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
Omnichannel push, margin dynamics in focus as Walmart gears up for Q3 earnings
Walmart Inc. (NYSE: WMT) entered the second half of FY26 navigating a challenging retail landscape marked by tariff-related cost pressure and cautious consumer behavior. At the same time, the company
AMAT Earnings: Applied Materials Q4 adjusted profit drops on lower revenues
Semiconductor equipment maker Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported a decrease in adjusted earnings for the fourth quarter of fiscal 2025. Adjusted earnings declined to $2.17 per share
Disney’s (DIS) streaming business continues its momentum in Q4 2025
Shares of The Walt Disney Company (NYSE: DIS) fell 9% on Thursday after the company delivered mixed results for the fourth quarter of 2025. While earnings beat expectations, revenues fell
