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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information

15. Segment Information

Schlumberger is organized under four Divisions that combine and integrate Schlumberger’s technologies, enhancing the Company’s ability to 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 digital workflow solutions and seismic data interpretation and management 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, 2021, 2020 and 2019, by segment, is as follows:

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,290

 

 

$

1,141

 

 

$

3,134

 

 

$

446

 

 

$

516

 

Reservoir Performance

 

4,599

 

 

 

648

 

 

 

2,923

 

 

 

415

 

 

 

348

 

Well Construction

 

8,706

 

 

 

1,195

 

 

 

4,714

 

 

 

537

 

 

 

424

 

Production Systems

 

6,710

 

 

 

634

 

 

 

4,684

 

 

 

302

 

 

 

267

 

Eliminations & other

 

(376

)

 

 

(253

)

 

 

1,501

 

 

 

269

 

 

 

99

 

 

 

 

 

 

 

3,365

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

16,201

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

3,139

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,215

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(573

)

 

 

 

 

 

 

151

 

 

 

 

 

Interest income (2)

 

 

 

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(514

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

22,929

 

 

$

2,374

 

 

$

41,511

 

 

$

2,120

 

 

$

1,654

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,067

 

 

$

727

 

 

$

3,595

 

 

$

615

 

 

$

413

 

Reservoir Performance

 

5,602

 

 

 

353

 

 

 

3,489

 

 

 

549

 

 

 

384

 

Well Construction

 

8,614

 

 

 

870

 

 

 

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

 

 

(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 (2021: $2 million; 2020: $2 million; 2019: $8 million).

(3)

Interest expense excludes amounts which are included in the segments’ income (2021: $15 million; 2020: $28 million; 2019: $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, 2021, 2020 and 2019 is as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

North America

$

4,466

 

 

$

5,478

 

 

$

10,446

 

Latin America

 

4,459

 

 

 

3,472

 

 

 

4,544

 

Europe/CIS/Africa

 

5,778

 

 

 

5,963

 

 

 

7,682

 

Middle East & Asia

 

8,059

 

 

 

8,567

 

 

 

10,016

 

Eliminations & other

 

167

 

 

 

121

 

 

 

229

 

 

$

22,929

 

 

$

23,601

 

 

$

32,917

 

 

Revenue is based on the location where services are provided and products are sold.

During each of the three years ended December 31, 2021, 2020 and 2019, 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 2021, 2020 and 2019 was $3.4 billion, $4.5 billion and $9.3 billion, respectively.

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

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Digital & Integration

$

812

 

 

$

2,474

 

 

$

4

 

 

$

3,290

 

Reservoir Performance

 

329

 

 

 

4,266

 

 

 

4

 

 

 

4,599

 

Well Construction

 

1,485

 

 

 

7,025

 

 

 

196

 

 

 

8,706

 

Production Systems

 

1,832

 

 

 

4,865

 

 

 

13

 

 

 

6,710

 

Eliminations & other

 

8

 

 

 

(334

)

 

 

(50

)

 

 

(376

)

 

$

4,466

 

 

$

18,296

 

 

$

167

 

 

$

22,929

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Digital & Integration

$

573

 

 

$

2,487

 

 

$

7

 

 

$

3,067

 

Reservoir Performance

 

1,547

 

 

 

4,043

 

 

 

12

 

 

 

5,602

 

Well Construction

 

1,453

 

 

 

6,965

 

 

 

196

 

 

 

8,614

 

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

 

 

 

5,508

 

 

 

12

 

 

 

9,299

 

Well Construction

 

2,814

 

 

 

8,809

 

 

 

257

 

 

 

11,880

 

Production Systems

 

3,053

 

 

 

5,060

 

 

 

54

 

 

 

8,167

 

Eliminations & other

 

(65

)

 

 

(407

)

 

 

(102

)

 

 

(574

)

 

$

10,446

 

 

$

22,242

 

 

$

229

 

 

$

32,917

 

 

Fixed Assets less accumulated depreciation by geographic area are as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

North America

$

1,368

 

 

$

1,588

 

Latin America

 

868

 

 

 

841

 

Europe/CIS/Africa

 

1,690

 

 

 

1,840

 

Middle East & Asia

 

2,049

 

 

 

2,353

 

Unallocated

 

454

 

 

 

204

 

 

$

6,429

 

 

$

6,826