Notice of 2019 Annual General Meeting of Stockholders

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Notice of 2019 Annual General Meeting of Stockholders Notice of 2019 Annual General Meeting of Stockholders April 3, 2019 10:00 a.m. Curaçao time Avila Beach Hotel, Penstraat 130, Willemstad, Curaçao ITEMS OF BUSINESS 1. Election of the 10 director nominees named in this proxy statement. 2. Approval of the advisory resolution regarding our executive compensation. 3. Report on the course of business during the year ended December 31, 2018; approval of our consolidated balance sheet as at December 31, 2018; our consolidated statement of income for the year ended December 31, 2018; and our Board of Directors’ declarations of dividends in 2018, as reflected in our 2018 Annual Report to Stockholders. 4. Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditors for 2019. 5. Approval of an amended and restated 2004 Stock and Deferral Plan for Non-Employee Directors. Such other matters as may properly be brought before the meeting. RECORD DATE February 13, 2019 PROXY VOTING Your vote is very important. Whether or not you plan to attend the annual general meeting in person, please (i) sign, date and promptly return the enclosed proxy card in the enclosed envelope, or (ii) grant a proxy and give voting instructions by telephone or internet, so that you may be represented at the meeting. Voting instructions are provided on your proxy card or on the voting instruction form provided by your broker. Brokers cannot vote for Items 1, 2 or 5 without your instructions. February 21, 2019 By order of the Board of Directors, Alexander C. Juden Secretary Important Notice Regarding the Availability of Proxy Materials for the Annual General Meeting of Stockholders to Be Held on April 3, 2019: This proxy statement, along with our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and our 2018 Annual Report to Stockholders, are available free of charge on our website at http://investorcenter.slb.com. Table of Contents General Information 5 Executive Compensation Tables and Accompanying Narrative 49 ITEM 1. Election of Directors 7 Nonqualified Deferred Compensation for Fiscal Year 2018 ����57 Pay Ratio of CEO to Median Employee ����������������������������������58 Potential Payments Upon Termination or Change in Corporate Governance 13 Control for Fiscal Year 2018 ����������������������������������������������������58 Policy Against Lobbying and Political Contributions �������������14 Our Commitment to Stewardship ��������������������������������������������14 Director Compensation in Fiscal Communication with Board �����������������������������������������������������15 Year 2018 62 Shareholder Engagement ���������������������������������������������������������15 Director Stock Ownership Guidelines �������������������������������������63 Corporate Governance Guidelines �������������������������������������������16 Equity Compensation Plan Information �����������������������������������64 Board Independence �����������������������������������������������������������������16 Board Tenure ���������������������������������������������������������������������������16 Director Nominations ���������������������������������������������������������������17 ITEM 3. Approval of Financial Board Adoption of Proxy Access ���������������������������������������������18 Statements and Dividends 65 Board Leadership Structure �����������������������������������������������������18 The Board’s Role in Risk Oversight ����������������������������������������19 Meetings of the Board of Directors and its Committees ����������20 ITEM 4. Ratification ofAppointment of Board Committees �������������������������������������������������������������������20 Independent Auditors for 2019 66 Director Attendance at 2018 Annual General Meeting ������������24 Policies and Procedures for Approval of Related Person Transactions �����������������������������������������������������������������������������24 Audit Committee Report 67 Code of Conduct ����������������������������������������������������������������������24 ITEM 5. Approval of the Amendment ITEM 2. Advisory Resolution to Approve and Restatement of the 2004 Our Executive Compensation 25 Stock and Deferral Plan for Non-Employee Directors 68 Compensation Discussion and Analysis 26 2018 — Executive Overview ���������������������������������������������������26 Stock Ownership Information 71 Stockholder Outreach; Changes to our Executive Compensation Program ������������������������������������������������������������26 Security Ownership by Management ����������������������������������������71 Overview of Compensation Decisions for 2018 ����������������������28 Our Executive Compensation Best Practices ���������������������������28 Other Information 73 Framework for Setting