SLB Latest Report

Performance Review

Schlumberger (SLB) reported total operating revenues of $9.284 billion as of December 31, 2024, up 3.05% from $8.99 billion as of December 31, 2023. This growth indicates the company's ability to maintain a steady growth trend in operating revenues, albeit with a relatively small increase.

Key Data in the Financial Report

1. The growth in total operating revenues is mainly attributed to the recovery of global energy demand, especially in the context of economic recovery and rising energy prices.

2. The company's expansion in new markets or new business areas may have supported revenue growth, particularly in digital and sustainable energy solutions.

3. Schlumberger performed well in cost control, with an increase in sales costs but an improvement in gross profit indicating an improvement in operating efficiency.

4. The company's ability to maintain revenue growth in a competitive market environment is attributed to its technological advantages and stable market share.

Peer Comparison

1. Industry-wide analysis: The overall oil and gas industry experienced a certain degree of recovery in 2024, with many companies reporting growth in operating revenues, mainly benefiting from rising oil prices and increased global demand. The intensified competition within the industry requires companies to innovate and optimize services to maintain their market share.

2. Peer evaluation analysis: Compared to other companies in the industry, Schlumberger's total operating revenues grew relatively modestly. Other competitors may have achieved higher growth rates through mergers and acquisitions, technological innovation, or market expansion. It is necessary to pay attention to Schlumberger's market positioning and competition strategy to assess its long-term growth potential.

Summary

Schlumberger's operating revenues remained on the rise in 2024, demonstrating its stability in the market and ability to cope with industry fluctuations. Although the increase was relatively small, the company's efforts in business expansion and cost control have laid a foundation for future growth. The overall recovery of the industry provides a good external environment for the company, but it needs to be vigilant about the fierce competition from its competitors.

Opportunities

1. Continued global energy demand growth provides Schlumberger with opportunities to expand and enhance its services.

2. Through further digital transformation, Schlumberger can improve operational efficiency and tap new revenue sources.

3. The continued growth of international markets, particularly in the Middle East and Asia, offers the company opportunities to expand its business.

Risks

1. Intensified competition may lead to a slowdown in revenue growth, and it is necessary to pay close attention to the dynamics of competitors.

2. Uncertainty in the global oil and gas industry's supply and demand may affect the company's long-term performance.

3. While digital transformation helps improve efficiency, failure to implement it effectively may affect the company's overall competitiveness.