How did Schlumberger's revenue composition change from 2022 to 2024?
3/30/2025 08:35pm
Schlumberger's revenue composition underwent significant changes from 2022 to 2024, reflecting strategic shifts and market dynamics:
1. **Growth in International Markets**: Schlumberger's international revenue grew by 18% to $7.056 billion, offsetting a 6% decline in North America to $1.598 billion. This indicates a strategic focus on expanding its global footprint, particularly in regions like the Middle East, Asia, Europe, and Africa.
2. **Divisional Growth**: The Production Systems division saw a notable increase of 28% in revenue, driven by the acquisition of the Aker subsea business and strong international sales. This suggests that acquisitions and strategic partnerships have been instrumental in boosting specific segments of the business.
3. **Digital Solutions**: Schlumberger's revenue from Digital & Integration increased by 7% year-over-year to $953 million. This reflects the company's emphasis on leveraging digital solutions to enhance its services and appeal to the energy sector.
4. **Market Segmentation**: Schlumberger's revenue by business for 2022 to 2024 is not available. However, the available data indicates that the company's revenue streams are diversified across different business segments, with a particular emphasis on Production Systems and international operations.
In summary, Schlumberger's revenue composition has evolved significantly from 2022 to 2024, with a notable increase in international revenue, robust growth in specific business divisions, and a continued focus on digital solutions. These changes underscore the company's strategic adaptability and its ability to capitalize on opportunities in diverse market segments.