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Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | 16. Segment Information During 2020, Schlumberger restructured its organization in order to prepare for a changing industry future. This new structure is aligned with customer workflows and is directly linked to Schlumberger’s corporate strategy, a key element of which is customer collaboration. The new organization consists of four Divisions that combine and integrate Schlumberger’s technologies, enhancing the portfolio of capabilities that support the emerging long-term growth opportunities in each of these market segments. The four Divisions, representing Schlumberger’s segments, are:
| • | Digital & Integration – Combines Schlumberger’s software and seismic businesses with its integrated offering of Asset Performance Solutions.
| • | Reservoir Performance – Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance.
| • | Well Construction – Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance.
| • | Production Systems – Develops technologies and provides expertise that enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries.
Financial information for the years ended December 31, 2020, 2019 and 2018, by segment, is as follows:
|  |  |  |  | (Stated in millions) |
| 2020 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income (Loss) |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Investments |
Digital & Integration | $ | 3,076 |  |  | $ | 731 |  |  | $ | 3,595 |  |  | $ | 615 |  |  | $ | 413 |
Reservoir Performance |  | 5,602 |  |  |  | 353 |  |  |  | 3,489 |  |  |  | 549 |  |  |  | 384 |
Well Construction |  | 8,605 |  |  |  | 866 |  |  |  | 4,768 |  |  |  | 580 |  |  |  | 420 |
Production Systems |  | 6,650 |  |  |  | 623 |  |  |  | 4,665 |  |  |  | 338 |  |  |  | 240 |
Eliminations & other |  | (332 | ) |  |  | (172 | ) |  |  | 940 |  |  |  | 276 |  |  |  | 63 |
|  |  |  |  |  | 2,401 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 16,436 |  |  |  |  |  |  |  |  |
Cash and short-term investments |  |  |  |  |  |  |  |  |  | 3,006 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 5,535 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (681 | ) |  |  |  |  |  |  | 208 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 31 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (534 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (12,515 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 23,601 |  |  | $ | (11,298 | ) |  | $ | 42,434 |  |  | $ | 2,566 |  |  | $ | 1,520 |
|  |  |  |  | (Stated in millions) |
| 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income (Loss) |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Investments |
Digital & Integration | $ | 4,145 |  |  | $ | 882 |  |  | $ | 6,388 |  |  | $ | 1,069 |  |  | $ | 1,020 |
Reservoir Performance |  | 9,299 |  |  |  | 992 |  |  |  | 5,198 |  |  |  | 807 |  |  |  | 569 |
Well Construction |  | 11,880 |  |  |  | 1,429 |  |  |  | 6,913 |  |  |  | 656 |  |  |  | 650 |
Production Systems |  | 8,167 |  |  |  | 847 |  |  |  | 5,625 |  |  |  | 390 |  |  |  | 384 |
Eliminations & other |  | (574 | ) |  |  | (172 | ) |  |  | 1,314 |  |  |  | 250 |  |  |  | 113 |
|  |  |  |  |  | 3,978 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 23,130 |  |  |  |  |  |  |  |  |
Cash and short-term investments |  |  |  |  |  |  |  |  |  | 2,167 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 5,577 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (957 | ) |  |  |  |  |  |  | 417 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 33 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (571 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (12,901 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 32,917 |  |  | $ | (10,418 | ) |  | $ | 56,312 |  |  | $ | 3,589 |  |  | $ | 2,736 |
|  |  |  |  | (Stated in millions) |
| 2018 |
|  |  |  |  |  |  |  |  |  |  |  |  | Depreciation |  |  |  |  |
|  |  |  |  | Income |  |  |  |  |  |  | and |  |  | Capital |
| Revenue |  |  | Before Taxes |  |  | Assets |  |  | Amortization |  |  | Investments |
Digital & Integration | $ | 3,820 |  |  | $ | 882 |  |  | $ | 6,784 |  |  | $ | 894 |  |  | $ | 1,091 |
Reservoir Performance |  | 10,050 |  |  |  | 1,169 |  |  |  | 7,396 |  |  |  | 850 |  |  |  | 899 |
Well Construction |  | 11,310 |  |  |  | 1,465 |  |  |  | 7,112 |  |  |  | 713 |  |  |  | 769 |
Production Systems |  | 8,168 |  |  |  | 843 |  |  |  | 5,632 |  |  |  | 423 |  |  |  | 343 |
Eliminations & other |  | (533 | ) |  |  | (172 | ) |  |  | 1,448 |  |  |  | 237 |  |  |  | 139 |
|  |  |  |  |  | 4,187 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and intangible assets |  |  |  |  |  |  |  |  |  | 33,658 |  |  |  |  |  |  |  |  |
Cash and short-term investments |  |  |  |  |  |  |  |  |  | 2,777 |  |  |  |  |  |  |  |  |
All other assets |  |  |  |  |  |  |  |  |  | 5,700 |  |  |  |  |  |  |  |  |
Corporate & other (1) |  |  |  |  |  | (937 | ) |  |  |  |  |  |  | 439 |  |  |  |  |
Interest income (2) |  |  |  |  |  | 52 |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense (3) |  |  |  |  |  | (537 | ) |  |  |  |  |  |  |  |  |  |  |  |
Charges & credits (4) |  |  |  |  |  | (141 | ) |  |  |  |  |  |  |  |  |  |  |  |
| $ | 32,815 |  |  | $ | 2,624 |  |  | $ | 70,507 |  |  | $ | 3,556 |  |  | $ | 3,241 |
(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 which are included in the segments’ income (2020: $2 million; 2019: $8 million; 2018: $8 million).
