SLB (SLB) FY2024 results: revenue $36.3 billion, up 9.5% on the year
SLB Limited (SLB) reported revenue of $36.3 billion for fiscal 2024, the year ended 31 December 2024, up 9.5% on the year before. Net income was $4.5 billion, up 6.1%, and diluted earnings per share $3.11. The figures are the company's own, from the 10-K it filed with the SEC on 22 January 2025.
Revenue
$36.3 billion
+9.5% on the year
FY2017FY2024
Operating margin
n/a
19.7% a year earlier
FY2017FY2024
Net income
$4.5 billion
+6.1% on the year
FY2017FY2024
Diluted EPS
$3.11
+6.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,602
6,637
3,720
-0.5%
Capital expenditure
1,931
1,939
1,618
-0.4%
Free cash flow
4,671
4,698
2,102
-0.6%
Free cash flow margin
12.9%
14.2%
7.5%
Cash from investing
-3,145
-2,783
-1,388
Cash from financing
-2,772
-2,512
-2,382
Depreciation and amortisation
2,519
2,312
2,147
+9.0%
Share-based compensation
316
293
313
+7.8%
Dividends paid
1,533
1,317
848
+16.4%
Diluted shares, weighted
1,436m
1,443m
1,437m
-0.5%
Shares outstanding at period end
1,401m
1,427m
1,420m
-1.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
21,130
20,189
17,685
+4.7%
Non-controlling interest
1,220
1,170
304
+4.3%
Debt
12,074
11,965
12,226
+0.9%
Other liabilities
14,511
14,633
12,920
-0.8%
Total liabilities and equity
48,935
47,957
43,135
+2.0%
Fixed assets
7,359
7,240
6,607
+1.6%
Goodwill
14,593
14,084
12,982
+3.6%
Intangible assets
3,012
3,239
2,992
-7.0%
Investments
1,125
1,089
1,239
+3.3%
Cash and equivalents
3,544
2,900
1,655
+22.2%
Receivables
8,011
7,812
6,766
+2.5%
Inventory
4,375
4,387
3,999
-0.3%
Other assets
6,916
7,206
6,895
-4.0%
Total assets
48,935
47,957
43,135
+2.0%
10-K for the year ended 31 December 2024, filed 22 January 2025: the filing.