Key Highlights of Schlumberger's Q1 2024 Financial Results
Friday, 19 April 2024, 13:38
Schlumberger Q1 2024 Earnings Report:
Energy infrastructure company Schlumberger Limited (NYSE: SLB) on Friday announced financial results for the first quarter of 2024, reporting Schlumberger's Q1 revenue came in at $8.71 billion, which is up 13% year-on-year.
Financial Performance Highlights:
- First-quarter earnings increased 14% annually to $0.74 per share
- Adjusted earnings per share climbed 19% annually to $0.75
- Net income attributable to shareholders was $1.07 billion, up 14% year-on-year
- Adjusted EBITDA for the March quarter reached $2.06 billion, marking a 15% increase
- Cash flow from operations amounted to $327 million during the three months
The article also covers the announcement of a quarterly cash dividend of $0.275 per share by the company's board of directors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.