Edwyn
Over the past five years, SCHLUMBERGER LIMITED/NV has experienced notable revenue growth and a significant turnaround in net income. In 2020, the company reported revenue of USD 23,601 million with a substantial net loss of USD 10,518 million. By 2021, revenue slightly declined to USD 22,929 million but net income rebounded to a positive USD 1,881 million—a dramatic swing of over 200% from the previous year. The upward trend continued in 2022 as revenue climbed to USD 28,091 million, accompanied by a net income of USD 3,441 million. Revenue further increased to USD 33,135 million in 2023 with net income reaching USD 4,203 million, suggesting solid growth likely driven by recovering market conditions and improved operational efficiencies in an industry known for its cyclical nature. Operating income trended upward from USD 2,401 million in 2020, peaking at USD 6,523 million in 2023, although the data for 2024 reports an operating income of zero, which might indicate a reporting gap or an anomaly in the financial disclosure. Despite this irregularity, net income improved modestly to USD 4,461 million in 2024. It’s important to note that gross profit is consistently reported as zero throughout the period, limiting insights into cost of goods sold trends. Overall, the company’s financial performance appears increasingly robust with consistent revenue growth and a strong recovery in profitability following the significant losses in 2020. This data-driven performance, set against a backdrop of cyclical challenges in the oilfield services industry, suggests improved operational resilience and a cautious optimism towards long-term financial sustainability.
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.