Item 7.01 Regulation FD Disclosure.
On September 8, 2020, Olivier Le Peuch, Chief Executive Officer of Schlumberger,
presented at the Barclays CEO Energy-Power Conference via virtual webcast, where
he provided an operational update. Slides in connection with the conference are
available on the Schlumberger Investor Relations website at
https://investorcenter.slb.com/investor-presentations.
Cautionary Statement Regarding Forward-Looking Statements
The presentation referred to above contains "forward-looking statements" within
the meaning of the federal securities laws - that is, statements that are not
historical facts. Such statements often contain words such as "expect," "may,"
"believe," "predict," "plan," "estimate," "intend," "anticipate," "think,"
"should," "could," "would," "will," "see," "likely," and other similar words.
Forward-looking statements address matters that are, to varying degrees,
uncertain, such as statements about Schlumberger's financial and performance
targets and other forecasts or expectations regarding, or dependent on,
Schlumberger's business outlook; the growth for Schlumberger as a whole and for
each of its divisions (and for specified business lines or geographic areas
within each division); oil and natural gas demand and production growth; oil and
natural gas prices; pricing; Schlumberger's response to, and preparedness for,
the COVID-19 outbreak and other widespread health emergencies; access to raw
materials; improvements in operating procedures and technology; capital
expenditures by Schlumberger and the oil and gas industry; the business
strategies of Schlumberger and those of its customers; Schlumberger's digital
strategy; Schlumberger's strategy to rationalize its North America portfolio;
the expected benefits or timing of any proposed transaction; Schlumberger's
restructuring efforts and charges recorded as a result of such efforts;
Schlumberger's Asset Performance Solutions projects, joint ventures and
alliances; future global economic and geopolitical conditions; and future
results of operations. These statements are subject to risks and uncertainties,
including, but not limited to, changing global economic conditions; changes in
exploration and production spending by Schlumberger's customers and changes in
the level of oil and natural gas exploration and development; the results of
operations and financial condition of Schlumberger's customers and suppliers,
particularly during extended periods of low prices for crude oil and natural
gas; Schlumberger's inability to achieve its financial and performance targets
and other forecasts and expectations; Schlumberger's inability to sufficiently
monetize assets; the extent of future charges; general economic, geopolitical
and business conditions in key regions of the world; foreign currency risk;
pricing pressure; weather and seasonal factors; unfavorable effects of health
pandemics; availability and cost of raw materials; operational modifications,
delays or cancellations; challenges in Schlumberger's supply chain; production
declines; Schlumberger's inability to recognize intended benefits from its
business strategies and initiatives, such as digital or new energy, as well as
its restructuring and structural cost reduction plans; changes in government
regulations and regulatory requirements, including those related to offshore oil
and gas exploration, radioactive sources, explosives, chemicals, hydraulic
fracturing services and climate-related initiatives; the inability of technology
to meet new challenges in exploration; the competitiveness of alternative energy
sources or product substitutes; and other risks and uncertainties detailed in
Schlumberger's most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to
the SEC. If one or more of these or other risks or uncertainties materialize (or
the consequences of any such development changes), or should our underlying
assumptions prove incorrect, actual outcomes may vary materially from those
reflected in our forward-looking statements. The forward-looking statements
speak only as of the date of the presentation, and Schlumberger disclaims any
intention or obligation to update publicly or revise such statements, whether as
a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses