3. Earnings Per Share
The following is a reconciliation from basic earnings (loss) per share of Schlumberger to diluted earnings (loss) per share of Schlumberger:
(Stated in millions, except per share amounts) |
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2018 |
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2017 |
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Schlumberger Net Income |
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Average
Shares
Outstanding |
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Earnings per Share |
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Schlumberger Net Loss |
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Average
Shares
Outstanding |
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Loss per Share |
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Second Quarter |
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Basic |
$ |
430 |
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1,384 |
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$ |
0.31 |
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$ |
(74 |
) |
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|
1,387 |
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$ |
(0.05 |
) |
Assumed exercise of stock options |
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- |
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1 |
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- |
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- |
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Unvested restricted stock |
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- |
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7 |
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- |
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- |
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Diluted |
$ |
430 |
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|
1,392 |
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$ |
0.31 |
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$ |
(74 |
) |
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1,387 |
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$ |
(0.05 |
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2018 |
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2017 |
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|
Schlumberger Net Income |
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|
Average
Shares
Outstanding |
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|
Earnings per Share |
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Schlumberger Net Income |
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Average
Shares
Outstanding |
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Earnings per Share |
|
Six Months |
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Basic |
$ |
955 |
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$ |
1,385 |
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$ |
0.69 |
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$ |
205 |
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$ |
1,390 |
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$ |
0.15 |
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Assumed exercise of stock options |
|
- |
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1 |
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- |
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2 |
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Unvested restricted stock |
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- |
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7 |
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- |
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5 |
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Diluted |
$ |
955 |
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$ |
1,393 |
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$ |
0.69 |
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$ |
205 |
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$ |
1,397 |
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$ |
0.15 |
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The number of outstanding options to purchase shares of Schlumberger common stock that were not included in the computation of diluted earnings per share, because to do so would have had an antidilutive effect, was as follows:
(Stated in millions) |
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2018 |
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2017 |
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Second Quarter |
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38 |
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|
49 |
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Six Months |
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38 |
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|
29 |
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