(3) | Interest expense excludes amounts which are included in the segments’ income (2020: $28 million; 2019: $38 million; 2018: $38 million).
(4) | See Note 3 – Charges and Credits.
Segment assets consist of receivables, inventories, fixed assets, multiclient seismic data and APS investments. Capital investments includes capital expenditures, APS investments and multiclient seismic data cost capitalized. Depreciation and amortization includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments. Revenue by geographic area for the years ended December 31, 2020, 2019 and 2018 is as follows:
(Stated in millions) |
| 2020 |  |  | 2019 |  |  | 2018 |
North America | $ | 5,478 |  |  | $ | 10,446 |  |  | $ | 11,730 |
Latin America |  | 3,472 |  |  |  | 4,544 |  |  |  | 4,013 |
Europe/CIS/Africa |  | 5,963 |  |  |  | 7,682 |  |  |  | 7,113 |
Middle East & Asia |  | 8,567 |  |  |  | 10,016 |  |  |  | 9,582 |
Eliminations & other |  | 121 |  |  |  | 229 |  |  |  | 377 |
| $ | 23,601 |  |  | $ | 32,917 |  |  | $ | 32,815 |
Revenue is based on the location where services are provided and products are sold. During each of the three years ended December 31, 2020, 2019 and 2018, no single customer exceeded 10% of consolidated revenue. Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2020, 2019 and 2018 was $4.5 billion, $9.3 billion and $10.1 billion, respectively. North America and International revenue disaggregated by segment was as follows:
(Stated in millions) |
| 2020 |
| North America |  |  | International |  |  | Eliminations & other |  |  | Total |
Digital & Integration | $ | 573 |  |  | $ | 2,496 |  |  | $ | 7 |  |  | $ | 3,076 |
Reservoir Performance |  | 1,547 |  |  |  | 4,043 |  |  |  | 12 |  |  |  | 5,602 |
Well Construction |  | 1,453 |  |  |  | 6,956 |  |  |  | 196 |  |  |  | 8,605 |
Production Systems |  | 1,921 |  |  |  | 4,702 |  |  |  | 27 |  |  |  | 6,650 |
Eliminations & other |  | (16 | ) |  |  | (195 | ) |  |  | (121 | ) |  |  | (332 | )
| $ | 5,478 |  |  | $ | 18,002 |  |  | $ | 121 |  |  | $ | 23,601 |
(Stated in millions) |
| 2019 |
| North America |  |  | International |  |  | Eliminations & other |  |  | Total |
Digital & Integration | $ | 865 |  |  | $ | 3,272 |  |  | $ | 8 |  |  | $ | 4,145 |
Reservoir Performance |  | 3,779 |  |  |  | 5,509 |  |  |  | 11 |  |  |  | 9,299 |
Well Construction |  | 2,814 |  |  |  | 8,809 |  |  |  | 257 |  |  |  | 11,880 |
Production Systems |  | 3,053 |  |  |  | 5,059 |  |  |  | 55 |  |  |  | 8,167 |
Eliminations & other |  | (65 | ) |  |  | (407 | ) |  |  | (102 | ) |  |  | (574 | )
| $ | 10,446 |  |  | $ | 22,242 |  |  | $ | 229 |  |  | $ | 32,917 |
(Stated in millions) |
| 2018 |
| North America |  |  | International |  |  | Eliminations & other |  |  | Total |
Digital & Integration | $ | 786 |  |  | $ | 2,894 |  |  | $ | 140 |  |  | $ | 3,820 |
Reservoir Performance |  | 4,975 |  |  |  | 5,066 |  |  |  | 9 |  |  |  | 10,050 |
Well Construction |  | 2,911 |  |  |  | 8,083 |  |  |  | 316 |  |  |  | 11,310 |
Production Systems |  | 3,139 |  |  |  | 4,966 |  |  |  | 63 |  |  |  | 8,168 |
Eliminations & other |  | (81 | ) |  |  | (301 | ) |  |  | (151 | ) |  |  | (533 | )
| $ | 11,730 |  |  | $ | 20,708 |  |  | $ | 377 |  |  | $ | 32,815 |
Fixed Assets less accumulated depreciation by geographic area are as follows:
(Stated in millions) |
| 2020 |  |  | 2019 |
North America | $ | 1,588 |  |  | $ | 3,326 |
Latin America |  | 841 |  |  |  | 912 |
Europe/CIS/Africa |  | 1,840 |  |  |  | 2,309 |
Middle East & Asia |  | 2,353 |  |  |  | 2,502 |
Unallocated |  | 204 |  |  |  | 221 |
| $ | 6,826 |  |  | $ | 9,270 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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