	Gain (Loss) Recognized in Income
	Second Quarter						Six Months
	2024			2023			2024			2023			Consolidated Statement of Income Classification
Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps	$	(52	)	$	38		$	(146	)	$	132		Cost of services/sales
Cross-currency interest rate swaps		(22	)		(22	)		(44	)		(44	)	Interest expense
Commodity contracts		(7	)		4			(10	)		7		Revenue
Foreign exchange contracts		2			4			2			7		Cost of services/sales
Foreign exchange contracts		(1	)		-			2			-		Revenue
	$	(80	)	$	24		$	(196	)	$	102
Derivatives not designated as hedges:
Foreign exchange contracts	$	18		$	(27	)	$	23		$	(26	)	Cost of services/sales

SLB issued a credit default swap ("CDS") to a third-party financial institution that has a notional amount outstanding, as of June 30, 2024, of $463 million. The CDS related to a secured borrowing provided by the financial institution to SLB's primary customer in Mexico. The secured borrowing was utilized by this customer to pay certain of SLB's outstanding receivables. The notional amount of the CDS reduces on a monthly basis over its remaining 20-month term. The fair value of this derivative liability was not material at June 30, 2024.

In July 2024, SLB issued a CDS to a different third-party financial institution for a notional amount of $550 million relating to a borrowing provided by the financial institution to SLB's primary customer in Mexico. This borrowing was utilized by the customer to pay certain of SLB's outstanding receivables. The notional amount of this CDS reduces on a monthly basis over its 24-month term.

Charges and Credits

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Charges and Credits

2. Charges and Credits

2024

Second quarter

During the second quarter of 2024 SLB started a program to realign and optimize its support and service delivery structure in certain parts of its organization. As a result SLB recorded a severance charge of $111 million which is classified in Restructuring in the Consolidated Statement of Income. This program is expected to result in additional charges in the third quarter of 2024.

In connection with SLB's October 2023 acquisition of Aker Solutions ("Aker") subsea business, SLB recorded $31 million of pretax charges during the second quarter of 2024 consisting of: $15 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $16 million of other merger and integration-related costs. $15 million of these costs are classified in Cost of Sales in the Consolidated Statement of Income, with the remaining $16 million classified in Merger & integration.

First quarter

In connection with SLB's acquisition of the Aker subsea business, SLB recorded $25 million of charges during the first quarter of 2024 consisting of: $14 million relating to the amortization of purchase accounting adjustments associated with the write-up of acquired inventories to its estimated fair value and $11 million of other merger and integration-related costs. $14 million of these costs are classified in Cost of Sales in the Consolidated Statement of Income with the remaining $11 million classified in Merger & integration.


	(Stated in millions)

					Noncontrolling
	Pretax Charge		Tax Benefit		Interests		Net
First quarter:
Merger & integration	$	25	$	6	$	5	$	14
Second quarter:
Workforce reductions		111		17		-		94
Merger & integration		31		5		8		18
	$	167	$	28	$	13	$	126

2023

On December 31, 2020, SLB contributed its onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating, and Permian frac sand business to Liberty Energy Inc. (“Liberty”) in exchange for an equity interest in Liberty. During the first quarter of 2023, SLB sold all of its remaining approximately 9 million shares of Liberty and received net proceeds of $137 million. As a result, SLB recognized a pretax gain of $36 million ($28 million after-tax), which is classified in Interest & other income in the Consolidated Statement of Income.

SLB did not record any charges or credits during the second quarter of 2023.

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets by Major Class

Intangible assets consist of the following:


	(Stated in millions)

	Jun. 30, 2024						Dec. 31, 2023
	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Book Value		Amortization		Value		Book Value		Amortization		Value
Customer relationships	$	1,887	$	754	$	1,133	$	1,887	$	709	$	1,178
Technology/technical know-how		1,622		821		801		1,516		770		746
Tradenames		795		282		513		795		265		530
Other		1,598		847		751		1,582		797		785
	$	5,902	$	2,704	$	3,198	$	5,780	$	2,541	$	3,239

Amortization Expense Charged to Income for Intangible Assets

Amortization expense charged to income was as follows:


(Stated in millions)

