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Main » 2021 » July » 29 » Schlumberger Announces Second-Quarter 2021 Results
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Schlumberger Announces Second-Quarter 2021 Results

PARIS -Tuesday 27 July 2021 [ AETOS Wire ]

 

  • Global revenue of $5.6 billion increased 8% sequentially
  • International revenue was $4.5 billion and North America revenue was $1.1 billion
  • EPS of $0.30 increased 43% sequentially
  • Cash flow from operations was $1.2 billion and free cash flow was $869 million
  • Board approved quarterly cash dividend of $0.125 per share

(BUSINESS WIRE)-- Schlumberger Limited (NYSE: SLB) today reported results for the second-quarter 2021.

Second-Quarter Results

  (Stated in millions, except per share amounts)
    Three Months Ended   Change
    Jun. 30, 2021   Mar. 31, 2021   Jun. 30, 2020   Sequential   Year-on-year
Revenue*  

$5,634

 

$5,223

 

$5,356

 

8%

 

5%

Income (loss) before taxes - GAAP basis  

$542

 

$386

 

$(3,627)

 

40%

 

n/m

Net income (loss) - GAAP basis  

$431

 

$299

 

$(3,434)

 

44%

 

n/m

Diluted EPS (loss per share) - GAAP basis  

$0.30

 

$0.21

 

$(2.47)

 

43%

 

n/m

   

 

 

 

 

 

 

 

 

 

Adjusted EBITDA**  

$1,198

 

$1,049

 

$838

 

14%

 

43%

Adjusted EBITDA margin**  

21.3%

 

20.1%

 

15.6%

 

118 bps

 

561 bps

Pretax segment operating income**  

$807

 

$664

 

$396

 

22%

 

104%

Pretax segment operating margin**  

14.3%

 

12.7%

 

7.4%

 

162 bps

 

694 bps

Net income, excluding charges & credits**  

$431

 

$299

 

$69

 

44%

 

525%

Diluted EPS, excluding charges & credits**  

$0.30

 

$0.21

 

$0.05

 

43%

 

500%

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