SLB Q3 revenue rises 10% to $9.16 billion; GAAP EPS up 6% to $0.83
SLB reported third-quarter 2024 revenue of $9.16 billion, up 10% from a year earlier, with GAAP diluted EPS of $0.83 and EPS excluding charges and credits of $0.89. The company said it accelerated its share repurchases and now expects to exceed its $3.0 billion shareholder return commitment for the year, while it expects a full-year adjusted EBITDA margin at or above 25%.
Key points
- Revenue of $9.16 billion was flat sequentially and up 10% year on year; GAAP diluted EPS was $0.83, up 6% year on year
- EPS excluding charges and credits was $0.89, up 14% year on year; adjusted EBITDA was $2.34 billion, up 13% year on year
- SLB repurchased 11.3 million shares for $501 million in the quarter and expects to exceed its $3.0 billion full-year shareholder return commitment
- Board approved a quarterly dividend of $0.275 per share, payable January 9, 2025, to holders of record on December 4, 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 October 18, 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.