8-KOther Events

SLB LIMITED/NV 8-K Report (Jun 15, 2004)

Filed June 15, 2004For Securities:SLB

Summary

SLB Limited/NV (SLB) filed an 8-K on June 15, 2004, to disclose information presented at an investor event hosted on the same day. The event featured presentations from key management personnel, including Chairman and CEO Andrew Gould, outlining the company's business outlook, growth strategies, and financial expectations across its various segments: Oilfield Services, Schlumberger Information Solutions, and WesternGeco. The company detailed its expectations for revenue and earnings growth, technological advancements, geographic expansion, and the effective utilization of free cash. Specific emphasis was placed on the growth potential within the WesternGeco segment, particularly driven by its Q seismic technology. The presentations also touched upon the broader industry dynamics, including oil and natural gas demand, exploration and production spending by customers, and the strategic benefits of its GeoMarket organizational structure.

Key Highlights

  • 1SLB hosted an investor event on June 15, 2004, with presentations from senior management.
  • 2The event provided an update on the company's business outlook and financial performance expectations.
  • 3Key segments discussed included Oilfield Services, Schlumberger Information Solutions, and WesternGeco.
  • 4Forward-looking statements covered revenue, earnings, and sales growth across all segments.
  • 5Growth opportunities related to technology, geographic expansion, and new business models were highlighted.
  • 6Specific mention of growth in WesternGeco revenue driven by Q seismic technology.
  • 7The company reiterated its commitment to managing and utilizing free cash effectively.

Frequently Asked Questions

The primary purpose of this 8-K filing was to disclose material information presented at an investor event held on June 15, 2004. This included management presentations regarding the company's business outlook, financial expectations, and strategic initiatives.

SLB's management discussed key business segments including Oilfield Services, Schlumberger Information Solutions, and WesternGeco. They provided specific outlooks and growth expectations for each.

The forward-looking statements noted risks and uncertainties such as the global economic rebound, changes in customer spending on exploration and production, oil and natural gas exploration/development levels, seismic business cost savings, general economic and business conditions in key regions (Middle East, Caspian, Russia, China, Venezuela), political/economic uncertainty in specific countries, terrorism, and other factors detailed in previous SEC filings.

Copies of the presentations were attached as Exhibit 99.1 to the 8-K filing. Additionally, the information was posted on SLB's website at www.slb.com/ir, with a transcript of the Q&A session to follow later that day.