Item 7.01 Regulation FD Disclosure.
On June 22, 2022, Olivier Le Peuch, Chief Executive Officer of Schlumberger,
presented at the J.P. Morgan Energy, Power & Renewables Conference in New York,
New York, where he discussed, among other things, Schlumberger's strategic focus
and outlook. 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, any statements that are
not historical facts. Such statements often contain words such as "expect,"
"may," "can," "believe," "predict," "plan," "potential," "projected,"
"projections," "forecast," "estimate," "intend," "anticipate," "ambition,"
"goal," "target," "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, its business outlook; growth for Schlumberger as a whole and for
each of its Divisions (and for specified business lines, geographic areas or
technologies within each Division); oil and natural gas demand and production
growth; oil and natural gas prices; forecasts or expectations regarding the
energy transition and global climate change; improvements in operating
procedures and technology, including decarbonization of oil and gas operations;
capital expenditures by Schlumberger and the oil and gas industry; the business
strategies of Schlumberger, including digital and "fit for basin," as well as
the strategies of Schlumberger's customers; Schlumberger's Asset Performance
Solutions projects, joint ventures, and other alliances; Schlumberger's response
to the COVID-19 pandemic, and preparedness for other widespread health
emergencies; the impact of the ongoing conflict in Ukraine on global energy
supply; access to raw materials; future global economic and geopolitical
conditions; future liquidity; and future results of operations, such as margin
levels. 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; Schlumberger's
inability to achieve its financial and performance targets and other forecasts
and expectations; Schlumberger's inability to achieve net-zero carbon emissions
goals or interim emissions reduction goals; general economic, geopolitical and
business conditions in key regions of the world; the ongoing conflict in
Ukraine; 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; the extent of future charges; Schlumberger's
inability to recognize efficiencies and other intended benefits from
Schlumberger's business strategies and initiatives, such as digital or new
energy, as well as its cost reduction strategies; changes in government
regulations and regulatory requirements, including those related to offshore oil
and gas exploration, chemicals 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 Schlumberger's underlying assumptions prove incorrect, actual results
or outcomes may vary materially from those reflected in the forward-looking
statements. Forward-looking and other statements in the presentation regarding
our environmental, social and other sustainability plans and goals are not an
indication that these statements are necessarily material to investors or
required to be disclosed in our filings with the SEC. In addition, historical,
current, and forward-looking environmental, social and sustainability-related
statements may be based on standards for measuring progress that are still
developing, internal controls and processes that continue to evolve, and
assumptions that are subject to change in the future. 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.
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