TIDMSCL

The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.275 per share of outstanding common stock. The dividend is payable on July 13, 2012 to stockholders of record at the close of business on June 1, 2012.

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 113,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $39.54 billion in 2011. For more information, visit www.slb.com.

SchlumbergerMalcolm Theobald, + 1 (713) 375-3535Vice President of Investor RelationsorJoy V. Domingo, + 1 (713) 375-3535Manager of Investor Relationsinvestor-relations@slb.com
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