SLB Q1 2024 revenue rises 13% to $8.71 billion; targets $7 billion shareholder returns
SLB reported first-quarter 2024 revenue of $8.71 billion, up 13% from a year earlier, with GAAP diluted EPS of $0.74, up 14%. The company affirmed its full-year guidance for mid-teens EBITDA growth and set a target of returning $7 billion to shareholders over 2024 and 2025.
Key points
- Revenue $8.71 billion, up 13% year on year but down 3% sequentially; net income attributable to SLB $1.07 billion, up 14% year on year
- Diluted EPS $0.74 GAAP and $0.75 excluding charges and credits, up 14% and 19% year on year; adjusted EBITDA $2.06 billion, up 15%
- Shareholder return target of $3 billion in 2024 and $4 billion in 2025; quarterly dividend of $0.275 per share declared April 19, 2024, payable July 11, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 19, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.