Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced results for the fourth quarter of 2024, reporting a 3% year-over-year increase in revenues
- Fourth-quarter revenue of $9.28 billion increased 3% year-on-year
- Earnings per share, on a reported basis, remained unchanged at $0.77 in the December quarter
- Q4 earnings, excluding charges and credits, rose 7% year-over-year to $0.92 per share
- Net income attributable to the company was $1.10 billion in Q4, down 2% from last year
- Fourth-quarter adjusted EBITDA of $2.38 billion increased 5% year-over-year
- Cash flow from operations was $2.39 billion and free cash flow was $1.63 billion in the fourth quarter
- The company’s board approved a 3.6% increase in quarterly cash dividend to $0.285 per share
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