Dividend Declaration

    Schlumberger Ld.

The Board of Directors of Schlumberger Limited (NYSE:SLB) has declared
a quarterly dividend of 18.75 cents per share on outstanding stock.
The dividend is payable Jan. 9, 2004 to stockholders of record on Dec.
17, 2003.

About Schlumberger

Schlumberger is a global oilfield and information services company
with major activity in the energy industry. The company employs 78,000
people of more than 140 nationalities working in 100 countries and
comprises three primary business segments. Schlumberger Oilfield
Services is the world's premier oilfield services company supplying a
wide range of technology services and solutions to the international
oil and gas industry. WesternGeco, jointly owned with Baker Hughes, is
the world's largest and most advanced surface seismic company.
SchlumbergerSema is a leading supplier of IT consulting, systems
integration, and network and infrastructure services to the energy
industry, as well as to the public sector, telecommunications and
finance markets. In 2002, Schlumberger revenue was $13.2 billion. For
more information, visit www.slb.com.