Schlumberger

Oil & Gas Equipment & Services

SLB

$ 52 (0.46)%

Share price

$ 75 bn

Market Cap

$ 85 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.46x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2022

Schlumberger aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

Schlumberger aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Schlumberger reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,369 Kt (-55 /-3.9% y-o-y). Also positively, carbon intensity declined to 60 t (-0.6 /-1% y-o-y).

Schlumberger's Scope 3 emissions declined to 27,375 Kt (-2,762 /-9.2% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2019, which translates into the estimated reduction of -100 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -991 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -2,935 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	1,369	27,375	22,929	60
2020Q4	1,424	30,137	23,601	60
2019Q4	1,386	1,368	32,917	42
2018Q4	1,422	1,185	32,815	43
2017Q4	1,358	911	30,440	45
2016Q4	1,136	876
2015Q4	1,400	1,057