Analysis of Revenues
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
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Revenues as Reported
Schlumberger Ltd., income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Digital & Integration | |||||||||||
| Reservoir Performance | |||||||||||
| Well Construction | |||||||||||
| Production Systems | |||||||||||
| Eliminations & other | |||||||||||
| Revenue |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Overall Revenue Trend
- The total revenue exhibited a generally upward trajectory over the five-year period. It declined slightly from 23,601 million US dollars in 2020 to 22,929 million in 2021, followed by consistent growth to 28,091 million in 2022, 33,135 million in 2023, and reaching 36,289 million in 2024.
- Segment Analysis
-
- Digital & Integration
- Revenue in this segment demonstrated steady growth each year, increasing from 3,076 million US dollars in 2020 to 4,247 million in 2024. This reflects a compound improvement suggesting expanding demand or successful market penetration in digital and integration services.
- Reservoir Performance
- Initially, this segment showed a decline from 5,602 million in 2020 to 4,599 million in 2021. However, a recovery was evident with incremental increases from 5,553 million in 2022 to 6,561 million in 2023 and 7,177 million in 2024. This pattern indicates a rebound following a dip, possibly reflecting market or operational adjustments.
- Well Construction
- Well Construction revenue grew modestly from 8,605 million in 2020 to 8,706 million in 2021 but then experienced significant increases reaching 11,397 million in 2022 and peaking at 13,478 million in 2023. A slight decrease occurred in 2024 where revenue dropped to 13,357 million, though still substantially higher than earlier years. This suggests strong demand with some stabilization in the latest period.
- Production Systems
- This segment showed a steady increase throughout the period, beginning at 6,650 million in 2020 and rising progressively each year to 12,143 million in 2024. The consistent growth indicates expanding activity or improved performance in production system offerings.
- Eliminations & Other
- The eliminations and other category represented negative values, which increased in magnitude over the years, from -332 million in 2020 to -635 million in 2024. This trend suggests growing inter-segment eliminations or adjustments that reduce total reported consolidated revenue figures.
- Summary
- The company demonstrated robust recovery and growth in most segments after a slight dip period in 2021. Digital & Integration and Production Systems segments showed consistent growth rates across the five years. Reservoir Performance recovered after an initial decline, while Well Construction peaked in 2023 before a minor reduction in 2024. The negative adjustment from eliminations and other factors increased in absolute value but did not offset the overall positive revenue trend. Overall, the revenue trends indicate strengthening operational performance and market position across key business segments.