What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report SLB's financial results for the second quarter of 2006 and to provide supplemental information, including details on the WesternGeco Transaction. It also informs investors about the use of non-GAAP financial measures.

What non-GAAP financial measures are being presented?

SLB is presenting several non-GAAP financial measures, including Net Debt (gross debt minus cash and certain investments), Income from continuing operations before credits and charges, diluted earnings per share before credits and charges, Return on Capital Employed (ROCE), and related metrics. These are presented to offer a clearer view of operational trends by excluding certain items.

Where can investors find the detailed financial information?

The detailed financial information, including the Second Quarter 2006 Press Release and Supplemental Information, was posted on the Schlumberger investor relations website (www.slb.com/ir) on July 21, 2006, and is filed as exhibits to this 8-K.

What is the significance of the WesternGeco Transaction mentioned?

The filing indicates that supplemental information regarding the WesternGeco Transaction is being provided. While the details are in the supplemental materials, this suggests the transaction is a significant event for SLB during the reporting period.

SLB 8-K: Earnings & Results

Summary

SLB Limited/NV (SLB) filed an 8-K on July 21, 2006, primarily to report its second-quarter 2006 financial results. The filing includes a press release and supplemental information detailing operational performance, alongside specific information related to the WesternGeco Transaction. Investors should note that SLB is presenting both GAAP and non-GAAP financial measures, with the latter aiming to provide clearer operational trends and performance indicators by excluding certain credits and charges.

Key Highlights

1SLB reported its Second Quarter 2006 financial results on July 21, 2006, via an 8-K filing.
2The filing includes a press release and supplemental information concerning Q2 2006 results.
3Specific supplemental information is also provided regarding the WesternGeco Transaction.
4SLB is providing non-GAAP financial measures to offer additional insights into operational performance.
5Key non-GAAP measures disclosed include Net Debt, Income/EPS before credits and charges, and Return on Capital Employed (ROCE).
6Management believes these non-GAAP measures offer a better view of period-over-period operations and underlying trends.
7The company emphasizes that non-GAAP measures should be considered alongside, not as a substitute for, GAAP financials.

SLB LIMITED/NV 8-K Report, Financial Results (Jul 21, 2006)

Summary

Key Highlights

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