Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.
Schlumberger (SLB), a global leader in oilfield services and energy solutions, provides cutting-edge technology for reservoir characterization, drilling optimization, and sustainable energy projects. This page serves as the definitive source for verified company updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry professionals will find curated press releases covering quarterly earnings, technology partnerships, and sustainability advancements, including updates on SLB Capturi's carbon capture solutions. The collection spans operational milestones across drilling services, production enhancements, and geothermal energy innovations.
All content is organized to highlight SLB's engineering expertise in complex projects while maintaining neutral reporting standards. Bookmark this page for streamlined access to essential updates about the company's global operations and energy transition strategies.
SLB reported first-quarter 2023 revenue of $7.7 billion, marking a 30% increase year-on-year. GAAP EPS rose 81% to $0.65, while net income attributable to SLB reached $934 million, up 83% year-on-year. Adjusted EBITDA was $1.8 billion, a 43% increase compared to last year. Although revenue from the preceding quarter declined 2%, it reflects robust growth in Well Construction and Production Systems.
The company declared a quarterly cash dividend of $0.25 per share. SLB's strong operational cash flow of $330 million indicates healthy liquidity, even with a negative free cash flow of $265 million largely due to capital expenditures. The year shows promising trends with significant growth across all divisions.
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