Financial Data and Key Metrics Changes - Revenue for Q1 2024 was $8.7 billion, representing a year-on-year increase of 12.6% [20] - Adjusted EBITDA margin for Q1 was 23.6%, up 51 basis points year-on-year [21] - Earnings per share excluding charges and credits was $0.75, an increase of $0.12 compared to the same quarter last year [20] Business Line Data and Key Metrics Changes - Digital & Integration revenue was $953 million, a 7% year-on-year increase, with digital revenue experiencing double-digit growth [21][22] - Reservoir Performance revenue increased by 15% year-on-year to $1.7 billion, with margins expanding by 356 basis points to 19.7% [22] - Production Systems revenue grew by 28% year-on-year to $2.8 billion, with margins expanding by 490 basis points to 14.2% [22] - Well Construction revenue increased by 3% year-on-year to $3.4 billion, with margins remaining flat at 20.5% [22] Market Data and Key Metrics Changes - International revenue increased by 18% year-on-year, with a notable 29% growth in the Middle East & Asia [20][21] - North America revenue decreased by 6% year-on-year due to lower rig counts and gas prices [21] Company Strategy and Development Direction - The company aims to grow digital revenue in the high-teens for the full year, focusing on capital discipline and execution efficiency [11][21] - The acquisition of ChampionX is expected to enhance the company's portfolio in production chemicals and artificial lift, particularly in offshore environments [15][17] - The company is prioritizing emissions reduction and low-carbon energy solutions, with a focus on carbon capture and sequestration [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing oil and gas cycle, driven by strong demand and energy security [11][27] - The company anticipates continued growth in international markets, particularly in the Middle East and Asia, while North America may experience slower growth [18][19] - For Q2, the company expects sequential revenue growth internationally in the mid-single digits and in North America in the low-single digits [19] Other Important Information - The company generated $327 million in cash flow from operations, with a free cash flow of negative $222 million due to seasonal effects [23][24] - The company plans to file its S-4 registration statement related to the ChampionX acquisition in the coming weeks [25] Q&A Session Summary Question: How does the company view the current cycle and its duration? - Management believes the cycle is characterized by breadth, resilience, and longevity, driven by strong energy demand and investment in capacity expansion [27][28] Question: What is the progress on the Delfi digital platform? - Adoption of the Delfi platform is trending favorably, with expectations for continued growth in digital sales throughout the year [30][31] Question: What are the dynamics of the ChampionX deal in relation to the OpEx and CapEx cycles? - Management sees the production recovery market as critical, with opportunities for innovation and efficiency gains in production operations [36][38] Question: Can you elaborate on the $400 million in synergies from the ChampionX acquisition? - Approximately 75% of the synergies are related to cost savings, with the remainder linked to revenue synergies [42] Question: What is the spending outlook in Saudi Arabia and the broader GCC region? - Management noted significant growth in spending across the GCC, with a shift towards gas development and ongoing investments in oil production [44][49] Question: How does the company see the North American market developing? - North America is expected to remain a smaller piece of the business, with growth anticipated in the latter half of the year [79]

Exhibit 99 News Release 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% year on year • Cash flow from operations was $327 million • Board approved quarterl ...

Investors are always looking for stocks that are poised to beat at earnings season and Schlumberger Limited (SLB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Schlumbergeris seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty go ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Schlumberger (SLB) , which belongs to the Zacks Oil and Gas - Field Services industry.When looking at the last two reports, this world's largest oilfield services company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 1.84%, on average, in the last two quarters.For the last reported quarter, Schlumberger cam ...

CHINA - 2023/02/15: In this photo illustration, the world's largest offshore drilling company ... [+] Schlumberger (SLB) logo is seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSLB’s stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas ...

The latest trading session saw Schlumberger (SLB) ending at $54, denoting a -0.37% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.The world's largest oilfield services company's shares have seen an increase of 3.1% over the last month, not keeping up with the Oils-Energy sector's gain of 8.96% and outstripping the S&P 500's gain of 0.8%.The u ...

ChampionX (NASDAQ:CHX) stock is a hot topic among traders on Tuesday after the oil and gas technology company announced that it is being acquired by SLB (NYSE:SLB)!A press release reveals that investors in ChampionX will receive 0.735 shares of SLB stock for each share of CHX stock that they own. Following this, CHX investors will hold a 9% stake in SLB.The merger also includes annual synergies of $400 million within the first three years of its completion. In addition to this, SLB has pledged to return $7 ...

ChampionX Corp (NASDAQ: CHX) is in focus today after Schlumberger NV (NYSE: SLB) said it will buy the oilfield technology company for $7.75 billion.$SLB deal values ChampionX stock at 14% premium Copy link to section The all-stock deal values each share of ChampionX at $40.59 – a more than 14% premium on their previous close. $SLB is convinced the acquisition will deliver about $400 million in annual pre-tax savings in the first three years. Olivier Le Peuch – its chief executive said in a press release on ...

In the latest trading session, Schlumberger (SLB) closed at $55.22, marking a +0.75% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw an increase of 0.11%.The world's largest oilfield services company's stock has climbed by 11.06% in the past month, exceeding the Oils-Energy sector's gain of 7.33% and the S&P 500's gain of 3.32%.Analysts and investors alike will be kee ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Schlumberger (SLB) .Schlumberger currently has an average brokerage recomm ...