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SLB — Schlumberger — Credit Suisse 21st Annual Energy Summit 2016

6 slides from SLB's conference presentation, Feb 23, 2016

  1. Slide 1: Patrick Schorn, President Operations, Credit Suisse 21st Annual Energy Summit

    Patrick Schorn President Operations Credit Suisse 21st Annual Energy Summit Vail, Colorado, February 23, 2016

  2. Slide 2: Safe Harbor

    Safe Harbor 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,” “predict,” “antic

  3. Slide 3: Further Downward Revisions to Customer Budgets

    Further Downward Revisions to Customer Budgets E&P Spending Surveys Capital Spending Budgets as of Dec-15 & Jan-16* updated after Q4-15 Earnings Calls** NAM INT TOTAL NAM INT TOTAL -12% -14% -19% -19% -22% -24% -23% -33% -37% 2015 2016 2016  E&P spending outlook revised down again  Continued activ

  4. Slide 4: Supply Additions Deferred while Spare Capacity Reduced

    Supply Additions Deferred while Spare Capacity Reduced Annual Oil Production Deferral* (MMb/d) OPEC Spare Capacity** (MMb/d) 2016 2017 2018 2019 2020 7 0.0 6 0.6 5 -1.2MMb/d 4 1.6 3 2 2.4 1 0 3.2 Jan- Jul- Jan- Jul- Jan- Jul- Jan- 13 13 14 14 15 15 16 4 * Based on a sample of 59 projects (convention

  5. Slide 5: Margin and Free Cash Flow Leadership through the Cycle

    Margin and Free Cash Flow Leadership through the Cycle Global Revenue (B$) Global Margins (%) Free Cash Flow* (B$) 50 25 7 6 40 20 5.0 5 30 15 4 3 20 10 2 1.1 10 5 1 0.8 0 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2008 2009 2010 2011 2012 2013 2014 2015 2008 2009 2010 2011 2012 2013 2014 2015 -1 -

  6. Slide 6: Summary

    Summary  E&P activity continues to weaken, more than previously indicated. We expect this environment to continue well into the second half of the year  Market returns to growth once production deficit becomes pronounced. Recovery in service activity will lag higher oil prices by some time  The l

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