SLB Schlumberger Ltd

On September 1, 2020, Schlumberger Limited (“Schlumberger”) and Liberty Oilfield Services Inc. (“Liberty”) issued a joint press release announcing that certain of Schlumberger’s subsidiaries entered into an agreement with Liberty to sell its OneStim^® business in exchange for shares of Liberty’s Class A Common Stock and a promissory note (the “Canadian Buyer Note”), payable in the sole discretion of certain of Liberty’s affiliates, in either cash or shares of Liberty’s Class A Common Stock. Schlumberger and Liberty expect that the Canadian Buyer Note will be satisfied in shares of Liberty’s Class A Common Stock.

A copy of the joint press release is included with this Form 8-K as Exhibit 99 and incorporated into this Item 7.01 by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 (including Exhibit 99) will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor will it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding Forward-Looking Statements

This Form 8-K and Exhibit 99 attached hereto contain “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing for completion of the transaction. Schlumberger cannot give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in our most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this Form 8-K, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.