	2024		2023
Second Quarter	$	82	$	77
Six Months	$	163	$	153

Long-term Debt - Summary of Long-term Debt (Parenthetical) (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Debt instrument interest rate	3.90%	3.90%
Debt instrument maturity date	2028	2028
2.65% Senior Notes due 2030
Debt Instrument [Line Items]
Debt instrument interest rate	2.65%	2.65%
Debt instrument maturity date	2030	2030
1.375% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	1.375%	1.375%
Debt instrument maturity date	2026	2026
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Debt instrument interest rate	2.00%	2.00%
Debt instrument maturity date	2032	2032
0.25% Notes due 2027
Debt Instrument [Line Items]
Debt instrument interest rate	0.25%	0.25%
Debt instrument maturity date	2027	2027
0.50% Notes due 2031
Debt Instrument [Line Items]
Debt instrument interest rate	0.50%	0.50%
Debt instrument maturity date	2031	2031
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	4.30%	4.30%
Debt instrument maturity date	2029	2029
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Debt instrument interest rate	1.00%	1.00%
Debt instrument maturity date	2026	2026
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	4.00%	4.00%
Debt instrument maturity date	2025	2025
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument interest rate	1.40%	1.40%
Debt instrument maturity date	2025	2025
4.50% Senior Notes due 2028
Debt Instrument [Line Items]
Debt instrument interest rate	4.50%	4.50%
Debt instrument maturity date	2028	2028
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Debt instrument interest rate	4.85%	4.85%
Debt instrument maturity date	2033	2033
5.00% Senior Notes due 2027
Debt Instrument [Line Items]
Debt instrument interest rate	5.00%	5.00%
Debt instrument maturity date	2027	2027
5.00% Senior Notes due 2029
Debt Instrument [Line Items]
Debt instrument interest rate	5.00%	5.00%
Debt instrument maturity date	2029	2029
5.00% Senior Notes due 2034
Debt Instrument [Line Items]
Debt instrument interest rate	5.00%	5.00%
Debt instrument maturity date	2034	2034
7.00% Notes due 2038
Debt Instrument [Line Items]
Debt instrument interest rate	7.00%	7.00%
Debt instrument maturity date	2038	2038
5.95% Notes due 2041
Debt Instrument [Line Items]
Debt instrument interest rate	5.95%	5.95%
Debt instrument maturity date	2041	2041
5.13% Notes due 2043
Debt Instrument [Line Items]
Debt instrument interest rate	5.13%	5.13%
Debt instrument maturity date	2043	2043

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts on receivable	$ 318	$ 337

Inventories - Summary of Inventory (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials & field materials	$ 2,440	$ 2,296
Work in progress	821	762
Finished goods	1,243	1,329
Inventories	$ 4,504	$ 4,387

Long-term Debt - Additional Information (Detail) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, fair value	$ 11,300,000,000	$ 10,200,000,000
Committed credit facility agreement aggregated	5,000,000,000
Committed credit facility agreement, unused borrowing capacity	4,600,000,000
Short-term borrowings and current portion of long-term debt	1,033,000,000	1,123,000,000
Commercial paper programs mature in February 2027
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	2,000,000,000
Commercial paper programs mature in December 2028
Debt Instrument [Line Items]
Committed credit facility agreement aggregated	3,000,000,000
Commercial paper borrowings
Debt Instrument [Line Items]
Long-term debt		$ 0
Short-term borrowings and current portion of long-term debt	$ 374,000,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Segment Information - Additional Information (Detail) - USD ($) $ in Billions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting [Abstract]
Revenue in excess of billings	$ 0.4	$ 0.4
Total backlog	$ 5.1
Percentage of revenue expected to be recognized over next 12 months	60.00%
Billings and cash collections in excess of revenue	$ 2.0	$ 2.0

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Retained Earnings
Dividends declared, per share	$ 0.275	$ 0.25	$ 0.55	$ 0.5

Segment Information

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Information

10. Segment Information


				(Stated in millions)

	Second Quarter 2024						Second Quarter 2023
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	1,050		$	325		$	947		$	322
Reservoir Performance		1,819			376			1,643			306
Well Construction		3,411			742			3,362			731
Production Systems		3,025			473			2,313			278
Eliminations & other		(166	)		(62	)		(166	)		(56	)
					1,854						1,581
Corporate & other (1)					(191	)					(183	)
Interest income (2)					29						19
Interest expense (3)					(129	)					(124	)
Charges and credits (4)					(142	)					-
	$	9,139		$	1,421		$	8,099		$	1,293

(1)

Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

(2)

Interest income excludes amounts that are included in the segments’ income ($9 million in 2024; $- million in 2023).

(3)

Interest expense excludes amounts that are included in the segments’ income ($3 million in both 2024 and 2023).

(4)

See Note 2 – Charges and Credits.


				(Stated in millions)

	Six Months 2024						Six Months 2023
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	2,003		$	579		$	1,840		$	587
Reservoir Performance		3,544			715			3,146			548
Well Construction		6,779			1,432			6,623			1,403
Production Systems		5,843			873			4,520			483
Eliminations & other		(323	)		(97	)		(294	)		(49	)
					3,502						2,972
Corporate & other (1)					(382	)					(353	)
Interest income (2)					63						36
Interest expense (3)					(238	)					(237	)
Charges and credits (4)					(167	)					36
	$	17,846		$	2,778		$	15,835		$	2,454

(1)

(2)

Interest income excludes amounts that are included in the segments’ income ($13 million in 2024; $- million in 2023).

