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Schlumberger Governance
Alexander C. Juden8 February 2017
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Schlumberger at a Glance
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36 GeoMarkets in 5 Areas
90 Research, Engineering &
Manufacturing Centers
located in 15 countries
Approximately 100,000* People
Working in more than 85 Countries
Representing 140 Nationalities
Revenue: $ 27.8 billion Market Cap $~100 billion R&E: $ ~1 billion
2016 Financial Highlights
Deep Industry Knowledge Global CultureTechnology Solutions
DrillingCharacterization
Wireline
Testing Services
WesternGeco
Software Integrated Solutions
Drilling & Measurements
Geoservices
Bits & Advanced Technologies
Drilling Tools & Remedial
M-I SWACO
Production
Well Services
Completions
Artificial Lift
Well Intervention
Cameron
Drilling Solutions
Valves & Measurement
OneSubsea
Surface Systems
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How Does Public Policy Dialogue Fit With
Schlumberger’s Overall Strategy?
Communities
Governments (Local & National)
Employees (& families)
Customers
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Third Party—for Profit—
Advisors
Shareholders
Schlumberger
Lobbyists
Universities
Schlumberger Stakeholders
Suppliers
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Schlumberger Governance Impact Points – It is
Complicated
700 IT connected wellsite units
30 petaflops of computing power65,000 shipments per month
2,750 facilities
90 REM centers
68,000 suppliers
500,000 transactions/month
1.1 million operating
hrs/month
5.8 million feet
drilled/month
85 countries
100,000 women and men
140 nationalities6,500 customers
150,000 mobile assetsActive on 4,000 drilling rigs
1,200 workover rigs
Sch
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fid
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Not fo
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istr
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Defines the company’s
Purpose, Ambition,
Values and Mindset
Outlines the Company’s
expectations to ensure a
compliant and ethical
workplace
Uniform rules of conduct are essential to manage
our global population: 100,000+ employees from
140 nationalities operating in 85+ countries
Together these documents help employees to live
up to the superior standards that have made
Schlumberger the world’s leading oilfield
services company
Our Company’s Culture in Words
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Mindset Matters
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Behavior is a choice—in Quality, in HSE and
in Ethics…in all Governance
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Individual Conduct Measured
Driving Corporate Behavior: -- Individual Training—”What gets measured, gets done”
-- Annual Employee evaluations
Evolutionary process
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Service Attitude
Continuous Improvement
Self-Learning
Decision Making
Responsibility
Collaboration
Communication
Coaching and Mentoring
Diversity
Creativity
Initiative
Adaptability
Results Driven
Commitment Integrity
Drive Teamwork
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Governance Methodology in Schlumberger
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Correction
Continuous Improvement
Commitment, Leadership and Accountability
Policies and Objectives
Organization and Resources
Risk Management
Contractor and Supplier Management
Business Processes
Performance Monitoring and Improvement
Audits and Reviews
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January 2016—Schlumberger 10-K
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In 2009, the US Department of Justice began an investigation into past violations of US
sanctions regarding Schlumberger’s historical operations in Iran and Sudan that occurred
between 2004 and 2010. During the second quarter of 2014, Schlumberger increased its
accrual for this contingency. Accordingly, Schlumberger recorded a $205 million
charge, which was reflected within Loss from discontinued operations in the
Consolidated Statement of Income during the second quarter of 2014.
During 2015, Schlumberger resolved this investigation and a non-US subsidiary of
Schlumberger pleaded guilty to one criminal count of conspiracy to violate the
International Emergency Economic Powers Act. Under the terms of the plea agreement,
Schlumberger paid approximately $233 million in fines, penalties and assessments
during the second quarter of 2015, which had been previously accrued. This payment is
reflected within Cash flows used in discontinued operations – operating activities in
Schlumberger’s Consolidated Statement of Cash Flows.
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Conclusion
Governance is mandatory in all well-managed
entities
Governance is required for everything an
organization does
It is driven from the top
Individual conduct matters
No one is perfect. Continuous improvement is
essential
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Questions?
Consistent with our Values, our actions must follow
the highest standards of ethics, quality, personal integrity, and
compliance with all applicable laws.