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

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

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

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

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

Year ended December 31, 2021 (USD in thousands)

Morocco

Project Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

COMABAR (Barite)

606.6

0

0

59.1

0

0

771.8

1,437.5

2021 Total

606.6

0

0

59.1

0

0

771.8

$ 1,437.5

Government Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

General Tax Administration

606.6

0

0

59.1

0

0

0

665.7

Office National des Hydrocarbures et des Mines (ONHYM)

0

0

0

0

0

0

771.8

771.8

2021 Total

606.6

0

0

59.1

0

0

771.8

$ 1,437.5

United Kingdom

Project Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Foss Mine (Barite)

26.2

105.0

3.8

0

0

0

0

135.0

Duntanlich (Barite)

8.3

13.7

5.8

0

0

0

0

27.8

2021 Total

34.5

118.7

9.6

0

0

0

0

$ 162.8

Government Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements

Bonuses

Infrastructure
Improvements

Dividends

Total3

Forestry Commission of Scotland

0

118.7

0

0

0

0

0

118.7

Scottish Environment Protection Agency (SEPA)

0

0

9.6

0

0

0

0

9.6

HSE Mines Inspectorate

0

0

0

0

0

0

0

0.0

Scottish Police Authority

0

0

0

0

0

0

0

0.0

HM Revenue and Customs

0.6

0

0

0

0

0

0

0.0

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

6.2

0

0

0

0

0

0

6.2

Perth & Kinross Council

28.3

0

0

0

0

0

0

28.3

2021 Total

34.5

118.7

9.6

0

0

0

0

$ 162.8

United States

Project Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements2

Bonuses

Infrastructure
Improvements

Dividends

Total3

Big Bird (Barite)

0

0

19.5

0

0

0

0

19.5

Greybull Mine (Bentonite)

775.5

39.0

3.3

127.4

0

0

0

945.2

Hixton Mine (Frac Sand)

304.6

0

42.3

0

0

0

0

346.9

Greystone Mine (Barite)

308.1

0

10.4

0

0

0

0

318.5

Mountain Springs (Barite)

38.1

0

12.9

0

0

0

0

51.0

2021 Total

1,426.3

39.0

88.4

127.4

0

0

0

$ 1,681.1

Government Report

Taxes

Royalties2

Licenses
and Fees

Production
Entitlements2

Bonuses

Infrastructure
Improvements

Dividends

Total

Mine Safety and Health Administration

0

0

0.3

0

0

0

0

0.3

Curran Township

304.6

0

42.3

0

0

0

0

346.9

Elko County

0

0

1.3

0

0

0

0

1.3

Lander County

230.9

0

1.1

0

0

0

0

232.0

State of Nevada

115.3

0

7.9

0

0

0

0

123.2

Air Quality Division of Wyoming

0

0

2.6

0

0

0

0

2.6

Big Horn County

672.0

0

0

0.5

0

0

0

672.5

Bureau of Land Management

0

0

32.5

126.8

0

0

0

159.3

Office of State Lands and Investments of Wyoming

0

39.0

0.3

0

0

0

0

39.3

State of Wyoming

102.8

0

0

0

0

0

0

102.8

Washakie County

0.7

0

0

0.1

0

0

0

0.8

US Department of Agriculture

0

0

0.1

0

0

0

0

0.1

2021 Total

1,426.3

39.0

88.3

127.4

0

0

0

$ 1,681.0

Notes:

  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 = $1.1827 and of GBP 1 = $1.3757.

  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 Schlumberger

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

Find out more at www.slb.com.

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

Contacts

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

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