• Schlumberger average gross margin for 2023 was 19.49%, a 12.14% increase from 2022.
• Schlumberger average gross margin for 2022 was 17.38%, a 24.5% increase from 2021.
• Schlumberger average gross margin for 2021 was 13.96%, a 19.01% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.