SLB N.V. (SLB) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a period of growth, while the year-over-year increase continued an upward trend.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a period of growth, while the year-over-year increase continued an upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.1%
Change from the immediately preceding quarter.
Year-over-year
+12.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $8.1B | +19.6% |
| Sep 30, 2023 | $8.3B | +11.1% |
| Dec 31, 2023 | $9B | +14.1% |
| Mar 31, 2024 | $8.7B | +12.6% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, reversing the prior sequential gain. The year-over-year comparison showed a solid increase, maintaining the positive trajectory seen in recent quarters.
Quarterly comparison
Compared to the prior quarter, revenue decreased, ending a streak of sequential increases. Versus the same quarter one year earlier, revenue was higher, reflecting continued expansion from the prior year period.
What to watch
The sequential decline in revenue after several quarters of growth may warrant attention in the next filing.