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Dec 31, 2024
Schlumberger Q4 2024 Earnings Report
SLB's fourth-quarter earnings increased slightly, driven by digital sales in North America and higher activity in the Middle East, Europe and North Africa.
Key Takeaways
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.
Fourth-quarter revenue of $9.28 billion increased 1% sequentially and 3% year on year
Fourth-quarter GAAP EPS of $0.77 decreased 7% sequentially but was flat year on year
Fourth-quarter EPS, excluding charges and credits, of $0.92 increased 3% sequentially and 7% year on year
Board approved a 3.6% increase in quarterly cash dividend to $0.285 per share
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
SLB anticipates that the oil supply imbalance will gradually abate, supporting the investment outlook for the oil and gas industry throughout the rest of the decade.
Positive Outlook
- Global economic growth
- Heightened focus on energy security
- Rising energy demand from AI and data centers
- Discovery, development and extraction of oil and gas reserves
- Pursuing a meaningful opportunity in New Energy and decarbonization
Challenges Ahead
- Upstream investment growth will remain subdued in the short term
- Global oversupply
- Moderating upstream investment growth
- Cycles in the years to come
- Lower gas prices
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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