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## Table 1: Total Annualized Returns for Core and the Leading S&P 500 Companies since September 1995 

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Source: Bloomberg, December 2013 

## Investor Update 

Core Laboratories enjoyed a banner year in 2013 and its most profitable year ever, posting four consecutive quarters of all-time highs for earnings per diluted share (EPS), net income, operating income, and revenue. The Company’s loyal investors, some of whom have owned shares since our initial public offering (IPO) in 1995, were rewarded as our share price increased over 74% for the year. Moreover, the insider ownership of Core Laboratories stock continues to be at a very high level for publicly traded oilfield service companies. Core’s executive and senior management and scientists and its Board of Supervisory Directors (Board) own over $100 million worth of Company shares. Accordingly, Core’s management is closely aligned 

with independent shareholders, and all management and investment decisions are made to maximize shareholder value. 

In 2013, Core observed its eighteenth anniversary as a publicly traded company, recording an annualized return of 25.9% from its 1995 split- and dividend-adjusted IPO share price of $2.82 (Figure 1). Over the eighteen-year period, only eight companies in the S&P 500 had annualized returns exceeding Core’s return according to Bloomberg Financial. Although Core is not in the S&P 500, Table 1 shows its performance compared with the S&P 500 companies having the leading returns over this time period. (Note that Core outperformed Apple Computer.) Core Lab closed 2013 with a share price of $190.95 and total returns over 76% for the year, clearly outperforming all major market indices. In comparison, the S&P 500 Index was up 32%, the S&P 500 Oil & Gas Equipment and Services Index was up almost 31%, and the Philadelphia Oilfield Services Index (OSX) was up almost 30% during 2013. More detail on the OSX appears later in this report. 

