Schlumberger Announces First-Quarter 2021 Results

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Schlumberger Ltd. (SLB) Tops Q1 EPS by 2c, Revenues Beat

April 23, 2021 6:52 AM EDT

Schlumberger Ltd. (NYSE: SLB) reported Q1 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $5.22 billion versus the consensus estimate of $5.09 billion.

Worldwide revenue was $5.2 billionInternational revenue was $4.2 billion and North America revenue was $972 millionEPS was $0.21Cash flow from operations was $429 million and free cash flow was $159 millionBoard approved quarterly cash dividend of $0.125 per share

Schlumberger CEO Olivier Le Peuch commented, We started the year with conviction in our strategic direction and our resulting outlook for 2021. The combination of the promising first-quarter results... More