What were Schlumberger's key financial results for the second quarter of 2012?

Schlumberger reported GAAP income from continuing operations attributable to Schlumberger of $1.38 billion, with diluted earnings per share from continuing operations of $1.03. Excluding charges and credits, the company reported income of $1.40 billion and diluted EPS of $1.05.

How did the Q2 2012 results compare to previous periods?

The Q2 2012 diluted EPS of $1.03 was an increase from $0.95 in the previous quarter and significantly higher than $0.81 reported in the second quarter of 2011. Excluding charges and credits, the Q2 2012 diluted EPS of $1.05 was also an improvement over Q1 2012 ($0.96) and Q2 2011 ($0.86).

What non-GAAP financial measures does Schlumberger provide, and why?

Schlumberger provides non-GAAP measures such as Net Debt (gross debt less cash and certain investments) and various earnings and return metrics excluding charges and credits. Management believes these measures offer useful insights into the company's indebtedness and allow for better evaluation of operational performance and trends by excluding items that might mask underlying business activity.

Where can investors find the detailed Q2 2012 results?

The detailed Q2 2012 results are available in the Press Release (Exhibit 99.1) and Supplemental Information (Exhibit 99.2) furnished with this 8-K filing. These documents were posted on Schlumberger's investor relations website (www.slb.com/ir) on July 20, 2012. It's important to note that, as per General Instructions B.2. of Form 8-K, this information is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

SLB 8-K: Earnings & Results & Regulation FD

Summary

Schlumberger N.V. (SLB) filed an 8-K on July 20, 2012, reporting its second-quarter 2012 financial results. The filing indicates a strong performance with GAAP income from continuing operations attributable to Schlumberger of $1.38 billion, translating to diluted EPS of $1.03. This represents a sequential increase from the previous quarter and a significant year-over-year improvement compared to $0.81 in Q2 2011. The company also provided non-GAAP measures, including Net Debt and adjusted earnings, which management uses for a clearer operational trend analysis. Key to investors, the results highlight SLB's ability to generate substantial profits and earnings growth in the second quarter of 2012. The supplemental information, though not deemed "filed" with the SEC for liability purposes, offers additional insights into the company's financial condition and operational performance. Investors should note the specific definitions and uses of the non-GAAP measures provided, as they aim to offer a more granular view of the company's underlying business performance.

Key Highlights

1Schlumberger reported strong Q2 2012 GAAP income from continuing operations of $1.38 billion.
2Diluted EPS from continuing operations was $1.03, up from $0.95 in Q1 2012 and $0.81 in Q2 2011.
3The company provided adjusted earnings figures (excluding charges and credits) to highlight operational trends.
4Non-GAAP Net Debt is defined as gross debt less cash, short-term investments, and fixed income investments held to maturity.
5The press release and supplemental information were posted on SLB's investor relations website on July 20, 2012.
6The filing incorporates by reference the Q2 2012 Results Press Release (Exhibit 99.1) and Supplemental Information (Exhibit 99.2).
7The Chief Accounting Officer, Howard Guild, signed the report.

SLB LIMITED/NV 8-K Report, Financial Results (Jul 20, 2012)

Summary

Key Highlights

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