Oilfield Service Company SLB Increased Net Profit by 14% in the First Quarter
US oil services company SLB (formerly Schlumberger) increased its net profit by 14.4% in the first quarter of 2024, driven by growth in international markets. Net income in the January-March period was $1.068 billion, or 74 cents per share, compared with $934 million, or 65 cents per share, in the …
SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025
Revenue of $8.71 billion increased 13% year on year GAAP EPS of $0.74 increased 14% year on year EPS, excluding charges and credits, of $0.75 increased 19% year on year Net income attributable to SLB of $1.07 billion increased 14% year on year Adjusted EBITDA of $2.06 billion increased 15% …
SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction
Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of …
Simple Set-and-Retrieve, Full-Expansion Retrievable Bridge Plug for Temporary Well Plugging
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Oil Service Company SLB Has No Plans To Leave Russia Yet
The head of the company, Olivier Le Peche, noted that the corporation’s team works autonomously in the country; SLB’s priority remains the protection of its assets and employees. The world’s largest American oil service corporation SLB (formerly known as Schlumberger) does not yet intend to leave Russia, despite pressure from …
SLB Increased Revenue By 14% in The Fourth Quarter
US oil services company SLB (formerly known as Schlumberger) increased its net profit by 4% in the fourth quarter of 2023, with adjusted earnings and revenue exceeding market expectations. Net income in the October-December period was $1.11 billion, or 77 cents per share, compared with $1.07 billion, or 74 cents …
SLB Announces Fourth-Quarter and Full-Year 2023 Results
SLB Announces Fourth-Quarter and Full-Year 2023 Results and Raises Quarterly Dividend by 10% Fourth-quarter revenue of $8.99 billion increased 8% sequentially and 14% year on year Fourth-quarter GAAP EPS of $0.77 decreased 1% sequentially and increased 4% year on year Fourth-quarter EPS, excluding charges and credits, of $0.86 increased 10% …
Oilfield Service Awaits the Opening of Venezuela
The world’s largest oil services company SLB plans to quickly return to the fields of Venezuela after the easing of US sanctions against the country’s energy industry, said the head of the company Olivier Le Peche. According to him, the company will try to mobilize resources and equipment to resume …
SLB in Q3 Increased Net Profit by 24%, Revenue by 11%
American oilfield services company SLB (formerly known as Schlumberger) in the third quarter increased net income by 24%, revenue by 11%, with adjusted earnings per share exceeding market expectations by 1 cent, and revenue only slightly below forecasts. Net income in July-September was $1.12 billion, or 78 cents per share, …
Aker Solutions, SLB and Subsea7 Complete the Deal to Create the OneSubsea Joint Venture
OneSubsea’s portfolio of leading technologies will improve the performance of subsea assets while improving energy efficiency and reducing CO2 emissions. Aker Solutions will own 20 percent of the new company and receive a total consideration of US$700 million in the deal. Aker Solutions, SLB and Subsea7 today announce the final …