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Sep 30, 2023
Schlumberger Q3 2023 Earnings Report
SLB's Q3 2023 results reflected strong year-to-date performance, driven by sustained growth in the international markets and differentiated technology and service offerings.
Key Takeaways
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%.
Revenue increased 11% year-on-year to $8.31 billion.
GAAP EPS increased 24% year-on-year to $0.78.
Net income attributable to SLB increased 24% year-on-year to $1.12 billion.
Adjusted EBITDA increased 18% year-on-year to $2.08 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
In the fourth quarter, SLB expects continued sequential revenue growth driven by year-end sales in Digital & Integration and seasonal product and equipment sales in Production Systems. In addition, the fourth quarter will reflect the results of the OneSubsea joint venture.
Positive Outlook
- Continued sequential revenue growth expected.
- Growth driven by year-end sales in Digital & Integration.
- Growth driven by seasonal product and equipment sales in Production Systems.
- Fourth quarter will reflect the results of the OneSubsea joint venture.
- Company remains focused on driving financial outperformance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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