SLB: 19% growth in EPS in the 1st quarter


(CercleFinance.com) – SLB (formerly Schlumberger) publishes adjusted EPS of $0.75 for the first three months of 2024, up 19% year-on-year, as well as adjusted EBITDA up 15% to 2.06 billion, a margin improved by 0.5 points to 23.6%.

Still compared to the same period in 2023, the oil services group’s revenues increased by 13% to 8.71 billion, an increase due half to Aker’s subsea activity, added as part of its OneSubsea joint venture to fourth quarter 2023.

SLB confirms that it expects EBITDA growth in the mid-10% range for all of 2024, and indicates that it is targeting a distribution of seven billion dollars to shareholders over two years (three billion in 2024 and four billion in 2025). ).

Copyright © 2024 CercleFinance.com. All rights reserved.

Did you like this article ? Share it with your friends using the buttons below.


Twitter


Facebook


Linkedin


E-mail





Source link -85