NYSE$SLB
SLB Ltd · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
SLB's Q4 2023 performance reflected strong revenue growth, increased EPS, and significant free cash flow generation.
SLB announced strong Q4 2023 results, with revenue reaching $8.99 billion, a 14% increase year-on-year. GAAP EPS was $0.77, and EPS excluding charges and credits was $0.86. The company's free cash flow was $2.28 billion, and the board approved a 10% increase in the quarterly dividend.
- Revenue increased 14% year-on-year to $8.99 billion.
- GAAP EPS was $0.77, while EPS excluding charges and credits was $0.86, a 21% increase year-on-year.
- Free cash flow for the quarter was $2.28 billion.
- Board approved a 10% increase in the quarterly cash dividend to $0.275 per share.
Headline financials
Revenue & EPS history
Schlumberger · Revenue · Quarterly
$8.99B
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 another year of strong growth in 2024, driven by international markets and increased shareholder returns through dividends and share repurchases.
Tailwinds
- Global energy demand continues to increase, supporting international production.
- Record investment levels are expected in the Middle East beyond 2025.
- Offshore basins remain an important source for production growth.
- Continued customer adoption of Digital business is expected.
- Performance and returns-focused strategy will drive profitable growth and margin expansion.
Headwinds
- Elevated geopolitical tensions in various regions could impact overall activity.
- Short-term commodity price fluctuations may affect long-cycle investments.
- APS revenue declined.
- Activity moderated in North America in the second half of the year.
- Reduced drilling activity in US land and Canada.
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 2023
+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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