Edwyn
Over the five-year period from 2020 to 2024, SLB LIMITED/NV shows notable progress in its revenue and profitability metrics despite some anomalies in operating income data for the most recent year. Revenues increased from USD 23,601 million in 2020 to USD 36,289 million in 2024—a growth of over 50% overall. After a slight decline from 2020 to 2021 (a drop of about 3%), revenue rebounded strongly, with a roughly 22% increase in 2022 followed by nearly an 18% increase in 2023 and a further 10% increase in 2024. While gross profit figures were consistently zero throughout the period (suggesting potential reporting nuances or data availability issues), operating income improved steadily from USD 2,401 million in 2020 to USD 6,523 million in 2023, although the 2024 figure is not provided. The net income path is particularly instructive. A significant loss of USD 10,518 million in 2020 was reversed by a positive net income of USD 1,881 million in 2021, marking a substantial turnaround. This recovery continued with net income growing nearly 83% to USD 3,441 million in 2022, reaching USD 4,203 million in 2023, and further climbing to USD 4,461 million in 2024. Such marked improvements, especially the reversal from a deep loss to consistent profitability, suggest enhanced operational efficiency and resilience in market performance. Given SLB LIMITED/NV’s role in the oilfield services industry—a sector sensitive to commodity price fluctuations and capital expenditure cycles—the sustained revenue growth and improving profit margins indicate a strengthening financial position and a promising outlook under current market conditions.
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.