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