SLB Limited · NYSE:SLB
SLB — Schlumberger — JP Morgan 2020 Energy, Power & Renewables Conference
10 slides from SLB's conference presentation, Jun 16, 2020
Slide 1: JP Morgan 2020 Energy, Power & Renewables Conference
New York, June 16, 2020 JP Morgan 2020 Energy, Power & Renewables Conference Olivier Le Peuch, CEO
Slide 2: Agenda
Agenda 1 2 3 4 Industry Outlook Digital Sustainability Schlumberger & Response Acceleration Commitment New Energy Q2
Slide 3: Cautionary Statement
Cautionary Statement This presentation contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticip
Slide 4: Historic Imbalance and Activity Decline
Historic Imbalance and Activity Decline Global Supply & Demand Activity Decline MMbpd Rig Count 110 100 -60% -20% Oil Supply 90 80 Oil Demand 70 Q2-18 Q4-18 Q2-19 Q4-19 Q2-20E Q1-20 Q2-20 Q1-20 Q2-20 North America International Source: IEA data with projections supplemented by EIA and Energy Aspects
Slide 5: Managing the Crisis
Managing the Crisis Adjusting Capital Spend and Cost Baseline Dividend Reduction -$2.1 B CAPEX, Asset Performance Solutions, and Multiclient Investments -$1.1 B Research & Engineering Spend -$0.2 B Annualized Structural Cost Savings -$1.5 B Q2
Slide 6: Digital in Our Operations
Digital in Our Operations Strategically Positioned Positioned to extract more value from digital technologies Discovery Development Construction Production 30% 84 60% Remote Work Acceleration Countries Serviced by Jobs using in past 3 months Remote Operations Remote Operations 25% Reduction of Opera
Slide 7: The Present is Digital
The Present is Digital Industry Industry Foundation Adoption Sub Workflows 3 Customer Enterprise Deployments AI enabled Surface 5 Cloud Companies cloud-based DELFI* 300% User Growth Over 12 months X Adaptors environment Digital Drilling 13 Customer Deployments Operations Standard for open data OSDU
Slide 8: Leading a Sustainable Future
Leading a Sustainable Future Our Commitment to Stewardship Addressing climate change and positively impacting both our own and our customers’ environmental footprint Schlumberger’s Target Reduce green house gas emissions from fuel and power 30% by 2025 Industry Impact 100 technologies impacting cust
Slide 9: Schlumberger New Energy
Schlumberger New Energy New Horizons of Growth Celsius EnergyTM Focused on low carbon and carbon Using geothermal energy sources to provide neutral energy technologies digitally controlled heating and cooling needs CO2 emissions reduction near 90% A Different Approach Technology ventures for deploym
Slide 10: Closing Remarks
Closing Remarks • Proactive measures taken will protect the balance sheet and deliver more resilient margins • Organizational restructure aligned to accelerate the realization of our performance strategy • Pace and scale of digital adoption is gaining momentum across our industry, improving operatio
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