(3)

Interest expense excludes amounts that are included in the segments’ income ($7 million in both 2024 and 2023).

(4)

See Note 2 – Charges and Credits.

Revenue by geographic area was as follows:


					(Stated in millions)

	Second Quarter				Six Months
	2024		2023		2024		2023
North America	$	1,644	$	1,746	$	3,242	$	3,443
Latin America		1,742		1,624		3,395		3,242
Europe & Africa (1)		2,442		2,031		4,764		4,005
Middle East & Asia		3,268		2,642		6,348		5,035
Other		43		56		97		110
	$	9,139	$	8,099	$	17,846	$	15,835

(1)

Includes Russia and the Caspian region.

North America and International revenue disaggregated by segment was as follows:


							(Stated in millions)

	Second Quarter 2024
	North
	America			International			Other			Total
Digital & Integration	$	291		$	757		$	2		$	1,050
Reservoir Performance		134			1,684			1			1,819
Well Construction		592			2,768			51			3,411
Production Systems		640			2,378			7			3,025
Eliminations & other		(13	)		(135	)		(18	)		(166	)
	$	1,644		$	7,452		$	43		$	9,139


	Second Quarter 2023
	North
	America			International			Other			Total
Digital & Integration	$	234		$	712		$	1		$	947
Reservoir Performance		130			1,512			1			1,643
Well Construction		721			2,582			59			3,362
Production Systems		679			1,628			6			2,313
Eliminations & other		(18	)		(137	)		(11	)		(166	)
	$	1,746		$	6,297		$	56		$	8,099



	Six Months 2024
	North
	America			International			Other			Total
Digital & Integration	$	527		$	1,474		$	2		$	2,003
Reservoir Performance		264			3,276			4			3,544
Well Construction		1,196			5,475			108			6,779
Production Systems		1,286			4,543			14			5,843
Eliminations & other		(31	)		(261	)		(31	)		(323	)
	$	3,242		$	14,507		$	97		$	17,846


	Six Months 2023
	North
	America			International			Other			Total
Digital & Integration	$	485		$	1,354		$	1		$	1,840
Reservoir Performance		250			2,892			4			3,146
Well Construction		1,432			5,075			116			6,623
Production Systems		1,305			3,202			13			4,520
Eliminations & other		(29	)		(241	)		(24	)		(294	)
	$	3,443		$	12,282		$	110		$	15,835

Revenue in excess of billings related to contracts where revenue is recognized over time was $0.4 billion at both June 30, 2024 and December 31, 2023. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet.

Total backlog was $5.1 billion at June 30, 2024, of which approximately 60% is expected to be recognized as revenue over the next 12 months.

Billings and cash collections in excess of revenue was $2.0 billion at both June 30, 2024 and December 31, 2023. Such amounts are included within Accounts payable and accrued liabilities in the Consolidated Balance Sheet.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash	$ 2,953	$ 2,900
Short-term investments	1,050	1,089
Receivables less allowance for doubtful accounts (2024 - $318; 2023 - $337)	8,605	7,812
Inventories	4,504	4,387
Other current assets	1,405	1,530
Current assets total	18,517	17,718
Investments in Affiliated Companies	1,678	1,624
Fixed Assets less accumulated depreciation	7,335	7,240
Goodwill	14,530	14,084
Intangible Assets	3,198	3,239
Other Assets	4,115	4,052
Total Assets	49,373	47,957
Current Liabilities
Accounts payable and accrued liabilities	10,099	10,904
Estimated liability for taxes on income	867	994
Short-term borrowings and current portion of long-term debt	1,033	1,123
Dividends payable	410	374
Current Liabilities Total	12,409	13,395
Long-term Debt	12,156	10,842
Postretirement Benefits	175	175
Deferred Taxes	135	140
Other Liabilities	2,218	2,046
Total Liabilities	27,093	26,598
Equity
Common stock	11,401	11,624
Treasury stock	(973)	(678)
Retained earnings	14,890	13,497
Accumulated other comprehensive loss	(4,247)	(4,254)
SLB stockholders' equity	21,071	20,189
Noncontrolling interests	1,209	1,170
Total equity	22,280	21,359
Liabilities and stockholders equity	$ 49,373	$ 47,957

Intangible Assets - Schedule of Intangible Assets by Major Class (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,902	$ 5,780
Accumulated Amortization	2,704	2,541
Net Book Value	3,198	3,239
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,887	1,887
Accumulated Amortization	754	709
Net Book Value	1,133	1,178
Technology/Technical Know-How
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,622	1,516
Accumulated Amortization	821	770
Net Book Value	801	746
Tradenames
Finite Lived Intangible Assets [Line Items]
Gross Book Value	795	795
Accumulated Amortization	282	265
Net Book Value	513	530
Other
Finite Lived Intangible Assets [Line Items]
Gross Book Value	1,598	1,582
Accumulated Amortization	847	797
Net Book Value	$ 751	$ 785

Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

6. Intangible Assets

Intangible assets consist of the following:


	(Stated in millions)

	Jun. 30, 2024						Dec. 31, 2023
	Gross		Accumulated		Net Book		Gross		Accumulated		Net Book
	Book Value		Amortization		Value		Book Value		Amortization		Value
Customer relationships	$	1,887	$	754	$	1,133	$	1,887	$	709	$	1,178
Technology/technical know-how		1,622		821		801		1,516		770		746
Tradenames		795		282		513		795		265		530
Other		1,598		847		751		1,582		797		785
	$	5,902	$	2,704	$	3,198	$	5,780	$	2,541	$	3,239

Amortization expense charged to income was as follows:


(Stated in millions)

	2024		2023
Second Quarter	$	82	$	77
Six Months	$	163	$	153

Based on the carrying value of intangible assets at June 30, 2024, amortization expense for the subsequent five years is estimated to be: remaining two quarters of 2024—$167 million; 2025—$314 million; 2026—$305 million; 2027—$301 million; 2028—$292 million; and 2029—$279 million.

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	9. Contingencies SLB is party to various legal proceedings from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss with respect to any currently pending legal proceeding is remote. However, litigation is inherently uncertain, and it is not possible to predict the ultimate disposition of any of these proceedings.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References + Details

Earnings Per Share - Reconciliation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income Attributable to Schlumberger
Basic	$ 1,112	$ 1,033	$ 2,180	$ 1,967
Diluted	$ 1,112	$ 1,033	$ 2,180	$ 1,967
Average Shares Outstanding
Basic	1,428	1,423	1,429	1,425
Assumed exercise of stock options	1	2	1	2
Unvested restricted stock	14	17	15	17
Diluted	1,443	1,442	1,445	1,444
Earnings per Share
Basic	$ 0.78	$ 0.73	$ 1.53	$ 1.38
Diluted	$ 0.77	$ 0.72	$ 1.51	$ 1.36

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivatives Included in the Consolidated Balance Sheet

A summary of the amounts included in the Consolidated Balance Sheet relating to cross currency interest rate swaps was as follows:


	(Stated in millions)

	Jun. 30, 2024		Dec. 31, 2023
Accounts payable and accrued liabilities	$	17	$	-
Other Assets	$	12	$	36
Other Liabilities	$	158	$	67

Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income

The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income was as follows:


							(Stated in millions)

	Gain (Loss) Recognized in Income
	Second Quarter						Six Months
	2024			2023			2024			2023			Consolidated Statement of Income Classification
Derivatives designated as cash flow hedges:
Cross-currency interest rate swaps	$	(52	)	$	38		$	(146	)	$	132		Cost of services/sales
Cross-currency interest rate swaps		(22	)		(22	)		(44	)		(44	)	Interest expense
Commodity contracts		(7	)		4			(10	)		7		Revenue
Foreign exchange contracts		2			4			2			7		Cost of services/sales
Foreign exchange contracts		(1	)		-			2			-		Revenue
	$	(80	)	$	24		$	(196	)	$	102
Derivatives not designated as hedges:
Foreign exchange contracts	$	18		$	(27	)	$	23		$	(26	)	Cost of services/sales

Derivative Instruments and Hedging Activities - Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of Income (Detail) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives designated as hedges
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (80)	$ 24	$ (196)	$ 102
Derivatives designated as hedges \| Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (52)	$ 38	$ (146)	$ 132
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales
Derivatives designated as hedges \| Cross currency interest rate swaps
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (22)	$ (22)	$ (44)	$ (44)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest	Interest	Interest	Interest
Derivatives designated as hedges \| Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (7)	$ 4	$ (10)	$ 7
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	Total Revenue	Total Revenue	Total Revenue
Derivatives designated as hedges \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 2	$ 4	$ 2	$ 7
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales
Derivatives designated as hedges \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ (1)		$ 2
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Revenue	Total Revenue	Total Revenue	Total Revenue
Derivatives not designated as hedges \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) Recognized in Income	$ 18	$ (27)	$ 23	$ (26)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of services and sales	Cost of services and sales	Cost of services and sales	Cost of services and sales

Intangible Assets - Additional Information (Detail) $ in Millions	Jun. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense, remaining two quarters of 2024	$ 167
Estimated amortization expense, 2025	314
Estimated amortization expense, 2026	305
Estimated amortization expense, 2027	301
Estimated amortization expense, 2028	292
Estimated amortization expense, 2029	$ 279

Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


				(Stated in millions)

	Second Quarter 2024						Second Quarter 2023
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	1,050		$	325		$	947		$	322
Reservoir Performance		1,819			376			1,643			306
Well Construction		3,411			742			3,362			731
Production Systems		3,025			473			2,313			278
Eliminations & other		(166	)		(62	)		(166	)		(56	)
					1,854						1,581
Corporate & other (1)					(191	)					(183	)
Interest income (2)					29						19
Interest expense (3)					(129	)					(124	)
Charges and credits (4)					(142	)					-
	$	9,139		$	1,421		$	8,099		$	1,293

(1)

(2)

Interest income excludes amounts that are included in the segments’ income ($9 million in 2024; $- million in 2023).

