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Dec 31, 2021
Schlumberger Q4 2021 Earnings Report
Schlumberger's fourth-quarter results were announced, showcasing revenue growth and increased EPS.
Key Takeaways
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.
Revenue increased 13% year-on-year to $6.22 billion.
GAAP EPS increased 56% year-on-year to $0.42.
Non-GAAP EPS increased 86% year-on-year to $0.41.
Free cash flow was $1.30 billion.
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.com Forward Guidance
Schlumberger anticipates a material step up in industry capital spending with simultaneous double-digit growth in international and North American markets due to favorable industry macro fundamentals.
Positive Outlook
- Steady demand recovery is projected.
- The supply market is increasingly tight.
- Oil prices are supportive.
- Schlumberger has reset its operating leverage.
- Peer-leading margins have expanded across multiple quarters.
Challenges Ahead
- Further COVID-related disruptions are a risk.
- There may be delivery delays in the Middle East & Asia as a result of global supply and logistics constraints.
- There was a temporary production interruption in APS projects in Ecuador due to pipeline disruption.
- Seasonal effects in Russia and Scandinavia reduced Reservoir Performance and Well Construction activity.
- Production Systems pretax operating margin declined 85 bps sequentially due to an unfavorable mix and the impact of delayed deliveries due to global supply and logistics constraints.
Revenue & Expenses
Visualization of income flow from segment revenue to net income