NYSE$SLB
SLB Ltd · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Schlumberger's Q3 2021 performance saw revenue growth, margin expansion, and solid free cash flow, driven by Well Construction and Reservoir Performance divisions.
Schlumberger reported strong Q3 2021 results with revenue increasing 4% sequentially and 11% year-on-year to $5.85 billion. GAAP EPS was $0.39, a 30% sequential increase, and free cash flow was $671 million. The company is confident in achieving its mid-cycle adjusted EBITDA margin ambition of 25% or higher and sustaining a double-digit free cash flow margin throughout the cycle.
- Global revenue increased 4% sequentially and 11% year-on-year, reaching $5.85 billion.
- GAAP EPS was $0.39, reflecting a 30% sequential increase.
- Free cash flow stood at $671 million for the quarter.
- Pretax segment operating margin reached its highest level since 2015.
Headline financials
Revenue & EPS history
Schlumberger · Revenue · Quarterly
$5.85B
Revenue by segment
Schlumberger · $5.95B total across 4 segments · Q3 2021
- Well Construction$2.27B—38.2%
- Production Systems$1.67B-7.1%28.1%
- Reservoir Performance$1.19B—20.0%
- Digital$812M—13.6%
Forward guidance
Schlumberger anticipates another quarter of growth and expects to close 2021 with strong momentum, setting the foundation for an exceptional growth cycle, driven by strengthened industry macro fundamentals.
Tailwinds
- Demand recovery
- Oil and gas commodity prices at recent highs
- Low inventory levels
- Encouraging trends in pandemic containment efforts
- Favorable conditions expected to materially drive investment over the next few years
Headwinds
- Recession
- Pandemic-related setback
- Changing global economic conditions
- Changes in exploration and production spending by Schlumberger’s customers
- General economic, geopolitical, and business conditions in key regions of the world
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
+0.7%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.8%
Avg return
30 days after
51%
37 / 73 earnings
Positive
+14.1%
Q3 2022
Best reaction
-8.6%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +1.8% | — | |
| Q4 2025 | -0.9% | -0.9% | +3.1% | |
| Q3 2025 | -0.9% | +6.0% | +12.2% | |
| Q2 2025 | -1.0% | -0.6% | +6.0% | |
| Q1 2025 | -1.2% | -4.8% | -3.6% | |
| Q4 2024 | +6.4% | +1.3% | +1.6% | |
| Q3 2024 | -3.5% | -4.2% | -1.8% | |
| Q2 2024 | +1.5% | -1.4% | -8.1% | |
| Q1 2024 | -2.8% | -3.6% | -4.6% | |
| Q4 2023 | +4.4% | +6.4% | +0.0% | |
| Q3 2023 | -1.9% | -5.6% | -11.9% | |
| Q2 2023 | -0.4% | +0.7% | +1.3% | |
| Q1 2023 | -3.4% | -8.1% | -12.9% | |
| Q4 2022 | -2.6% | -2.0% | -7.0% | |
| Q3 2022 | +14.1% | +14.2% | +17.0% | |
| Q2 2022 | +7.6% | +8.0% | +10.4% | |
| Q1 2022 | -4.8% | -1.7% | +1.2% | |
| Q4 2021 | -1.2% | +7.4% | +8.5% | |
| Q3 2021 | +0.2% | -5.1% | -12.4% | |
| Q2 2021 | +5.3% | +4.8% | -5.4% | |
| Q1 2021 | +4.4% | +8.4% | +26.5% | |
| Q4 2020 | -1.9% | -9.8% | +8.0% | |
| Q3 2020 | -8.6% | -8.6% | +9.6% | |
| Q2 2020 | +2.0% | +0.7% | -3.7% | |
| Q1 2020 | +8.3% | +9.2% | +13.5% | |
| Q4 2019 | -4.7% | -5.4% | -11.2% | |
| Q3 2019 | +5.3% | +10.8% | +10.9% | |
| Q2 2019 | +1.8% | +4.0% | -15.6% | |
| Q1 2019 | -3.3% | -3.2% | -17.7% | |
| Q4 2018 | +6.3% | +4.7% | +8.7% | |
| Q3 2018 | -2.8% | -9.3% | -17.5% | |
| Q2 2018 | -1.8% | -1.7% | -6.1% | |
| Q1 2018 | -1.9% | -1.7% | +5.7% | |
| Q4 2017 | +4.5% | +2.4% | -13.2% | |
| Q3 2017 | -4.0% | -1.6% | -3.9% | |
| Q2 2017 | -0.9% | -0.0% | -5.5% | |
| Q1 2017 | -3.1% | -3.1% | -6.2% | |
| Q4 2016 | -3.4% | -1.9% | -7.5% | |
| Q3 2016 | -3.6% | -3.9% | -4.1% | |
| Q2 2016 | +1.3% | +0.0% | +3.4% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +6.8% | — | — | |
| Q3 2015 | -0.7% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | +5.3% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | +0.9% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | +2.2% | — | — | |
| Q2 2013 | +6.8% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +6.3% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2011 | +2.8% | — | — | |
| Q3 2011 | +11.4% | — | — | |
| Q2 2011 | -2.7% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2007 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2010 | -0.1% | — | — | |
| Q1 2009 | +4.0% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2008 | -0.2% | — | — | |
| Q3 2009 | -0.2% | — | — | |
| Q2 2009 | -2.1% | — | — | |
| Q2 2008 | -2.1% | — | — | |
| Q4 2008 | -2.1% | — | — |
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