Notice of 2020 Annual General Meeting of Stockholders

Notice of 2020 Annual General Meeting of Stockholders April 1, 2020 10:00 a.m. Curaçao time Avila Beach Hotel, Penstraat 130, Willemstad, Curaçao ITEMS OF BUSINESS 1. Election of the nine 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, 2019; approval of our consolidated balance sheet as at December 31, 2019; our consolidated statement of income for the year ended December 31, 2019; and our Board of Directors’ declarations of dividends in 2019, as reflected in our 2019 Annual Report to Stockholders. 4. Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditors for 2020. Such other matters as may properly be brought before the meeting. RECORD DATE February 12, 2020 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 or 2 without your instructions. February 21, 2020 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 1, 2020: This proxy statement, along with our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and our 2019 Annual Report to Stockholders, are available free of charge on our website at http://investorcenter.slb.com. Table of Contents General Information 4 Executive Compensation Tables and Accompanying Narrative 49 ITEM 1. Election of Directors 6 2019 Summary Compensation Table ��49 Grants of Plan-Based Awards for Fiscal Year 2019 ��51 Outstanding Equity Awards at Fiscal Year-End 2019 ��52 Corporate Governance 12 Option Exercises and Stock Vested for Fiscal Year 2019 ��55 Pension Benefits for Fiscal Year 2019 ��56 Governance Framework — Highlights ��12 Nonqualified Deferred Compensation for Fiscal Year 2019 ��58 Prohibition on Hedging or Pledging of Schlumberger Stock ��12 Pay Ratio of CEO to Median Employee ��59 Policy Against Lobbying and Political Contributions ��12 Potential Payments Upon Termination or Change in Communication with Board ��13 Control for Fiscal Year 2019 ��60 Stockholder Engagement ��13 Corporate Governance Guidelines ��13 Board Independence ��13 Director Compensation in Fiscal Year 2019 64 Board Tenure ��14 Director Stock Ownership Guidelines ��65 Director Nominations ��14 Board Adoption of Proxy Access ��16 Board Leadership Structure ��16 Equity Compensation Plan Information 66 The Board’s Role in Risk Oversight ��16 Meetings of the Board and Committees; Director Attendance ��17 ITEM 3. Approval of Financial Statements and Board Responsibilities and Committees ��18 Code of Conduct ��20 Dividends 67 Policies and Procedures for Approval of Related Person Transactions ��21 ITEM 4. Ratification of Appointment of Independent Auditors Our Commitment to Stewardship 22 for 2020 68 Protecting the Environment and Addressing Climate Change ��22 A Continued Focus on People ��23 Audit Committee Report 69 ITEM 2. Advisory Resolution to Approve Our Executive Compensation 24 Stock Ownership Information 70 Security Ownership by Certain Beneficial Owners ��70 Compensation Discussion and Analysis 25 Security Ownership by Management ��70 Delinquent Section 16(a) Reports ��71 2019 — Executive Overview ��25 Overview of Compensation Decisions for 2019 ��26 Stockholder Engagement; 2019 Say-On-Pay Vote ��26 Other Information 72 Our Executive Compensation Best Practices ��28 Framework for Setting Executive Compensation in 2019 ��29 Appendix A A-1 Elements of Total Direct Compensation; 2019 Decisions ��33 Other Aspects of Our Executive Compensation Framework ��43 Long-Term Equity Awards — Granting Process ��46 Executive Stock Ownership Guidelines ��46 Other Executive Benefits and Policies ��47 Impact of Tax Treatment ��48 Compensation Committee Report ��48 Schlumberger Limited 2020 Proxy Statement 3 General Information February 21, 2020 Items to be Voted on at the Annual General Meeting Board Agenda Item Recommendation Item 1 Election of the nine 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, 2019, our consolidated statement of income for Item 3 FOR the year ended December 31, 2019, and the declarations of dividends by our Board in 2019. Item 4 Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditors for 2020. FOR General This proxy statement is furnished in connection with the solicitation by the ownership as of the record date, such as the Notice of Internet Availability, Board of Directors (the “Board”) of Schlumberger Limited (Schlumberger top half of the proxy card or voting instruction card that was sent to you N.V.) of proxies to be voted at its 2020 annual general meeting of with this proxy statement. stockholders, which will be held at the Avila Beach Hotel, Penstraat 130, The mailing date of this proxy statement is February 21, 2020. Business Willemstad, Curaçao, on Wednesday, April 1, 2020 beginning at 10:00 a.m., at the meeting will be conducted in accordance with the procedures Curaçao time, and at any postponement(s) or adjournment(s) thereof. determined by the Chairman of the meeting and will be limited to matters In this Proxy Statement, we may also refer to Schlumberger Limited and properly brought before the meeting by or at the direction of our Board or its subsidiaries as “we,” “our,” “the Company” or “Schlumberger.” by a stockholder. To be admitted to the meeting, stockholders of record and beneficial We are providing our 2019 Annual Report to Stockholders concurrently owners as of the close of business on the record date for the meeting, with this proxy statement. You should refer to its contents in considering February 12, 2020, must present a passport or other government-issued agenda Item 3. identification bearing a photograph and, for beneficial owners, proof of Proxy Materials are Available on the Internet This year we are using an SEC rule that allows us to use the internet as Stockholders may follow the instructions in the Notice of Internet the primary means of furnishing proxy materials to stockholders. We are Availability to elect to receive future proxy materials in print by mail or sending a Notice of Internet Availability of Proxy Materials (the “Notice of electronically by email. We encourage stockholders to take advantage of the Internet Availability”) to our stockholders with instructions on how to access availability of the proxy materials online to help reduce the environmental the proxy materials online or request a printed copy of the materials. impact of our annual general meetings. 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 date, Shares cannot be voted at the meeting unless the owner of record is February 12, 2020, is entitled to one vote for each director nominee and present in person or is represented by proxy. Schlumberger is incorporated one vote for each of the other proposals to be voted on with respect to in Curaçao and, as required by Curaçao law, meetings of stockholders are each share registered in the stockholder’s name. A stockholder

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