Schlumberger (NYSE: SLB) just released earnings and beat on the top and bottom line. Shares are up about 1% shortly after their earnings release. We’ll be following along Wall Street’s reaction and offering analysis of the company’s Q2 earnings in this live blog.
What Did Schlumberger Report?
SLB’s Q2 25 revenue declined 6.6% year-over-year to $8.55 B, with net income down 8.8% to $1.01 B and operating income sliding over 21% to $1.28 B. Operating cash flow and free cash flow fell roughly 20% and 31.7%, respectively, while cash and equivalents surged 190.8% to $8.59 B.
Metric | Q2 25 | Q2 2024 | Change |
|---|---|---|---|
Revenue | $8.55 B | $9.15 B | -6.57% |
Net Income | $1.01 B | $1.11 B | -8.81% |
Operating Income | $1.28 B | $1.64 B | -21.41% |
Cash And Equivalents | $8.59 B | $2.95 B | 190.76% |
Operating Cash Flow | $1.14 B | $1.44 B | -20.47% |
Free Cash Flow | $622.00 M | $911.00 M | -31.72% |
The Numbers That Matter
Here’s the revenue and EPS figures for Schlumberger relative to Wall Street expectations in Q2:
Revenue: $8.55 billion (versus expectations of $$8.48 billion)
EPS: $.74 (versus expectations of $.73 per share)
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