Schlumberger’s Revenue by Region (2016-2021)

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This statistic highlights Schlumberger’s Revenue by Region, split across North America, Latin America, Middle East/Asia and Europe/CIS/Africa regions.
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This statistic highlights Schlumberger’s Revenue by Region, split across North America, Latin America, Middle East/Asia and Europe/CIS/Africa regions.

Revenue Breakdown by Region of Schlumberger Limited

Revenue by Region Q4 2020 Q3 2021 Q4 2021 Contribution in Q4 2021
North America $1.16 $1.12 $1.28 20.60%
Latin America $0.96 $1.16 $1.20 19.40%
Middle East/Asia $2.0 $2.03 $2.10 33.90%
Europe/CIS/Africa $1.36 $1.48 $1.58 25.50%
Eliminations and others $0.02 $0.04 $0.04 0.60%
Total $5.50 $5.83 $6.20 100%

(All figures in billions, except percentages)

The total revenue in Q4 2021 stood at $6.20 billion, a 6.3% rise over the revenue generated in the previous quarter which was $5.83 billion. It was up 12.73% from Q4 2020’s revenue of $5.50 billion. The revenue of the company comes from the following regions-North America, Europe-CIS-Africa, Latin America, Middle East-Asia, and Eliminations-others.

North America

Revenue from North America stood $1.28 billion in Q4 2021 forming a 20.60% share in the total revenue. This marks a growth of 14.28% from the previous quarter when the revenue from this region was $1.12 billion while it grew 10.34% from Q4 2020 when the company registered a revenue of $1.16 billion from this region.

Latin America

The company registered a revenue of $1.20 billion from Latin America in Q4 2021 which formed a 19.40% share in its total revenue. This region showed a rise of 3.44% in its revenue from Q3 2021 when the revenue was $1.16 billion and a rise of 25% from Q4 2020 when the revenue was $0.96 billion.

The Middle East and Asia

The revenue of the company from the Middle East and Asia formed a 33.90% share in its total revenue in Q4 2021, standing at $2.10 billion. It was up 3.44% from Q3 2021’s revenue from this region of $2.03 billion and up by 5% from Q4 2020’s revenue of $2.0 billion.

Europe CIS and Africa

The clients from this region generated $1.58 billion of revenue for the company forming a 25.50% share in the total revenue. The revenue from the region grew by 6.75% from the previous quarter’s revenue of $1.48 billion while it grew 16.17% from Q4 2020 when the revenue generated from this region was $1.36 billion.

Eliminations and Others

The company’s revenue from this region stood at $0.04 billion same as the revenue generated in Q3 2021 while witnessing a growth of 100% Y-o-Y over the revenue generated in Q4 2020 which was $0.02 billion. The revenue from this region contributed 0.60% of the total revenue in Q4 2021.

About the Company

Schlumberger Limited is a company that collaborates technology to make energy accessible to everyone throughout the planet. It was founded in 1926 and has corporate offices in Paris, Houston, London, and The Hague. The company caters to the national oil companies, large oil companies, and independent operators.

The company is divided into four divisions-Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. These divisions are based in five distinct basins spreading over a vast geographical area which includes- Americas Land, Offshore Atlantic, Middle East & North Africa, Asia, and Russia & Central Asia.

The company’s strategy is designed to adapt to an evolving industry landscape shaped by emerging drivers, including capital discipline, regionalization of supply and demand, efficiency imperative, and resilience—which will be defined by sustainability and a lower carbon footprint. This strategy will help to expand Schlumberger’s ability to enhance customer performance, which will be the differentiating factor that will help this industry meet higher stakeholder expectations. It is traded at the NYSE under the ticker symbol SLB.

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