Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the fourth quarter of 2023, reporting higher revenues and earnings.
- Fourth-quarter revenue increased 14% year-over-year to $8.99 billion, and rose 8% sequentially
- Adjusted earnings, excluding charges and credits, came in at $0.86 per share, up 21% YoY
- On an unadjusted basis, earnings per share moved up 4% annually to $0.77 during the three months
- The company ended the quarter with cash flow from operations of $3.02 billion and free cash flow of $2.28 billion
- The board of directors approved a 10% increase in quarterly cash dividend to $0.275 per share
- During the quarter, the company repurchased 1.8 million shares at an average price of $54.46 per share
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings