SLB - Schlumberger Outshines Expectations: Solid International Growth Fuels Q2 Success | Benzinga
Schlumberger N.V. (NYSE:SLB) reported a second-quarter 2024 revenue increase of 13% year-over-year to $9.139 billion, beating the consensus of $9.076 billion.
SLB stated that its core and digital businesses showed strong momentum, leading to the highest quarterly international revenue since 2014.
Revenue by Division: Digital & Integration $1.05 billion (+11% Y/Y); Reservoir Performance $1.819 billion (+11% Y/Y); Well Construction $3.411 billion (+1% Y/Y), and Production Systems $3.025 billion (+31% Y/Y).
International revenue grew 18% Y/Y, with YoY growth of 24% in the Middle East & Asia and 20% in Europe & Africa. North American market revenue declined 6% Y/Y.
“These results demonstrate SLB’s strong position in key, resilient markets, as we continue to benefit ...