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SCHLUMBERGER LIMITED

(SLB)
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Schlumberger : Announces Redemption of 100% of Outstanding 3.300% Senior Notes Due 2021

05/31/2021 | 05:08am EDT

HOUSTON - As part of its ongoing commitment to debt reduction, Schlumberger Limited ('Schlumberger') announced that Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger ('SISA'), will redeem notes with an outstanding aggregate principal amount of $664,776,000. This redemption is for the entire outstanding principal amount of SISA's 3.300% Senior Notes due 2021 (CUSIP Nos. 806854AB1 / L81445AB1; and ISIN Nos. US806854AB12 / USL81445AB10) (the 'Notes'). The redemption date for the Notes is June 28, 2021 (the 'Redemption Date').

The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on the Notes from the last interest payment date to, but excluding, the Redemption Date. On and after the Redemption Date, the Notes will cease to be outstanding and interest will cease to accrue on the Notes.

Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of the Notes.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release 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,' 'anticipate,' 'should,' 'could,' 'will,' 'see,' 'likely' and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing of the redemption of the Notes. Neither Schlumberger nor SISA can give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger's most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger's forward-looking statements. The forward-looking statements speak only as of the date of this press release, and Schlumberger and SISA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Contact:

Ndubuisi Maduemezia

Vice President of Investor Relations

Schlumberger Limited

Joy V. Domingo

Director of Investor Relations

Schlumberger Limited

Office: +1 (713) 375-3535

T: investor-relations@slb.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 22 998 M - -
Net income 2021 1 789 M - -
Net Debt 2021 12 030 M - -
P/E ratio 2021 22,8x
Yield 2021 1,74%
Capitalization 40 317 M 40 317 M -
EV / Sales 2021 2,28x
EV / Sales 2022 1,94x
Nbr of Employees 86 000
Free-Float 97,4%
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Number of Analysts 26
Last Close Price 28,83 $
Average target price 35,66 $
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Managers and Directors
Olivier Le Peuch Chief Executive Officer & Director
Stephane Biguet Chief Financial Officer & Executive Vice President
Mark G. Papa Non-Executive Chairman
Demosthenis Pafitis Chief Technology Officer
Henri Seydoux Fornier de Clausonne Independent Director
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