BW20030421002002  20030422T060028Z UTC


( BW)(SCHLUMBERGER-LD.)(SCL) Schlumberger Declares Quarterly Dividend

    Business Editors
    UK REGULATORY NEWS

    NEW YORK--(BUSINESS WIRE)--April 22, 2003--
                              
The Board of Directors of Schlumberger Limited has declared a
quarterly dividend of 18.75 cents per share on outstanding stock. The
dividend is payable July 3, 2003 to stockholders of record on June 4,
2003.

About Schlumberger

Schlumberger Limited is an international technology services company
with employees of more than 140 nationalities and operations in 100
countries. The company consists of two business segments: Schlumberger
Oilfield Services is the world's largest oilfield services company and
the leading supplier of technology services and solutions to the
international petroleum industry; SchlumbergerSema is an IT services
company providing consulting, systems integration, managed services,
networking and infrastructure solutions to the global energy (oil and
gas, utilities), public sector, telecommunications and finance
markets. In 2002, Schlumberger revenue was $13.5 billion. For more
information visit www.slb.com.

   Short Name: Schlumberger Ld
   Category Code: DIV
   Sequence Number: 00004140
   Time of Receipt (offset from UTC): 20030417T230153+0100

    --30--DB/ny
    
    CONTACT: Schlumberger Ld.
             Christian Lange, +1 212 350 9432
             lange@new-york.sl.slb.com
        
    KEYWORD: NEW YORK UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: ENERGY OIL/GAS DIVIDEND
    SOURCE: Schlumberger Ld.

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