(3)

Interest expense excludes amounts that are included in the segments’ income ($3 million in both 2024 and 2023).

(4)

See Note 2 – Charges and Credits.


				(Stated in millions)

	Six Months 2024						Six Months 2023
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	2,003		$	579		$	1,840		$	587
Reservoir Performance		3,544			715			3,146			548
Well Construction		6,779			1,432			6,623			1,403
Production Systems		5,843			873			4,520			483
Eliminations & other		(323	)		(97	)		(294	)		(49	)
					3,502						2,972
Corporate & other (1)					(382	)					(353	)
Interest income (2)					63						36
Interest expense (3)					(238	)					(237	)
Charges and credits (4)					(167	)					36
	$	17,846		$	2,778		$	15,835		$	2,454

(1)

(2)

Interest income excludes amounts that are included in the segments’ income ($13 million in 2024; $- million in 2023).

(3)

Interest expense excludes amounts that are included in the segments’ income ($7 million in both 2024 and 2023).

(4)

See Note 2 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area was as follows:


					(Stated in millions)

	Second Quarter				Six Months
	2024		2023		2024		2023
North America	$	1,644	$	1,746	$	3,242	$	3,443
Latin America		1,742		1,624		3,395		3,242
Europe & Africa (1)		2,442		2,031		4,764		4,005
Middle East & Asia		3,268		2,642		6,348		5,035
Other		43		56		97		110
	$	9,139	$	8,099	$	17,846	$	15,835

(1)

Includes Russia and the Caspian region.

Summary of North America and International Revenue Disaggregated by Segment

North America and International revenue disaggregated by segment was as follows:


							(Stated in millions)

	Second Quarter 2024
	North
	America			International			Other			Total
Digital & Integration	$	291		$	757		$	2		$	1,050
Reservoir Performance		134			1,684			1			1,819
Well Construction		592			2,768			51			3,411
Production Systems		640			2,378			7			3,025
Eliminations & other		(13	)		(135	)		(18	)		(166	)
	$	1,644		$	7,452		$	43		$	9,139


	Second Quarter 2023
	North
	America			International			Other			Total
Digital & Integration	$	234		$	712		$	1		$	947
Reservoir Performance		130			1,512			1			1,643
Well Construction		721			2,582			59			3,362
Production Systems		679			1,628			6			2,313
Eliminations & other		(18	)		(137	)		(11	)		(166	)
	$	1,746		$	6,297		$	56		$	8,099



	Six Months 2024
	North
	America			International			Other			Total
Digital & Integration	$	527		$	1,474		$	2		$	2,003
Reservoir Performance		264			3,276			4			3,544
Well Construction		1,196			5,475			108			6,779
Production Systems		1,286			4,543			14			5,843
Eliminations & other		(31	)		(261	)		(31	)		(323	)
	$	3,242		$	14,507		$	97		$	17,846


	Six Months 2023
	North
	America			International			Other			Total
Digital & Integration	$	485		$	1,354		$	1		$	1,840
Reservoir Performance		250			2,892			4			3,146
Well Construction		1,432			5,075			116			6,623
Production Systems		1,305			3,202			13			4,520
Eliminations & other		(29	)		(241	)		(24	)		(294	)
	$	3,443		$	12,282		$	110		$	15,835

Charges and Credits - Summary of Charges and Credits (Detail) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024
Charges And Credits [Line Items]
Charges and credits, Pretax Charge				$ 167,000,000
Charges and credits, Tax Benefit				28,000,000
Charges and credits, Noncontrolling Interests				13,000,000
Charges and credits, Net			$ 0	$ 126,000,000
Interest And Other \| Workforce reductions
Charges And Credits [Line Items]
Charges and credits, Pretax Charge	$ 111,000,000
Charges and credits, Tax Benefit	17,000,000
Charges and credits, Net	94,000,000
Interest And Other \| Merger & integration
Charges And Credits [Line Items]
Charges and credits, Pretax Charge	31,000,000	$ 25,000,000
Charges and credits, Tax Benefit	5,000,000	6,000,000
Charges and credits, Noncontrolling Interests	8,000,000	5,000,000
Charges and credits, Net	$ 18,000,000	$ 14,000,000

