$SLB (+0.89%) | Schlumberger Q3'24 Earnings Highlight

🔹 Adj EPS: $0.89 (Est. $0.88) 🟢 

🔹 Revenue: $9.16B (Est. $9.30B) 🔴

🔹 Adj EBITDA: $2.34B (Est. $2.35B) 😐

🔹 Well Construction Revenue: $3.31B (Est. $3.46B) 🔴

Operational Performance:

🔹 Net Income: $1.19B | GAAP EPS: $0.83 (+8% QoQ, +6% YoY)

🔹 International Revenue: $7.43B (+12% YoY)

🔹 North America Revenue: $1.69B (+3% QoQ, +3% YoY)

🔹 Free Cash Flow: $1.81B

🔹 Cash Flow from Operations: $2.45B

Guidance:

🔹 Full-Year Adjusted EBITDA Margin: At least 25%

🔹 Sustained Upstream Investment: Expected despite short-term volatility

CEO Insights:

🔸 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:

🔹 Well Construction: $3.31B (-3% YoY) 

🔹 Production Systems: $3.10B (+31% YoY) 

🔹 Digital & Integration: $1.09B (+11% YoY), margin expanded to 35.5%

🔹 Reservoir Performance: $1.82B (+9% YoY)