SLB Q1 2024: Revenue $8.71B (+13% YoY), Adj EPS $0.75 (+19%); $7B return target

SLB LIMITED/NV

2024-Q1 EPS reported $0.74 revenue$8,707,000,000

GAAP EPS $0.74 (+14% YoY); net income $1.07B (+14%).
Revenue $8.71B (+13% YoY); international revenue +18%, North America -6%.
Quarterly dividend $0.275/share, payable July 11 to holders of record June 5.
Targeting $7B shareholder returns over 2024-2025 ($3B in 2024, $4B in 2025).
Agreed to acquire ChampionX in all-stock deal for ~9% of SLB shares; $400M pretax synergies.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SLB LIMITED/NV reported first-quarter 2024 results: revenue $8.71 billion, net income $1.07 billion, EPS $0.74. Guidance reaffirmed.

Period: first-quarter 2024
Revenue: $8.71 billion
Net income: $1.07 billion
EPS: $0.74
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99 (EX-99) --- EX-99 Exhibit 99 News Release SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025 • Revenue of $8.71 billion increased 13% year on year • GAAP EPS of $0.74 increased 14% year on year • EPS, excluding charges and credits, of $0.75 increased 19% year on year • Net income attributable to

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SLB LIMITED/NV filing history →

Source: SEC EDGAR

accession 0001193125-24-101633

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