Schlumberger NV, now going by SLB, unveiled on Friday that its revenue in the fourth trimester of its fiscal 2024 rose 3% to $9.3 billion compared to the same timeframe in 2023. On an annual basis, while diluted earnings per share remained unchanged at $0.77, net income fell by 2% to $1.1 billion.
For the full year 2024, year over year, revenue jumped 10% to $36.3 billion, net income gained 6%, standing at $4.5 billion and diluted EPS added 7%, coming in at $3.11.
"2024 was a strong year for SLB as we successfully navigated evolving market conditions to deliver revenue and EBITDA growth, margin expansion and solid free cash flow. Our full-year results were highlighted by 12% international revenue growth ... Sequentially, fourth-quarter revenue grew slightly, driven by digital sales in North America and higher activity in the Middle East, Europe and North Africa," CEO Olivier Le Peuch commented.
The company's stock increased 2.34% in the premarket after the release of the report.
