Schlumberger's Strong Q2 Performance Highlights Growth in Revenue and Earnings

Friday, 19 July 2024, 14:06
Schlumberger Limited (NYSE: SLB) has released its operating results for Q2 2024, reporting impressive growth in both revenue and earnings. Year-over-year, the company achieved a 13% increase in revenue, totaling $9.14 billion, along with an 8% growth in net income, reaching $1.11 billion. This performance reflects the company's strong position in the energy infrastructure sector. Overall, Schlumberger's results indicate a resilient business model and continued demand in the marketplace.
AlphaStreet
Schlumberger's Strong Q2 Performance Highlights Growth in Revenue and Earnings

Schlumberger's Q2 2024 Financial Results

Energy infrastructure company Schlumberger Limited (NYSE: SLB) delivered encouraging results for the second quarter of 2024.

Key Highlights

  • Revenue Growth: The company reported a 13% year-over-year increase in revenue, reaching $9.14 billion.
  • Sequential Growth: Revenue also climbed 5% sequentially.
  • Net Income: Net income attributable to the company stood at $1.11 billion, reflecting an 8% growth.

Schlumberger’s strong performance underscores its ability to navigate market challenges and seize opportunities in the energy sector.

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.

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