Schlumberger

Oil & Gas Equipment & Services

SLB

$ 57 (0.61)%

Share price

$ 80 bn

Market Cap

$ 91 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.51x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

Schlumberger aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

Schlumberger aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Schlumberger reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,744 Kt (-207 /-10.6% y-o-y). Also positively, carbon intensity declined to 76 t (-6.6 /-8% y-o-y).

Schlumberger's Scope 3 emissions declined to 27,375 Kt (-2,762 /-9.2% y-o-y). The rate of decline has slowed compared to the trend since 4Q'19 (CAGR -14.9%).

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2019, which translates into the estimated reduction of -30 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -1,004 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	1,744	1,369		27,375	22,929	76
2020Q4	1,951	1,424	511	30,137	23,601	83
2019Q4	2,318	1,668	631	44,384	32,917	70
2018Q4	2,065	1,422	642	1,185	32,815	63
2017Q4	1,919	1,358	561	911
2016Q4	1,840	1,136	704	876
2015Q4	1,987	1,400	577	1,057