SLB - Schlumberger Drills Past Q4 Expectations Plans $2.6B Investment In 2024 | Benzinga
Schlumberger N.V. (NYSE:SLB) reported a fourth-quarter fiscal 2023 revenue increase of 14% year-over-year to $8.99 billion, beating the consensus of $8.95 billion.
Revenue by Division: Digital & Integration $1.05 billion (+4% Y/Y); Reservoir Performance $1.735 billion (+12% Y/Y); Well Construction $3.43 billion (+6% Y/Y), and Production Systems $2.94 billion (+33% Y/Y).
Adjusted EPS increased 21% Y/Y to $0.86, beating the consensus of $0.84.
Related: Schlumberger Set To Unveil Q4 Earnings: Drilling Down Into Market Expectations, Business Potential
Adjusted EBITDA was $2.28 billion for the quarter, an increase of 19% Y/Y, and margin expanded 95 bps to 25.3%. The pretax segment operating margin expanded by 101 bps for the quarter to 20.8%.
Operating cash ...