SLB Reports Strong Third-Quarter Results Amid Evolving Market ConditionsSLB has announced its third-quarter results (3q24), achieving a notable revenue of $9.16 billion, a 10% increase year-on-year, despite a cautious macroeconomic environment. Net income attributable to SLB, excluding charges and credits, rose 13% to $1.27 billion in the three months ending September 30. The company reported a 4% sequential increase in Digital & Integration revenue, with its digital business growing by 7% sequentially and 25% year-on-year. The company anticipates delivering strong cash flows and maintaining an adjusted EBITDA margin of 25.6%, a 55-basis point sequential increase. SLB has recorded Cash flow from operations at $2.45 billion, with free cash flow reaching $1.81 billion.

Source: The North Africa Journal October 20, 2024 12:21 UTC