NYSE$SLB
SLB Ltd · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Schlumberger's fourth-quarter results were announced, showcasing revenue growth and increased EPS.
Schlumberger reported a strong fourth quarter with revenue of $6.22 billion, a 13% increase year-over-year. GAAP EPS was $0.42, up 56% year-over-year, and non-GAAP EPS was $0.41, up 86% year-over-year. The company's free cash flow was $1.30 billion.
- Revenue increased 13% year-on-year to $6.22 billion.
- GAAP EPS increased 56% year-on-year to $0.42.
- Non-GAAP EPS increased 86% year-on-year to $0.41.
- Free cash flow was $1.30 billion.
Headline financials
Revenue & EPS history
Schlumberger · Revenue · Quarterly
$6.23B
Revenue by segment
Schlumberger · $6.33B total across 4 segments · Q4 2021
- Well Construction$2.39B+28.0%37.7%
- Production Systems$1.77B+7.0%27.9%
- Reservoir Performance$1.29B+3.2%20.3%
- Digital$889M+6.7%14.0%
Forward guidance
Schlumberger anticipates a material step up in industry capital spending with simultaneous double-digit growth in international and North American markets due to favorable industry macro fundamentals.
Tailwinds
- Steady demand recovery is projected.
- The supply market is increasingly tight.
- Oil prices are supportive.
- Schlumberger has reset its operating leverage.
- Peer-leading margins have expanded across multiple quarters.
Headwinds
- Further COVID-related disruptions are a risk.
- There may be delivery delays in the Middle East & Asia as a result of global supply and logistics constraints.
- There was a temporary production interruption in APS projects in Ecuador due to pipeline disruption.
- Seasonal effects in Russia and Scandinavia reduced Reservoir Performance and Well Construction activity.
- Production Systems pretax operating margin declined 85 bps sequentially due to an unfavorable mix and the impact of delayed deliveries due to global supply and logistics constraints.
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 Q4 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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