SLB - Schlumberger's Strategic Expansion Pays Off: Surpasses Q1 Topline Expectations Commits To $7B Shareholder Return | Benzinga
Schlumberger N.V. (NYSE:SLB) reported a first-quarter 2024 revenue increase of 13% year-over-year to $8.707 billion, beating the consensus of $8.689 billion.
The company stated that almost half of the year-on-year revenue increase came from the Aker subsea business, which was added as part of our OneSubsea joint venture in the fourth quarter of 2023.
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Revenue by Division: Digital & Integration $953 million (+7% Y/Y); Reservoir Performance $1.725 billion (+15% Y/Y); Well Construction $3.368 billion (+3% Y/Y), and Production Systems $2.82 billion (+28% Y/Y).
International revenue grew 18% Y/Y, with YoY growth of 29% in the Middle East & Asia and 18% in ...