Fixed Assets - Summary of Fixed Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, plant & equipment	$ 30,198	$ 29,965
Less: Accumulated depreciation	22,863	22,725
Fixed assets less accumulated depreciation	$ 7,335	$ 7,240

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 02, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Revenue		$ 9,139	$ 8,099	$ 17,846	$ 15,835
ChampionX
Business Acquisition [Line Items]
Business acquisition, number of shares receivable for each share	0.735
Business acquisition, percentage of voting interests acquired	9.00%
Revenue						$ 3,800

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 30
-Subparagraph (a)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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-Subparagraph (b)
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-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Fixed Assets (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Summary of Fixed Assets

Fixed assets consist of the following:


(Stated in millions)

	Jun. 30,		Dec. 31,
	2024		2023
Property, plant & equipment	$	30,198	$	29,965
Less: Accumulated depreciation		22,863		22,725
	$	7,335	$	7,240

Summary of Depreciation Expense Relating to Fixed Assets

Depreciation expense relating to fixed assets was as follows:


(Stated in millions)

	2024		2023
Second Quarter	$	384	$	353
Six Months	$	761	$	700

Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Long-term Debt

Long-term Debt consists of the following:


(Stated in millions)

	Jun. 30,		Dec. 31,
	2024		2023
3.90% Senior Notes due 2028	$	1,473	$	1,469
2.65% Senior Notes due 2030		1,250		1,250
1.375% Guaranteed Notes due 2026		1,067		1,104
2.00% Guaranteed Notes due 2032		1,061		1,098
0.25% Notes due 2027		960		994
0.50% Notes due 2031		959		992
4.30% Senior Notes due 2029		847		847
1.00% Guaranteed Notes due 2026		640		662
4.00% Senior Notes due 2025		523		523
1.40% Senior Notes due 2025		499		499
4.50% Senior Notes due 2028		497		497
4.85% Senior Notes due 2033		497		497
5.00% Senior Notes due 2027		494		-
5.00% Senior Notes due 2029		492		-
5.00% Senior Notes due 2034		489		-
7.00% Notes due 2038		199		200
5.95% Notes due 2041		111		112
5.13% Notes due 2043		98		98
	$	12,156	$	10,842

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

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+ Details

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Cash flows from operating activities:

Net income

$ 2,243

$ 1,990

Adjustments to reconcile net income to net cash provided by operating activities:

Charges and credits

167

(36)

Depreciation and amortization

^[1]

1,231

1,124

Deferred taxes

(29)

118

Stock-based compensation expense

173

160

Earnings of equity method investments, less dividends received

(79)

Change in assets and liabilities:

Increase in receivables

^[2]

(755)

(614)

Increase in inventories

^[2]

(149)

(368)

Decrease in other current assets

^[2]

107

157

Increase in other assets

^[2]

(5)

(18)

Decrease in accounts payable and accrued liabilities

^[2]

(1,080)

(270)

Decrease in estimated liability for taxes on income

^[2]

(167)

(191)

Increase (decrease) in other liabilities

^[2]

(63)

Other

^[2]

(4)

NET CASH PROVIDED BY OPERATING ACTIVITIES

1,763

1,938

Cash flows from investing activities:

Capital expenditures

(862)

(881)

APS investments

(256)

(253)

Exploration data costs capitalized

(91)

(83)

Business acquisitions and investments, net of cash acquired

(505)

(262)

Proceeds from sale of Liberty shares

137

Sale (purchase) of short-term investments, net

(24)

Other

(164)

NET CASH USED IN INVESTING ACTIVITIES

(1,644)

(1,530)

Cash flows from financing activities:

Dividends paid

(751)

(605)

Proceeds from employee stock purchase plan

100

Proceeds from exercise of stock options

Taxes paid on net settled stock-based compensation awards

(78)

(144)

Stock repurchase program

(735)

(443)

Proceeds from issuance of long-term debt

1,849

992

Repayment of long-term debt

(426)

Net decrease in short-term borrowings

(19)

(48)

Other

(6)

NET CASH USED IN FINANCING ACTIVITIES

(46)

(121)

Net increase in cash before translation effect

287

Translation effect on cash

(20)

(12)

Cash, beginning of period

2,900

1,655

Cash, end of period

$ 2,953

$ 1,930

[1]	Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and Asset Performance Solutions ("APS") investments.
[2]	Net of the effect of business acquisitions.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,145	$ 1,047	$ 2,243	$ 1,990
Currency translation adjustments
Unrealized net change arising during the period	30	(43)	53	(77)
Cash flow hedges
Net (loss) gain on cash flow hedges	(26)	105	(43)	72
Reclassification to net income of net realized gain	6	(9)	5	(14)
Pension and other postretirement benefit plans
Amortization to net income of net actuarial gain	(1)	(2)	(1)	(4)
Amortization to net income of net prior service credit	(5)	(6)	(11)	(11)
Income taxes on pension and other postretirement benefit plans	2	2	3	3
Other	(4)		1
Comprehensive income	1,147	1,094	2,250	1,959
Comprehensive income attributable to noncontrolling interests	33	14	63	23
Comprehensive income attributable to SLB	$ 1,114	$ 1,080	$ 2,187	$ 1,936

