Schlumberger Limited (NYSE:SLB) saw its shares skyrocket at Friday’s open, on the release of fourth-quarter and full-year financial figures.
The Houston-based Schlumberger reported full-year revenue of $32.9 billion, which was flat year-on-year, with international revenue growth of 7%. Full-year GAAP loss per share, including charges & credits, was $7.32.
SLB also said full-year EPS, excluding charges & credits, was $1.47, with full-year cash flow from operations of $5.4 billion and free cash flow of $2.7 billion.
Fourth-quarter revenue proved to be $8.2 billion, a decrease of 4% sequentially, with international revenue growth of 2%
Q4 GAAP EPS, including charges & credits, was $0.24, while fourth-quarter EPS, excluding charges & credits, was $0.39
Fourth-quarter cash flow from operations came in at $2.3 billion, while free cash flow was $1.5 billion.
What’s more, during the last quarter, Schlumberger’s board approved a quarterly cash dividend of $0.50 per share.
CEO Olivier Le Peuch said, "International revenue, excluding Cameron, grew 8% and was consistent with our expectations of high single-digit growth. Most of our international GeoMarkets benefited from these favorable market conditions, and almost half of them registered double-digit, year-on-year revenue growth driven by exploration activity, offshore operations, and acceleration of the industry’s digital transformation.
"Compared with the first half of 2019, international pretax segment operating margin improved by 100 basis points (bps) in the second half of the year—a firm step toward our strategic target of margin expansion."
SLB shares opened Friday up 76 cents, or 2%, to $39.54
