Lobbying and Political Contributions

No Lobbying or Political Contributions

Schlumberger is politically neutral, and has a long standing policy (set forth in our Code of Conduct) against lobbying or making financial or in-kind contributions to political parties or candidates, even when permitted by law. Our policy prohibits the use of Company funds or assets for political purposes, including for contributions to any political party, candidate or committee, whether Federal, state or local. In addition, the Company does not lobby.

No Political Action Committees (“PACs”)

As a result of the Company's policy of political neutrality, Schlumberger does not maintain a political action committee (“PACs”), nor does it contribute to any third-party PACs or other political entities organized under Section 527 of the Internal Revenue Code.

Memberships in Trade and Industry Associations

Like other major companies, Schlumberger belongs to trade and industry associations in the United States to which Schlumberger pays annual dues. Schlumberger joins such associations when they add value to the Company, its stockholders and employees.

The Company's policy restricts such trade and industry associations from using Schlumberger funds to directly or indirectly engage in lobbying or political expenditures. To help ensure that these associations do not use any portion of the dues or other funds paid by Schlumberger for lobbying or political contributions, Schlumberger periodically informs them of our policy prohibiting any such use of Company funds.

Below is a list of U.S. trade and industry associations to which Schlumberger paid $50,000 or more in dues or expenditures in 2019:

Industry and Trade Organizations

• American Petroleum Institute
• National Ocean Industries Association
• Petroleum Equipment and Services Association
• Society of Petroleum Engineers