Charges and Credits (Table)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Summary of Charges and Credits


	(Stated in millions)

					Noncontrolling
	Pretax Charge		Tax Benefit		Interests		Net
First quarter:
Merger & integration	$	25	$	6	$	5	$	14
Second quarter:
Workforce reductions		111		17		-		94
Merger & integration		31		5		8		18
	$	167	$	28	$	13	$	126

Long-term Debt

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Long-term Debt

7. Long-term Debt

Long-term Debt consists of the following:


(Stated in millions)

	Jun. 30,		Dec. 31,
	2024		2023
3.90% Senior Notes due 2028	$	1,473	$	1,469
2.65% Senior Notes due 2030		1,250		1,250
1.375% Guaranteed Notes due 2026		1,067		1,104
2.00% Guaranteed Notes due 2032		1,061		1,098
0.25% Notes due 2027		960		994
0.50% Notes due 2031		959		992
4.30% Senior Notes due 2029		847		847
1.00% Guaranteed Notes due 2026		640		662
4.00% Senior Notes due 2025		523		523
1.40% Senior Notes due 2025		499		499
4.50% Senior Notes due 2028		497		497
4.85% Senior Notes due 2033		497		497
5.00% Senior Notes due 2027		494		-
5.00% Senior Notes due 2029		492		-
5.00% Senior Notes due 2034		489		-
7.00% Notes due 2038		199		200
5.95% Notes due 2041		111		112
5.13% Notes due 2043		98		98
	$	12,156	$	10,842

The estimated fair value of SLB’s Long-term Debt, based on quoted market prices at June 30, 2024 and December 31, 2023, was $11.3 billion and $10.2 billion, respectively.

At June 30, 2024, SLB had committed credit facility agreements aggregating $5.0 billion with commercial banks, of which $4.6 billion was available and unused. These committed facilities, of which $2.0 billion matures in February 2027 and $3.0 billion matures in December 2028, support commercial paper programs in the United States and Europe. Borrowings under the commercial paper programs at June 30, 2024 were $374 million, all of which were classified in Short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheet. There were no borrowings under the commercial paper programs at December 31, 2023.

Schlumberger Limited fully and unconditionally guarantees the securities issued by certain of its subsidiaries, including securities issued by Schlumberger Investment S.A. and Schlumberger Finance Canada Ltd., both indirect wholly-owned subsidiaries of Schlumberger Limited.

CONSOLIDATED STATEMENT OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Total Revenue	$ 9,139	$ 8,099	$ 17,846	$ 15,835
Interest & other income	85	82	169	174
Expenses
Research & engineering	188	163	369	337
General & administrative	94	96	215	187
Restructuring	111		111
Merger & integration	16		27
Interest	132	127	245	244
Income before taxes	1,421	1,293	2,778	2,454
Tax expense	276	246	535	464
Net income	1,145	1,047	2,243	1,990
Net income attributable to noncontrolling interests	33	14	63	23
Net income attributable to SLB	$ 1,112	$ 1,033	$ 2,180	$ 1,967
Basic income per share of SLB	$ 0.78	$ 0.73	$ 1.53	$ 1.38
Diluted income per share of SLB	$ 0.77	$ 0.72	$ 1.51	$ 1.36
Average shares outstanding:
Basic	1,428	1,423	1,429	1,425
Assuming dilution	1,443	1,442	1,445	1,444
Services
Revenue
Total Revenue	$ 5,902	$ 5,563	$ 11,578	$ 10,897
Expenses
Cost of services and sales	4,523	4,288	8,939	8,417
Product
Revenue
Total Revenue	3,237	2,536	6,268	4,938
Expenses
Cost of services and sales	$ 2,739	$ 2,214	$ 5,331	$ 4,370

Segment Information - Revenue by Geographic Area (Detail) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2024

