The Board of Directors of Schlumberger Limited announced consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported income before taxes of $1,807 million, income from continuing operations of $1,371 million or $1.02 per diluted share, net income of $1,371 million and net income attributable to company of $1,362 million or $1.02 per diluted share on revenue of $11,174 million compared to income before taxes of $1,860 million, income from continuing operations of $1,403 million or $1.04 per diluted share, net income of $1,419 million and net income attributable to company of $1,414 million or $1.05 per diluted share on revenue of $10,301 million a year ago period. Net debt was $5.1 billion.

For the full year, the company reported income before taxes of $7,191 million, income from continuing operations of $5,468 million or $4.06 per diluted share, net income of $5,519 million and net income attributable to company of $5,490 million or $4.10 per diluted share on revenue of $42,149 million compared to income before taxes of $6,239 million, income from continuing operations of $4,730 million or $3.47 per diluted share, net income of $5,007 million and net income attributable to company of $4,997 million or $3.67 per diluted share on revenue of $36,959 million a year ago period. Capital expenditures were $4,695 million. Net Debt as at December 31, 2012 was $5,111 million compared to $4,850 million a year ago period.

The company approved a 13.6% increase in the quarterly dividend. The next quarterly dividend, which will increase to $0.3125 per share of outstanding common stock, is payable on April 12, 2013 to stockholders of record on February 20, 2013.

For the full year of 2013, the company expects capex to be approximately $3.9 billion as compared $4.7 billion the company spent in 2012.