Segment Information

12 Months Ended

Dec. 31, 2013

Segment Information

17. Segment Information

Schlumberger’s segments are as follows:

— Reservoir Characterization Group – Consists of the principal technologies involved in finding and defining hydrocarbon resources. These include WesternGeco, Wireline, Testing Services, Schlumberger Information Services and PetroTechnical Services.

— Drilling Group – Consists of the principal technologies involved in the drilling and positioning of oil and gas wells and comprises Bits & Advanced Technologies, M-I SWACO, Geoservices, Drilling & Measurements, Drilling Tools & Remedial Services and Integrated Project Management well construction projects.

— Production Group – Consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services, Carbon Services and the Schlumberger Production Management field production projects.

The Groups are collectively referred to as “Oilfield Services.”

Financial information for the years ended December 31, 2013, 2012 and 2011, by segment, is as follows:

	(Stated in millions)
	2013
	Revenue			Income before taxes			Assets		Depreciation  and Amortization		Capital Expenditures
OILFIELD SERVICES
Reservoir Characterization	$	12,246		$	3,647		$	8,807	$	1,332	$	1,275
Drilling		17,317			3,309			11,069		1,088		1,291
Production		15,927			2,619			10,033		821		1,204
Eliminations & other		(224	)		(231	)		1,954		217		173
		45,266			9,344			31,863		3,458		3,943
Goodwill and intangible assets								19,415
All other assets								3,772
Corporate (1)					(726	)		12,050		208
Interest income (2)					22
Interest expense (3)					(369	)
Charges & credits (4)					420
	$	45,266		$	8,691		$	67,100	$	3,666	$	3,943

	(Stated in millions)
	2012
	Revenue			Income before taxes			Assets		Depreciation  and Amortization		Capital Expenditures
OILFIELD SERVICES
Reservoir Characterization	$	11,159		$	3,069		$	8,558	$	1,311	$	1,235
Drilling		15,892			2,789			10,989		1,086		1,668
Production		14,802			2,327			9,579		724		1,439
Eliminations & other		(122	)		(68	)		2,065		181		352
		41,731			8,117			31,191		3,302		4,694
Goodwill and intangible assets								19,387
Discontinued operations assets								246
All other assets								2,702
Corporate (1)					(696	)		8,021		198
Interest income (2)					30
Interest expense (3)					(331	)
Charges & credits (4)					(161	)
	$	41,731		$	6,959		$	61,547	$	3,500	$	4,694

	(Stated in millions)
	2011
	Revenue		Income before taxes			Assets		Depreciation and Amortization		Capital Expenditures
OILFIELD SERVICES
Reservoir Characterization	$	9,740	$	2,347		$	7,480	$	1,285	$	1,055
Drilling		13,775		2,218			9,055		982		1,419
Production		13,030		2,554			7,962		643		1,382
Eliminations & other		34		(35	)		1,958		162		148
		36,579		7,084			26,455		3,072		4,004
Goodwill and intangible assets							18,932
Discontinued operations assets							1,280
All other assets							2,201
Corporate (1)				(590	)		6,333		202
Interest income (2)				37
Interest expense (3)				(290	)
Charges & credits (4)				(223	)
	$	36,579	$	6,018		$	55,201	$	3,274	$	4,004

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, interest on postretirement medical benefits, stock-based compensation costs, amortization expense associated with certain intangible and other nonoperating items. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates.

⁽²⁾ Interest income excludes amounts which are included in the segments’ income (2013: $11 million; 2012: $- million; 2011: $3 million).

⁽³⁾ Interest expense excludes amounts which are included in the segments’ income (2013: $23 million; 2012: $8 million; 2011: $8 million).

⁽⁴⁾ See Note 3 – Charges and Credits.

Segment assets consist of receivables, inventories, fixed assets and multiclient seismic data.

Depreciation & Amortization includes multiclient seismic data costs.

Revenue by geographic areafor the years ended December 31, 2013, 2012 and 2011 is as follows:

	(Stated in millions)
	2013		2012		2011
North America	$	13,897	$	13,535	$	12,378
Latin America		7,751		7,554		6,467
Europe/CIS/Africa		12,366		11,444		9,676
Middle East & Asia		10,810		8,775		7,722
Eliminations & other		442		423		336
	$	45,266	$	41,731	$	36,579

Revenue is based on the location where services are provided.

During each of the three years ended December 31, 2013, 2012 and 2011, no single customer exceeded 10% of consolidated revenue.

Schlumberger did not have revenue from third-party customers in its country of domicile during the last three years. Revenue in the United States in 2013, 2012 and 2011 was $12.0 billion, $11.8 billion and $10.7 billion, respectively.

Fixed Assets less accumulated depreciation by geographic area are as follows:

	(Stated in millions)
	2013		2012		2011
North America	$	4,858	$	4,868	$	4,230
Latin America		1,889		1,788		1,472
Europe/CIS/Africa		3,452		3,414		3,341
Middle East & Asia		2,991		2,908		2,233
Unallocated (1)		1,906		1,802		1,717
	$	15,096	$	14,780	$	12,993

⁽¹⁾ Represents seismic vessels, including the related on-board equipment, which frequently transition between geographic areas.