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Jun 30, 2024
Schlumberger Q2 2024 Earnings Report
SLB's Q2 2024 performance was marked by revenue growth, increased EPS, and strong international market performance.
Key Takeaways
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.
Revenue increased 13% year-on-year to $9.14 billion, driven by international markets.
GAAP EPS increased 7% year-on-year to $0.77, while EPS excluding charges and credits increased 18% year-on-year to $0.85.
Net income attributable to SLB increased 8% year-on-year to $1.11 billion.
Free cash flow was $776 million, and the board approved a quarterly cash dividend of $0.275 per share.
Schlumberger
Schlumberger
Schlumberger Revenue by Segment
Schlumberger Revenue by Geographic Location
Revenue by Segment
Digital & Integration Revenue
CapyFin.comReservoir Performance Revenue
CapyFin.comWell Construction Revenue
CapyFin.comProduction Systems Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope & Africa Revenue
CapyFin.comMiddle East & Asia Revenue
CapyFin.com Forward Guidance
SLB anticipates ongoing momentum in international markets, robust digital sales, and effective cost efficiency programs to facilitate margin expansion and achieve the ambition of growing full-year adjusted EBITDA in the mid-teens.
Positive Outlook
- Ongoing momentum in the international markets
- Strong digital sales
- Cost efficiency programs
- Margin expansion
- Full-year adjusted EBITDA growth in the mid-teens
Revenue & Expenses
Visualization of income flow from segment revenue to net income