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This statistic highlights Schlumberger’s Revenue by Segment, split between Digital and Integration, Production, Reservoir Characterization and Well Construction segments, reported on a quarterly basis from Q1 2016 onwards.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Revenue contribution in Q3 2021|
|Digital and integration||–||$817.00||$812.00||14%|
|Eliminations & other||$(37.00)||$(91.00)||$(104.00)||(2)%|
(All figures are in millions, except percentages)
The overall revenue increased from $5,258 million in Q3 2020 to $5,847 million Q3 2021 roughly by 11.2% on a year-on-year basis. The revenue increased from $5,634 million in Q2 2021 to $5,847 million roughly by 3.78%.
Digital and Integration
It combines Schlumberger’s software and seismic business with Asset Performance Solution (APS) which develops or redevelops fields resulting in higher productivity and improving cashflows. The primary offering of this Segment includes:
Revenue from Digital and Integration fell from $817 million in Q2 2021 to $812 million in Q3 2021 roughly by 0.612%.
Production Group provides technologies in the production of oil and gas reservoirs such as Well intervention, water service, completions, well services, etc. The primary offering of this segment includes:
Revenue fell from $1,801 million in Q3 2020 to $1,674 million in Q3 2021 roughly by 7% on a Year-on-Year basis. The contribution by the Production segment fell from 34% in Q3 2020 to 28.6% in Q3 2021.
This segment provides reservoir-centric services that are needed to improve reservoir productivity and performance. It offers innovative technologies to evaluate, intervene and stimulate performance increasing their value. The primary offering of this Segment includes:
Revenue increased from $1,010 million in Q3 2020 to $1,192 in Q3 2021 roughly by 18.1% on a Year-on-Year basis. Contribution to the total revenue increased from 19.2% in Q3 2020 to 20.39% in Q3 2021.
Well Construction offers products and services relating to designing and construction of well to the operators and drilling rig manufacturers. The primary offering of this segment includes:
Revenue increased from $2,110 million in Q2 2021 to $2,273 million in Q3 2021 roughly by 7.7%. The contribution made by the segment to the overall revenue increased from 37.45% in Q2 2021 to 38.87% in Q3 2021.
About the company
Schlumberger is an oilfield service company with offices in Paris, Houston, London, and The Hague that employs over 140 nationalities and works in over 120 countries. Schlumberger provides technology to the oil and gas industry for drilling, production, and processing. Its technology services and solutions enable the customer to translate data into useful information which helps them make informed decisions resulting in higher efficiency and productivity.
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