SLB reports strong Q4 2021 earnings with margin expansion
Revenue reached $6.2 billion, up 6% sequentially. Full-year free cash flow was $3 billion, and the company guides for mid-teens revenue growth in 2022.
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Global energy technology company
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In short: SLB reported Q3 2026 revenue of $9.45 billion and expanded into data centers and digital energy.
Revenue reached $6.2 billion, up 6% sequentially. Full-year free cash flow was $3 billion, and the company guides for mid-teens revenue growth in 2022.
Oil prices collapsed and drilling activity fell, forcing significant cost-cutting, workforce reductions, and asset write-downs.
Operating revenues rose 16% to $266.5 million, while net income grew 24% to $22.2 million, driven by oil field services and acquisitions like Daystrom.
EBITDA margins expand, restructuring continues, and new energy ventures develop despite revenue dip. Cash flow remains positive as deleveraging efforts proceed.
Revenue of $9.45 billion increased 5% sequentially and 6% year on year GAAP EPS of $0.49 decreased 6% sequentially and 2% year on year EPS...
Scalable, energy-efficient and reliable thermal management technologies will optimize operating performance in increasingly complex data centers and industrial syste...
Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has been awarded a contract by ExxonMobil Moçambique, Limitada, on behalf...
Global energy technology company SLB (NYSE: SLB) today announced it has been awarded four integrated well construction contracts by Aramco to support oil and gas...
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