Executive Compensation in 2018 �������29 Elements of Total Direct Compensation; 2018 Decisions �������34 Other Aspects of our Executive Compensation Framework ����41 Appendix A A-1 Long-Term Equity Awards — Granting Process ������������������������46 Executive Stock Ownership Guidelines �����������������������������������46 Other Executive Benefits and Policies �������������������������������������47 Appendix B B-1 Impact of Tax Treatment ����������������������������������������������������������48 Compensation Committee Report ��������������������������������������������48 Proxy Summary General Information February 21, 2019 Items to be Voted on at the Annual General Meeting Board Agenda Item Recommendation Item 1 Election of the 10 director nominees named in this proxy statement. FOR Item 2 Approval of the advisory resolution regarding our executive compensation. FOR Approval of our consolidated balance sheet as at December 31, 2018, our consolidated statement of income for the Item 3 FOR year ended December 31, 2018, and the declarations of dividends by our Board in 2018. Item 4 Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditors for 2019. FOR Item 5 Approval of an amended and restated 2004 Stock and Deferral Plan for Non-Employee Directors. FOR General This proxy statement is furnished in connection with the solicitation government-issued identification bearing a photograph and, for by the Board of Directors (the “Board”) of Schlumberger Limited beneficial owners, proof of ownership as of the record date, such (Schlumberger N.V.) of proxies to be voted at its 2019 annual general as the Notice of Internet Availability, top half of the proxy card or meeting of stockholders, which will be held at the Avila Beach Hotel, voting instruction card that was sent to you with this proxy statement. Penstraat 130, Willemstad, Curaçao, on Wednesday, April 3, 2019 The mailing date of this proxy statement is February 21, 2019. beginning at 10:00 a.m., Curaçao time, and at any postponement(s) Business at the meeting will be conducted in accordance with the or adjournment(s) thereof. procedures determined by the Chairman of the meeting and will be In this Proxy Statement, we may also refer to Schlumberger Limited limited to matters properly brought before the meeting by or at the and its subsidiaries as “we,” “our,” “the Company” or “Schlumberger.” direction of our Board of Directors or by a stockholder. To be admitted to the meeting, stockholders of record and We are providing our 2018 Annual Report to Stockholders beneficial owners as of the close of business on the record date for concurrently with this proxy statement. You should refer to its the meeting, February 13, 2019, must present a passport or other contents in considering agenda Item 3. Proxy Materials are Available on the Internet This year we are using an SEC rule that allows us to use the Stockholders may follow the instructions in the Notice of Internet internet as the primary means of furnishing proxy materials to Availability to elect to receive future proxy materials in print by shareholders. We are sending a Notice of Internet Availability mail or electronically by email. We encourage stockholders to take of Proxy Materials (the “Notice of Internet Availability”) to our advantage of the availability of the proxy materials online to help stockholders with instructions on how to access the proxy materials reduce the environmental impact of our annual meetings. online or request a printed copy of the materials. Our proxy materials are also available at http://investorcenter. slb.com. Record Date; Proxies Each stockholder of record at the close of business on the record Shares cannot be voted at the meeting unless the owner of record date, February 13, 2019, is entitled to one vote for each director is present in person or is represented by proxy. Schlumberger is nominee and one vote for each of the other proposals to be voted on incorporated in Curaçao and, as required by Curaçao law, meetings with respect to each share registered in the stockholder’s name. A of stockholders are held in Curaçao. Because many stockholders stockholder of record is a person or entity who held shares on that cannot personally attend the meeting, it is necessary that a large date registered in its name on the records of Computershare Trust number be represented by proxy. Company, N.A. (“Computershare”), Schlumberger’s stock transfer agent. Persons who held shares on the record date through a broker, bank or other nominee are referred to as beneficial owners. Shares Outstanding On February 13, 2019, there were 1,385,972,615 shares of Schlumberger common stock outstanding and entitled to vote. Schlumberger Limited 2019 Proxy Statement 5 Quorum Holders of at least one-half of the outstanding
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