(Telestock) – SLBformerly called Schlumberger and the world’s largest provider of oilfield services, has closed its second trimester of 2024 with revenues of $9.14 billion, up 5% sequentially and 13% year-over-year. TheNet income attributable to SLB of $1.11 billion increased 4% sequentially and 8% year-over-year. EPS of $0.77 increased 4% sequentially and 7% year-over-year, whileRectified EPS at $0.85, up 13% sequentially and 18% year-over-year (beating Wall Street estimates of 83 cents).
“We got solid results in the second quarter, with broad-based international revenue growth and margin expansion across all divisions – commented the CEO Olivier LePeuch – Our core business continued to build on its positive momentum and our digital business accelerated, achieving our highest quarterly international revenues since 2014. These results demonstrate SLB’s strong position in key and resilient markets, as we continue to benefit from thehigh activity in Middle East & Asiaparticularly in the sector of gasand our customers’ increased investments in deepwater basins, exploration and digital.”
“Looking ahead to the second half of the year, we expect a continued momentum in international marketsstrong digital sales and our cost efficiency programs will enable us to expand margins and achieve our ambition of growing full-year adjusted EBITDA in the mid-teens,” he added. “Beyond 2024, the fundamentals of this cycle remain in place and there is a long pipeline of growth opportunities, including long-cycle gas and deepwater projects, production and recovery assets and the secular trends of digital and decarbonization. This provides a solid backdrop to continue our path of margin expansion and cash generation.”