Which business segment contributed most to Schlumberger's 2024 revenue growth?

Schlumberger's 2024 revenue growth was primarily driven by the **Production Systems** division, which contributed significantly to the overall revenue increase. Here's a detailed analysis: 1. **Production Systems Division**: This segment saw a notable surge of 31% in revenue compared to the previous year. The growth was significantly attributed to the acquisition of the Aker subsea business and robust international sales. The Production Systems division's performance underscores the impact of strategic acquisitions and international market expansion on Schlumberger's revenue growth. 2. **International Revenue Growth**: Schlumberger experienced a significant boost in international revenue, which grew by 18% to $7.056 billion. This growth was particularly notable in the Middle East, Saudi Arabia, the United Arab Emirates, and Egypt & East Mediterranean GeoUnits. The strong performance in international markets reflects Schlumberger's strategic focus on expanding its global footprint and leveraging its expertise in oilfield services. 3. **Digital & Integration Segment**: Although the Production Systems division made the most significant contribution, Schlumberger's Digital & Integration segment also played a crucial role. This segment saw a 4% sequential revenue increase, driven by higher uptake of cloud and AI platforms. The growing demand for digital solutions is likely contributing to Schlumberger's overall revenue growth. In conclusion, Schlumberger's 2024 revenue growth was predominantly fueled by the robust performance of its **Production Systems** division, bolstered by strategic acquisitions and strong international sales. The significant increase in international revenue and the growth of the Digital & Integration segment also contributed to the overall revenue expansion.