Schlumberger: A Good Company in a Volatile Business (NYSE:SLB)

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Introduction

Houston-based Schlumberger Ltd. (NYSE:SLB) released its 2023 first quarter results on April 21, 2023.

Note: I have been following SLB quarterly since December 2018. This article updates my article published on October 25, 2022.

1 – 1Q23 results screenshot

SLB

Chart

SLB 1-year chart Brent and NG (interesting trading charts)

Chart
Data by YCharts

Schlumberger

1Q22

2Q22

3Q22

4Q22

1Q23

Total revenues in $ billion 5.96 6.77 7.48 7.88 7.74
Net income in $ million

510

959

907

1,064

934

EBITDA million dollars 1,294 1,808 1,256 1,539 1,841
EPS diluted by $/share.

0.34

0.67

0.63

0.74

0.65

Cash flow from operating activities in $ million 131 408 1,567 1,614 330
CapEx in $ million 344 320 382 669 410
Free cash flow in $ million -213 88 1,185 945 -80
Total amount is billion dollars 2.65 2.82 3.61 2.89 2.50
Total debt of LT in $ billion 14.09 13.85 13.35 13.23 12.84
Distribution in $ 0.175 0.175 0.175 0.25 0.25
Shares superior (debilitated) in million 1,434 1,436 1,414 1,440 1,446

Schlumberger earnings chart

SLB Quarterly Earnings History (Fun Trading)

Schlumberger earnings details

SLB Earnings List 4Q22 vs 1Q23 (Fun Business)

The Middle East/Asia and Europe/Africa regions are critical. North American revenues represent only 30.9% of total revenues.
Schlumberger Middle East and Asia Region

SLB Revenue by Region in 1Q23 (Entertainment Trading)

Schlumberger's earnings per share

SLB 1Q23 Revenue by Segment (Entertainment Business)

As we can see, the Well Construction division is the most influential for the company and represents 42.2% of the company’s revenue.

Chart

SLB Quarterly Free Cash Flow History (Interesting Business)

Schlumberger net debt

SLB Quarterly Cash with Debt History (Fun Trading)

Long-term debt (including current) was $12,838 million at the end of March 2023, up from $14,086 million in 1Q22.

SLB technical chart

SLB TA Chart Short Term (Fun Trading Charts)

Note: The table is adjusted for dividends.

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