Schlumberger Limited reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of USD 8,179 million compared to USD 7,107 million a year ago. Loss before taxes was USD 2,210 million compared to USD 213 million a year ago. Net loss attributable to the company was USD 2,255 million compared to USD 204 million a year ago. Diluted loss per share was USD 1.63 compared to USD 0.15 a year ago. Pretax operating income was USD 1,155 million compared to USD 810 million a year ago. Net loss was USD 2,255 million compared to USD 204 million a year ago. GAAP Diluted loss per share was USD 1.63 compared to USD 0.15 a year ago. Cash flow from operations was USD 2.3 billion and included USD 108 million of severance payments. Free cash flow was USD 456 million and included USD 108 million of severance payments and the purchase of the Palliser Block asset.

For the full year, the company reported revenue of USD 30,440 million compared to USD 27,810 million a year ago. Loss before taxes was USD 1,183 million compared to USD 1,905 million a year ago. Net loss attributable to the company was USD 1,505 million compared to USD 1,687 million a year ago. Diluted loss per share was USD 1.08 compared to USD 1.24 a year ago. Pretax operating income was USD 3,921 million compared to USD 3,273 million a year ago. Net loss was USD 1,505 million compared to USD 1,687 million a year ago. GAAP Diluted loss per share was USD 1.08 compared to USD 1.24 a year ago. Cash flow from operations was USD 5,663 million compared to USD 6,261 million a year ago. Capital expenditures were USD 2,107 million compared to USD 2,055 million a year ago. Free cash flow was USD 1,671 million compared to USD 2,545 million a year ago. Net debt, end of period was USD 13,110 million compared to USD 10,121 million a year ago.

The company provided capex guidance for the year 2018. For the year, the company's capex (excluding multiclient and SPM investments) is expected to be approximately USD 2 billion, which is similar to the levels of 2017 and 2016.