2Monยท

$SLB (-1.88%) | Schlumberger Q3'24 Earnings Highlight


๐Ÿ”น Adj EPS: $0.89 (Est. $0.88) ๐ŸŸขย 

๐Ÿ”น Revenue: $9.16B (Est. $9.30B) ๐Ÿ”ด

๐Ÿ”น Adj EBITDA: $2.34B (Est. $2.35B) ๐Ÿ˜

๐Ÿ”น Well Construction Revenue: $3.31B (Est. $3.46B) ๐Ÿ”ด


Operational Performance:

๐Ÿ”น Net Income: $1.19B | GAAP EPS: $0.83 (+8% QoQ, +6% YoY)

๐Ÿ”น International Revenue: $7.43B (+12% YoY)

๐Ÿ”น North America Revenue: $1.69B (+3% QoQ, +3% YoY)

๐Ÿ”น Free Cash Flow: $1.81B

๐Ÿ”น Cash Flow from Operations: $2.45B


Guidance:

๐Ÿ”น Full-Year Adjusted EBITDA Margin: At least 25%

๐Ÿ”น Sustained Upstream Investment: Expected despite short-term volatility


CEO Insights:

๐Ÿ”ธ Olivier Le Peuch: "Despite a cautious macro environment, we delivered margin expansion and strong cash flows through cost optimization, long-cycle projects, and digital adoption."


Division Performance:

๐Ÿ”น Well Construction: $3.31B (-3% YoY)ย 

๐Ÿ”น Production Systems: $3.10B (+31% YoY)ย 

๐Ÿ”น Digital & Integration: $1.09B (+11% YoY), margin expanded to 35.5%

๐Ÿ”น Reservoir Performance: $1.82B (+9% YoY)

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