Loading...
•
Dec 31, 2023
Schlumberger Q4 2023 Earnings Report
SLB's Q4 2023 performance reflected strong revenue growth, increased EPS, and significant free cash flow generation.
Key Takeaways
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.
Revenue increased 14% year-on-year to $8.99 billion.
GAAP EPS was $0.77, while EPS excluding charges and credits was $0.86, a 21% increase year-on-year.
Free cash flow for the quarter was $2.28 billion.
Board approved a 10% increase in the quarterly cash dividend to $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.comMiddle East & Asia Revenue
CapyFin.com Forward Guidance
SLB anticipates another year of strong growth in 2024, driven by international markets and increased shareholder returns through dividends and share repurchases.
Positive Outlook
- Global energy demand continues to increase, supporting international production.
- Record investment levels are expected in the Middle East beyond 2025.
- Offshore basins remain an important source for production growth.
- Continued customer adoption of Digital business is expected.
- Performance and returns-focused strategy will drive profitable growth and margin expansion.
Challenges Ahead
- Elevated geopolitical tensions in various regions could impact overall activity.
- Short-term commodity price fluctuations may affect long-cycle investments.
- APS revenue declined.
- Activity moderated in North America in the second half of the year.
- Reduced drilling activity in US land and Canada.
Revenue & Expenses
Visualization of income flow from segment revenue to net income