SLB - Schlumberger sees revenues rising 45% EBITDA up 60% by 2025

2023-05-31 15:57:07 ET

Schlumberger ( NYSE: SLB ) forecasts revenues will grow at least 45% by 2025 compared with 2022, and full-year EBITDA will grow more than 60%, CEO Olivier Le Peuch said Wednesday, but the stock trades -3.4% as crude oil futures fall for a second straight day.

"What this means is that earnings growth will continue to outpace our revenue growth trajectory through 2025 [and] that the EBITDA and revenue compared annual growth rates in this cycle will exceed those in the prior growth cycle of 2009-14," Schlumberger ( SLB ) said in an investor presentation at the Bernstein Strategic Decisions Conference.

The company also said it aims to deliver an average free cash flow margin above 10%, which will "provide optionality with more than 50% of free cash flow allocated to returns to shareholders."

Schlumberger ( SLB ) said its core oil and gas business is "poised to continue its impressive growth as the upcycle continues through 2025 and beyond, and we will continue to drive performance and decarbonization through innovation for the long term."

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