Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $23,601 | $22,929 | $28,091 | $33,135 | $36,289 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $2,401 | $3,365 | $5,011 | $6,523 | N/A |
| Net Income | -$10,518 | $1,881 | $3,441 | $4,203 | $4,461 |
Over the five-year period, revenue for SLB LIMITED/NV exhibited steady growth, increasing from USD 23,601 million in 2020 to USD 36,289 million in 2024. This represents a substantial upward trend, with notable accelerations from 2021 (USD 22,929 million) to 2023 (USD 33,135 million). Although gross profit is consistently reported as zero—potentially indicating differences in accounting practices or a focus on segment-specific metrics—the operating income shows a similar positive trend until 2023, rising from USD 2,401 million in 2020 to USD 6,523 million in 2023. However, the abrupt drop to zero operating income reported in 2024 raises questions about an accounting anomaly, a change in reporting standards, or potential extraordinary items that may have impacted the operational profitability that year. The net income performance tells an encouraging turnaround story. Following a significant loss of USD 10,518 million in 2020, the company rebounded to a profit of USD 1,881 million in 2021, followed by further gains reaching USD 4,461 million in 2024. The initial swing from a large net loss to profitability in the following year—exceeding a 100% improvement—suggests that the company may have successfully navigated market challenges or implemented operational efficiencies during that period. Given SLB LIMITED/NV’s role in the energy services and oilfield equipment industry—where market conditions can be volatile due to fluctuating commodity prices and economic cycles—the overall financial health appears to be on an improving trajectory. However, the anomaly in operating income during 2024 warrants closer examination to assess the sustainability of these earnings moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.