SLB Q4 Earnings Miss Estimates, Revenues Rise Year Over Year

SLB (SLB) reported fourth-quarter 2023 earnings of 77 cents per share (excluding charges and credits), which missed the Zacks Consensus Estimate of 84 cents. The bottom line, however, increased from the year-ago quarter’s level of 71 cents.The oilfield service giant recorded total quarterly revenues of $8.99 billion, which beat the Zacks Consensus Estimate of $8.98 billion. The top line also improved from the year-ago quarter’s figure of $7.88 billion.Better-than-expected quarterly earnings were primarily d ...