Categories Earnings, Energy

Earnings Summary: A snapshot of Schlumberger’s Q1 2024 financial results

Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the first quarter of 2024, reporting higher revenues and earnings.

  • Schlumberger’s Q1 revenue came in at $8.71 billion, which is up 13% year-on-year
  • First-quarter earnings, on a reported basis, increased 14% annually to $0.74 per share
  • Excluding special items, adjusted earnings per share climbed 19% annually to $0.75
  • Net income attributable to shareholders, on an unadjusted basis, was $1.07 billion, which is up14% year-on-year
  • The company reported adjusted EBITDA of $2.06 billion for the March quarter, an increase of 15% from last year
  • Cash flow from operations came in at $327 million during the three months
  • The company’s board of directors has approved a quarterly cash dividend of $0.275 per share

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