The earnings call reflected a balanced outlook for SLB, with strong financial performance and growth in digital and low carbon markets offsetting challenges in certain regions and segments.

Company Guidance

During the SLB Q4 2024 earnings call, Olivier Le Peuch, the CEO, provided detailed guidance for 2025. The company anticipates maintaining its adjusted EBITDA margin at or above 2024 levels, despite a flat revenue outlook. This is driven by a diversified portfolio with strong performance in digital operations, which grew by 20% in 2024, and a robust production recovery business. SLB expects significant growth in low-carbon and digital infrastructure markets, with 2024 revenue from these activities exceeding $850 million, projected to increase in 2025. The Middle East remains a bright spot, with revenue reaching a cycle high, while North America's oil and gas activity is expected to decline. Internationally, growth in Argentina, Brazil, and certain Middle Eastern and Asian countries is expected, offset by declines in Mexico and other regions. Additionally, SLB plans to return a minimum of $4 billion to shareholders in 2025 through dividends and share repurchases.

Strong Fourth Quarter Revenue and Free Cash Flow

SLB achieved a new cycle high in international revenue and generated strong free cash flow of $1.63 billion for the quarter.

Full Year 2024 Performance and Shareholder Returns

The company achieved a full year adjusted EBITDA margin of 25%, generated robust free cash flow of $4 billion, and returned $3.3 billion to shareholders.

Digital Revenue Growth

Digital revenue grew 20% for the full year, exceeding the targets of high-teens growth, supported by strategic partnerships with industry leaders.

Low Carbon and Digital Infrastructure Expansion

Revenue from low carbon markets exceeded $850 million in 2024, with significant growth expected in 2025.

Accelerated Share Repurchase Program

SLB entered into accelerated share repurchase transactions to buy back $2.3 billion worth of stock, reflecting confidence in the company's financial performance.

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Schlumberger (SLB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SLB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 18, 2025	2025 (Q1)	0.74 / -	0.75	―	―	―
Jan 17, 2025	2024 (Q4)	0.90 / 0.92	0.86	6.98% (+0.06)	―
Oct 18, 2024	2024 (Q3)	0.89 / 0.89	0.78	14.10% (+0.11)	―
Jul 19, 2024	2024 (Q2)	0.83 / 0.85	0.72	18.06% (+0.13)	―
Apr 19, 2024	2024 (Q1)	0.75 / 0.75	0.63	19.05% (+0.12)	―
Jan 19, 2024	2023 (Q4)	0.83 / 0.86	0.71	21.13% (+0.15)	―
Oct 20, 2023	2023 (Q3)	0.77 / 0.78	0.63	23.81% (+0.15)	―
Jul 21, 2023	2023 (Q2)	0.71 / 0.72	0.5	44.00% (+0.22)	―
Apr 21, 2023	2023 (Q1)	0.60 / 0.63	0.34	85.29% (+0.29)	―
Jan 20, 2023	2022 (Q4)	0.68 / 0.71	0.41	73.17% (+0.30)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SLB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 17, 2025	$40.80	$43.28	+6.08%
Oct 18, 2024	$43.41	$41.37	-4.70%
Jul 19, 2024	$47.76	$48.70	+1.97%
Apr 19, 2024	$49.62	$48.56	-2.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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