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SLB Profit Rises on International Drilling Demand

SLB's international revenue increased by 18% to $7.06 billion, driven by its acquisition of ChampionX. The company plans to return $7 billion to shareholders in the next two years. Q1 earnings were $1.07 billion, or 74 cents per share.

by Terry Bingman
Wed, Apr 24, 2024 7:43am
in Business
• 3 mins read
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SLB Profit Rises on International Drilling Demand | FinOracle

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SLB Achieves Robust Profit Increase Amid Global Drilling Demand

In a remarkable financial update, SLB (formerly Schlumberger) disclosed a 14% rise in first-quarter profit, marvelously capitalizing on the surging demand for oil and gas drilling, particularly in the Middle East and Africa. This performance not only underscores the firm's robust operational execution but also highlights its adept navigation of the global energy landscape.

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