HOUSTON (February 9, 2009)--The chairman and chief executive of Schlumberger, Ltd. received compensation of $13.7 million for 2008, which is down 14 percent for a year in which the Houston-based oilfield services provider's profit surged before falling along with crude prices.

The total compensation figure for Andrew Gould, 62, was down from the $15.9 million he got in 2007.

The biggest change was the difference in Gould's performance-based bonus, which fell by $2.6 million last year.

The details are in Schlumberger's filing Friday with the Securities and Exchange Commission.

Like a lot of executives, the bulk of Gould's package came in stock options and awards.

The Associated Press calculations of total pay include an executive's salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals the companies list in the summary compensation table of proxy statements filed with the SEC.

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