SLB N.V. (SLB) 10-K Summary — Year Ended Dec 31, 2023
SLB N.V. filed its annual report for the period ended late 2023, reporting growth in revenue and operating cash flow. The company highlighted improvements in net debt position and free cash flow generation.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
SLB N.V. filed its annual report for the period ended late 2023, reporting growth in revenue and operating cash flow. The company highlighted improvements in net debt position and free cash flow generation.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$33.1B
Revenue reported for the fiscal year.
Operating income
$6.5B
Income from operations reported for the year.
Net income
$4.2B
Net income reported for the year.
Operating cash flow
$6.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $22.9B | n/a |
| Dec 31, 2022 | $28.1B | +22.5% |
| Dec 31, 2023 | $33.1B | +18.0% |
Business overview
SLB N.V. is a company that provides technology and services to the energy industry. Its business overview is described in Item 1 of the filing, covering operations and related risk factors in Item 1A. The filing also addresses cybersecurity matters in Item 1C.
Financial performance
Revenue increased compared to the prior period, and operating income rose accordingly. Net income and operating cash flow also showed improvement over the previous year.
Material risks
The filing identifies risk factors in Item 1A, which include uncertainties related to the company's operations and market conditions. No specific risk details beyond the section reference are provided in the supplied context.
Liquidity and capital
The company reduced its net debt position compared to the prior year, supported by strong cash flow from operations. Free cash flow increased, and the company allocated capital to dividends, stock repurchases, and capital expenditures.
What to watch
Monitor changes in working capital, as it was a significant use of cash in the prior period but improved in the current period.