Schlumberger Earnings Reports

SLB announced strong Q4 2024 results, with revenue increasing 3% year-on-year to $9.28 billion and EPS, excluding charges and credits, increasing 7% year-on-year to $0.92. The company's performance was driven by digital sales in North America and higher activity in the Middle East, Europe and North Africa.

SLB announced strong third-quarter results with revenue of $9.16 billion, a 10% increase year-on-year. GAAP EPS was $0.83, up 6% year-on-year, and adjusted EBITDA was $2.34 billion, a 13% increase year-on-year. The company highlighted its focus on cost optimization and digital solutions contributing to the positive results.

SLB announced strong Q2 2024 results, with revenue increasing by 13% year-on-year to $9.14 billion and GAAP EPS rising by 7% to $0.77. The company benefited from broad-based international revenue growth and margin expansion across all divisions, with a focus on digital business acceleration and key resilient markets.

SLB announced strong first-quarter results with revenue increasing by 13% year-on-year to $8.71 billion. The company's EPS, excluding charges and credits, rose by 19% to $0.75, and net income attributable to SLB increased by 14% to $1.07 billion. The company is targeting to return $7 billion to shareholders over 2024-2025.

SLB announced strong Q4 2023 results, with revenue reaching $8.99 billion, a 14% increase year-on-year. GAAP EPS was $0.77, and EPS excluding charges and credits was $0.86. The company's free cash flow was $2.28 billion, and the board approved a 10% increase in the quarterly dividend.

SLB announced strong Q3 2023 results, with revenue increasing by 11% year-on-year to $8.31 billion and GAAP EPS increasing by 24% year-on-year to $0.78. The company's performance was driven by sustained growth in international markets and a focus on the quality of revenue, leading to an adjusted EBITDA margin of 25%.

SLB announced strong second-quarter results with revenue of $8.10 billion, a 20% increase year-on-year. GAAP EPS was $0.72, up 7% year-on-year, and EPS excluding charges and credits was $0.72, a 44% increase year-on-year. Net income attributable to SLB was $1.03 billion, up 8% year-on-year.

SLB's first quarter 2023 results showed strong growth, with revenue increasing by 30% year-on-year to $7.7 billion and GAAP EPS increasing by 81% to $0.65. The company experienced growth across all divisions and geographies, driven by increased activity, pricing, and technology adoption.

SLB's Q4 2022 revenue increased by 5% sequentially and 27% year-on-year to $7.9 billion. GAAP EPS increased 17% sequentially and 76% year-on-year to $0.74. EPS, excluding charges and credits, increased 13% sequentially and 73% year-on-year to $0.71. Cash flow from operations was $1.6 billion and free cash flow was $0.9 billion.

Schlumberger reported strong Q3 2022 results with a 10% sequential increase in revenue to $7.5 billion and a 26% sequential increase in EPS, excluding charges and credits, to $0.63. The company's pretax segment operating margin expanded by 161 basis points to 18.7%, and free cash flow was $1.1 billion. International revenue grew significantly, exceeding 2019 levels, and the company saw strong growth in Well Construction and Production Systems divisions.

Schlumberger reported a strong second quarter with revenue of $6.8 billion, a 14% sequential increase. GAAP EPS was $0.67, and EPS excluding charges and credits was $0.50. The company has revised its full-year revenue outlook upward to at least $27 billion.

Schlumberger's first-quarter results showed a 14% year-on-year increase in revenue, with GAAP EPS up by 71% and EPS excluding charges and credits up by 62%. The company's performance was driven by strong growth in Well Construction and Reservoir Performance divisions, reflecting a robust outlook for the energy services industry.

Schlumberger reported a strong fourth quarter with revenue of $6.22 billion, a 13% increase year-over-year. GAAP EPS was $0.42, up 56% year-over-year, and non-GAAP EPS was $0.41, up 86% year-over-year. The company's free cash flow was $1.30 billion.

Schlumberger reported strong Q3 2021 results with revenue increasing 4% sequentially and 11% year-on-year to $5.85 billion. GAAP EPS was $0.39, a 30% sequential increase, and free cash flow was $671 million. The company is confident in achieving its mid-cycle adjusted EBITDA margin ambition of 25% or higher and sustaining a double-digit free cash flow margin throughout the cycle.

Schlumberger reported a strong second quarter in 2021, with global revenue increasing by 8% sequentially. EPS increased 43% sequentially, and the company generated $869 million in free cash flow. The company is on track to achieve its full-year financial targets.

Schlumberger's first-quarter 2021 results showed a sequential revenue decrease of 6% due to North American divestitures, offset by international growth. EPS was $0.21, and free cash flow reached $159 million. The company is optimistic about international growth and expects double-digit revenue growth in the second half of 2021.

Schlumberger reported strong Q4 2020 results with a 5% sequential increase in revenue, driven by North America and international markets. The company's performance strategy and cost-out program led to margin reset to 2019 levels. The company sees a clear path to achieve double-digit margins in North America and visible international margin improvement in 2021.

Schlumberger's Q3 2020 revenue was $5.3 billion, a 2% sequential decrease. EPS, excluding charges and credits, was $0.16. The company focused on execution, returns, and customer performance, with sequential margin expansion and progress in cost reduction programs. They also expect to realize the vast majority of these savings as they exit this year.

Schlumberger's second-quarter revenue declined 28% sequentially due to the unprecedented fall in North America activity and international activity drop related to COVID-19 disruptions. The company recorded $3.7 billion of pretax restructuring and asset impairment charges. Despite these challenges, Schlumberger generated $465 million of free cash flow and sustained resilient international margins through decisive actions to reduce costs and restructure the company.

Schlumberger's first-quarter revenue declined by 5% year-on-year to $7.5 billion due to the impact of the COVID-19 pandemic and lower oil prices. The company reported a GAAP loss per share of $5.32, which included charges of $5.57 per share. Excluding charges, EPS was $0.25. The company focused on cost control, cash conservation, and portfolio adjustments to navigate the challenging environment.

Schlumberger's Q4 2019 revenue was $8.2 billion, a 4% decrease sequentially. GAAP EPS was $0.24, and non-GAAP EPS was $0.39. International revenue grew 2% sequentially, while North America revenue declined 14%. The company generated $1.5 billion in free cash flow.