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Business Description
Schlumberger Ltd. operates two businesses: Oilfield Services and SchlumbergerSema. Oilfield Services is a provider of exploration and production services, solutions and technology to the international petroleum industry. SchlumbergerSema is an information technology services company providing a combination of domain expertise and global capabilities delivered on a local basis. SchlumbergerSema's capabilities include consulting, systems integration, managed services and products serving the telecommunications, energy and utilities, finance, transport and public sector markets.

Financial Information
SLB is a provider of services, solutions and technology to the international petroleum industry. The Company also provides information technology solutions to the telecommunications, utility, finance, transport and public sectors. For the six months ended 6/02, revenues fell 2% to $6.77 billion. Net income totaled $368.5 million, up from $142.6 million. Results reflect the decrease in worldwide M-I rig count, offset by higher gross margins.