Robust international market performance is expected to drive growth and offset weakness in North America, Analyst consensus on the stock is bullish.
Boomeranged on Mon, 22 Jan 2024 14:52
Schlumberger's Q42023 performance was better than expected as its revenue grew 14% YoY to USD 8.99 billion and net profit rose 21% YoY to USD 1.24 billion. Revenue from international operations was up 18% YoY, while growth in North America was flat. For the full year of 2023, its revenue grew 18% YoY to USD 33.1 billion and net profit surged 37% YoY to USD 4.3 billion.
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