Schlumberger: A Strong Quarter With Optimistic Prospects (NYSE:SLB)

Introduction

Houston-based Schlumberger Limited (NYSE:SLB) released its third quarter 2023 results on October 20, 2023.

Note: As indicated regularly, I have followed SLB quarterly since December 2018. This article updates my article published on July 26, 2023.

1: 2Q23 Results

Schlumberger

3Q22

4Q22

1Q23

2Q23

3Q23

Total Revenues in Billions 7.48 7.88 7.74 8.10 8.31
Net income in millions

907

1,064

934

1,033

1,123

EBITDA $ Million 1,256 1,539 1,841 1,981 2,103
EPS diluted in $/share

0.63

0.74

0.65

0.72

0.78

Cash flow from operating activities in the millions 1,567 1,614 330 1,608 1,677
CapEx in $ Million 382 669 410 471 585
Free cash flow in the millions 1,185 945 -80 1,137 1,092
Total cash: $ Billion 3.61 2.89 2.50 3.19 3.74
Total LT Debt in $ Billion 13.35 13.23 12.84 13.34 13.15
Dividend per share in $ 0.175 0.25 0.25 0.25 0.25
Shares Outstanding (Diluted) in Millions 1,414 1,440 1,446 1,442 1,442

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