SLB Schlumberger Ltd

Regulatory News:

SLB (NYSE: SLB) 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, 2023 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2023 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 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 $108,245.15), such payments have been excluded (in line with the FCC). Payments made in currencies other than US 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, 2023 (USD in thousands)

                 

Morocco

               

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2 

 

Licenses and Fees

 

Production Entitlements

 

Bonuses 

 

Infrastructure Improvements 

 

Dividends 

 

Total3 

COMABAR (Barite)

 

2,410.8

 

0

 

0

 

64.7

 

0

 

0

 

2,294.7

 

4,770.2

2023 Total

 

2,410.8

 

0

 

0

 

64.7

 

0

 

0

 

2,294.7

 

$ 4,770.2

                 

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes 

 

Royalties2 

 

Licenses and Fees 

 

Production Entitlements 

 

Bonuses 

 

Infrastructure Improvements 

 

Dividends 

 

Total3 

General Tax Administration

 

2,410.8

 

0

 

0

 

64.7

 

0

 

0

 

0

 

2,475.5

Office National des Hydrocarbures et des Mines (ONHYM)

 

0

 

0

 

0

 

0

 

0

 

0

 

2,294.7

 

2,294.7

2023 Total

 

2,410.8

 

0

 

0

 

64.7

 

0

 

0

 

2,294.7

 

$4,770.2

                 

United Kingdom

               

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses and Fees

 

Production Entitlements 

 

Bonuses

 

Infrastructure Improvements

 

Dividends 

 

Total3 

Foss Mine (Barite)

 

30.4

 

68.8

 

3.8

 

0

 

0

 

0

 

0

 

103.0

Duntanlich (Barite)

 

94.1

 

21.6

 

16.0

 

0

 

0

 

0

 

0

 

131.7

2023 Total

 

124.5

 

90.4

 

19.8

 

0

 

0

 

0

 

0

 

$ 234.7

                 

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2 

 

Licenses and Fees 

 

Production Entitlements

 

Bonuses

 

Infrastructure Improvements 

 

Dividends 

 

Total3 

Forestry Commission of Scotland

 

0

 

90.4

 

0

 

0

 

0

 

0

 

0

 

90.4

Scottish Environment Protection Agency (SEPA)

 

0

 

0

 

18.1

 

0

 

0

 

0

 

0

 

18.1

HSE Mines Inspectorate

 

0

 

0

 

1.7

 

0

 

0

 

0

 

0

 

1.7

Scottish Police Authority

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0.0

HM Revenue and Customs

 

0.4

 

0

 

0

 

0

 

0

 

0

 

0

 

0.4

Revenue Scotland LBTT Refund Regs of Scotland Fees & Assignations for leases

 

0

 

0

 

0

 

0

 

0

 

0

 

0

 

0.0

Perth & Kinross Council

 

124.1

 

0

 

0

 

0

 

0

 

0

 

0

 

124.1

2023 Total

 

124.5

 

90.4

 

19.8

 

0

 

0

 

0

 

0

 

$ 234.7

United States

               

Project Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes 

 

Royalties2

 

Licenses and Fees

 

Production Entitlements2 

 

Bonuses 

 

Infrastructure Improvements

 

Dividends

 

Total3 

Big Bird (Barite)

 

0

 

0

 

19.3

 

0

 

0

 

0

 

0

 

19.3

Greystone Mine (Barite)

 

265.7

 

0

 

7.9

 

0

 

0

 

0

 

0

 

273.6

Mountain Springs (Barite)

 

348.3

 

0

 

10.9

 

0

 

0

 

0

 

0

 

359.2

2023 Total

 

614.0

 

0

 

38.1

 

0

 

0

 

0

 

0

 

$ 652.1

                 

Government Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

Royalties2

 

Licenses and Fees 

 

Production Entitlements2

 

Bonuses 

 

Infrastructure Improvements 

 

Dividends

 

Total 

Elko County

 

0

 

0

 

1.3

 

0

 

0

 

0

 

0

 

1.3

Lander County

 

63.2

 

0

 

1.3

 

0

 

0

 

0

 

0

 

64.5

State of Nevada

 

550.8

 

0

 

0

 

0

 

0

 

0

 

0

 

550.8

BLM

 

0

 

0

 

35.5

 

0

 

0

 

0

 

0

 

35.5

2023 Total

 

614.0

 

0

 

38.1

 

0

 

0

 

0

 

0

 

$652.1

Notes:

1. 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 = $1.0824 and of GBP 1 = $1.2439.
2. 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.
3. Totals do not add exactly due to rounding.

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

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Investors James R. McDonald – Senior Vice President of Investor Relations and Industry Affairs Joy V. Domingo – Director of Investor Relations Office +1 (713) 375-3535 investor-relations@slb.com

Media Moira Duff – Director of External Communications Office +1 (713) 375-3407 media@slb.com