Jun. 30, 2023

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock Issued	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Balance at Dec. 31, 2022	$ 17,989	$ 11,837	$ (1,016)	$ 10,719	$ (3,855)	$ 304
Net income	1,990			1,967		23
Currency translation adjustments	(77)				(77)
Changes in fair value of cash flow hedges	58				58
Pension and other postretirement benefit plans	(12)				(12)
Shares sold to optionees, less shares exchanged	38	(31)	69
Vesting of restricted stock, net of taxes withheld	(144)	(573)	429
Employee stock purchase plan	86	(123)	209
Stock repurchase program	(443)		(443)
Stock-based compensation expense	160	160
Dividends declared	(712)			(712)
Dividends paid to noncontrolling interests	(2)					(2)
Other	3		2			1
Balance at Jun. 30, 2023	18,934	11,270	(750)	11,974	(3,886)	326
Balance at Mar. 31, 2023	18,380	11,264	(559)	11,296	(3,933)	312
Net income	1,047			1,033		14
Currency translation adjustments	(43)				(43)
Changes in fair value of cash flow hedges	96				96
Pension and other postretirement benefit plans	(6)				(6)
Shares sold to optionees, less shares exchanged	3	(3)	6
Vesting of restricted stock, net of taxes withheld	(56)	(70)	14
Stock repurchase program	(213)		(213)
Stock-based compensation expense	79	79
Dividends declared	(355)			(355)
Other	2		2
Balance at Jun. 30, 2023	18,934	11,270	(750)	11,974	(3,886)	326
Balance at Dec. 31, 2023	$ 21,359	$ 11,624	$ (678)	13,497	(4,254)	1,170
Balance, shares at Dec. 31, 2023	1,427	1,439
Treasury shares , Balance at Dec. 31, 2023			(12)
Net income	$ 2,243			2,180		63
Currency translation adjustments	53				53
Changes in fair value of cash flow hedges	(38)				(38)
Pension and other postretirement benefit plans	(9)				(9)
Shares sold to optionees, less shares exchanged	20	$ (9)	$ 29
Vesting of restricted stock, net of taxes withheld	$ (78)	(351)	$ 273
Shares sold to optionees, less shares exchanged, shares	1		1
Vesting of restricted stock, shares	5		5
Employee stock purchase plan	$ 100	(36)	$ 136
Shares issued under employee stock purchase plan, shares	2		2
Stock repurchase program	$ (735)		$ (735)
Stock repurchase program, shares	(15)		(15)
Stock-based compensation expense	$ 173	173
Dividends declared	(787)			(787)
Other	(21)		$ 2		1	(24)
Balance at Jun. 30, 2024	$ 22,280	$ 11,401	$ (973)	14,890	(4,247)	1,209
Balance, shares at Jun. 30, 2024	1,420	1,439
Treasury shares, Balance at Jun. 30, 2024			(19)
Balance at Mar. 31, 2024	$ 21,923	$ 11,344	$ (531)	14,172	(4,249)	1,187
Net income	1,145			1,112		33
Currency translation adjustments	30				30
Changes in fair value of cash flow hedges	(20)				(20)
Pension and other postretirement benefit plans	(4)				(4)
Shares sold to optionees, less shares exchanged	5	(3)	8
Vesting of restricted stock, net of taxes withheld	0	(13)	13
Stock repurchase program	(465)		(465)
Stock-based compensation expense	73	73
Dividends declared	(405)			(394)		(11)
Other	(2)		2		(4)
Balance at Jun. 30, 2024	$ 22,280	$ 11,401	$ (973)	$ 14,890	$ (4,247)	$ 1,209
Balance, shares at Jun. 30, 2024	1,420	1,439
Treasury shares, Balance at Jun. 30, 2024			(19)

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 12,156	$ 10,842
3.90% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,473	1,469
2.65% Senior Notes due 2030
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,250	1,250
1.375% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,067	1,104
2.00% Guaranteed Notes due 2032
Debt Instrument [Line Items]
Long-term debt, carrying amount	1,061	1,098
0.25% Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	960	994
0.50% Notes due 2031
Debt Instrument [Line Items]
Long-term debt, carrying amount	959	992
4.30% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt, carrying amount	847	847
1.00% Guaranteed Notes due 2026
Debt Instrument [Line Items]
Long-term debt, carrying amount	640	662
4.00% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	523	523
1.40% Senior Notes due 2025
Debt Instrument [Line Items]
Long-term debt, carrying amount	499	499
4.50% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt, carrying amount	497	497
4.85% Senior Notes due 2033
Debt Instrument [Line Items]
Long-term debt, carrying amount	497	497
5.00% Senior Notes due 2027
Debt Instrument [Line Items]
Long-term debt, carrying amount	494
5.00% Senior Notes due 2029
Debt Instrument [Line Items]
Long-term debt, carrying amount	492
5.00% Senior Notes due 2034
Debt Instrument [Line Items]
Long-term debt, carrying amount	489
7.00% Notes due 2038
Debt Instrument [Line Items]
Long-term debt, carrying amount	199	200
5.95% Notes due 2041
Debt Instrument [Line Items]
Long-term debt, carrying amount	111	112
5.13% Notes due 2043
Debt Instrument [Line Items]
Long-term debt, carrying amount	$ 98	$ 98