SLB stock price as reported by major financial news outlets such as Bloomberg or Yahoo Finance

SLB Reports $0.92 EPS and $9.28B Revenue in Q4, Stock Rises 4% After Dividend Increase and $2.3B Buyback

Jan 17, 2025, 12:29 PM

Schlumberger Ltd. (SLB) reported its fourth-quarter earnings for 2024, surpassing analysts' expectations. The company announced an adjusted earnings per share (EPS) of $0.92, beating the estimate of $0.90, and revenue of $9.28 billion, exceeding the forecast of $9.18 billion. This performance reflects a year-over-year increase of 7% in adjusted EPS and 3% in revenue. Additionally, SLB's international revenue reached $7.48 billion, contributing to the strong quarterly results. The company also reported an operating income of $1.92 billion, an operating margin of 20.7%, a net income of $1.10 billion, an adjusted EBITDA of $2.38 billion, and well construction revenue of $3.27 billion. For the full year, revenue increased by 10% to $36.29 billion. SLB announced an increase in its quarterly dividend by 3.6%, from $0.275 to $0.285 per share, and initiated a $2.3 billion accelerated share repurchase program. SLB's stock rose by 4% following the earnings announcement, reflecting investor confidence in the company's financial health and strategic initiatives.