Return on Equity (ROE)
since 2005
Calculation
Schlumberger Ltd., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to SLB1 | ÷ | Total SLB stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 21.11% | = | 100 | × | 4,461) | ÷ | 21,130) |
| Dec 31, 2023 | 20.82% | = | 100 | × | 4,203) | ÷ | 20,189) |
| Dec 31, 2022 | 19.46% | = | 100 | × | 3,441) | ÷ | 17,685) |
| Dec 31, 2021 | 12.54% | = | 100 | × | 1,881) | ÷ | 15,004) |
| Dec 31, 2020 | -87.13% | = | 100 | × | (10,518) | ÷ | 12,071) |
| Dec 31, 2019 | -42.66% | = | 100 | × | (10,137) | ÷ | 23,760) |
| Dec 31, 2018 | 5.91% | = | 100 | × | 2,138) | ÷ | 36,162) |
| Dec 31, 2017 | -4.09% | = | 100 | × | (1,505) | ÷ | 36,842) |
| Dec 31, 2016 | -4.11% | = | 100 | × | (1,687) | ÷ | 41,078) |
| Dec 31, 2015 | 5.81% | = | 100 | × | 2,072) | ÷ | 35,633) |
| Dec 31, 2014 | 14.37% | = | 100 | × | 5,438) | ÷ | 37,850) |
| Dec 31, 2013 | 17.06% | = | 100 | × | 6,732) | ÷ | 39,469) |
| Dec 31, 2012 | 15.80% | = | 100 | × | 5,490) | ÷ | 34,751) |
| Dec 31, 2011 | 15.98% | = | 100 | × | 4,997) | ÷ | 31,263) |
| Dec 31, 2010 | 13.66% | = | 100 | × | 4,267) | ÷ | 31,226) |
| Dec 31, 2009 | 16.39% | = | 100 | × | 3,134) | ÷ | 19,120) |
| Dec 31, 2008 | 32.23% | = | 100 | × | 5,435) | ÷ | 16,862) |
| Dec 31, 2007 | 34.80% | = | 100 | × | 5,177) | ÷ | 14,876) |
| Dec 31, 2006 | 35.60% | = | 100 | × | 3,710) | ÷ | 10,420) |
| Dec 31, 2005 | 29.07% | = | 100 | × | 2,207) | ÷ | 7,592) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data reveals significant fluctuations in the company's profitability and equity over the analyzed period. Net income attributable to the company shows a general upward trend from 2005 through 2013, peaking in 2013 at 6,732 million US dollars. Following this peak, there is a marked decline beginning in 2014, with net income turning negative in 2016 and again sharply declining in 2019 and 2020, reflecting losses exceeding 10 billion US dollars in those years. Recovery appears to commence from 2021 onward, with net income returning to positive territory and progressively increasing through 2024.
Stockholders’ equity exhibits steady growth from 2005 until approximately 2013, reaching 39,469 million US dollars, followed by a period of decline and volatility. There is a noticeable decrease in equity levels between 2013 and 2016, after which equity stabilizes and shows moderate recovery, reaching 21,130 million US dollars by 2024. Despite fluctuations, equity remains significantly above the levels observed at the beginning of the period.
The return on equity (ROE) mirrors the net income trend, indicating strong returns in the initial years, with values consistently above 30% until 2008, then gradually declining to a low point in 2015 and 2016 with negative returns below -4%. The ROE plunges dramatically in 2019 and 2020 to -42.66% and -87.13%, respectively, reflecting the substantial net losses reported. From 2021 forward, ROE improves considerably, returning to positive double digits and reaching over 21% in 2024, suggesting an improving operational efficiency and profitability relative to equity invested.
Overall, the data reflects a period of strong financial performance followed by significant challenges and losses during the mid-2010s to 2020, with a recovery phase apparent in the most recent years. The trends indicate a cyclic pattern influenced by external factors impacting profitability and equity, with recent improvements signaling potential stabilization and growth.
Comparison to Industry (Energy)
Schlumberger Ltd., ROE, long-term trends, comparison to industry (energy)
| Schlumberger Ltd. | Energy | |
|---|---|---|
| Dec 31, 2024 | 21.11% | 12.70% |
| Dec 31, 2023 | 20.82% | 16.59% |
| Dec 31, 2022 | 19.46% | 28.13% |
| Dec 31, 2021 | 12.54% | 13.12% |
| Dec 31, 2020 | -87.13% | -16.04% |
| Dec 31, 2019 | -42.66% | 3.18% |
| Dec 31, 2018 | 5.91% | 11.06% |
| Dec 31, 2017 | -4.09% | 6.57% |
| Dec 31, 2016 | -4.11% | 0.36% |
| Dec 31, 2015 | 5.81% | 2.49% |
| Dec 31, 2014 | 14.37% | 14.24% |
| Dec 31, 2013 | 17.06% | 16.56% |
| Dec 31, 2012 | 15.80% | 21.07% |
| Dec 31, 2011 | 15.98% | 22.48% |
| Dec 31, 2010 | 13.66% | 18.13% |
| Dec 31, 2009 | 16.39% | 12.99% |
| Dec 31, 2008 | 32.23% | 21.56% |
| Dec 31, 2007 | 34.80% | 25.12% |
| Dec 31, 2006 | 35.60% | 27.14% |
| Dec 31, 2005 | 29.07% | 28.59% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).