NYSE$SLB
SLB Ltd · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
SLB reported steady sequential revenue and increased year-on-year, with growth in GAAP EPS and adjusted EBITDA.
SLB announced strong third-quarter results with revenue of $9.16 billion, a 10% increase year-on-year. GAAP EPS was $0.83, up 6% year-on-year, and adjusted EBITDA was $2.34 billion, a 13% increase year-on-year. The company highlighted its focus on cost optimization and digital solutions contributing to the positive results.
- Revenue increased 10% year-on-year to $9.16 billion.
- GAAP EPS increased 6% year-on-year to $0.83.
- Adjusted EBITDA increased 13% year-on-year to $2.34 billion.
- Free cash flow was $1.81 billion.
Headline financials
Revenue & EPS history
Schlumberger · Revenue · Quarterly
$9.16B
Revenue by segment
Schlumberger · $8.46B total across 4 segments · Q3 2023
- Well Construction$3.43B+11.2%40.5%
- Production Systems$2.37B+10.1%28.0%
- Reservoir Performance$1.68B+15.4%19.9%
- Digital$982M+9.1%11.6%
Forward guidance
SLB anticipates strong cash flows and a full-year adjusted EBITDA margin at or above 25%, supported by international leadership, robust digital sales, and ongoing cost optimization initiatives.
Tailwinds
- Long-cycle projects in international, deepwater, and gas markets.
- Digital leadership and growing presence in emerging low-carbon markets.
- Sustained level of upstream investment expected in the years to come.
- Strong cash flows.
- Full-year adjusted EBITDA margin at or above 25%.
Headwinds
- Some customers have adopted a more cautious approach to their near-term capital expenditures.
- Discretionary spending amid lower commodity prices.
- Recent geopolitical events.
- Potential supply disruptions.
- Rate of upstream spending growth has moderated in the last few months due to the macroenvironment.
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 2024
+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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