Discontinued — last reported Q1 '24
Operating Income
Schlumberger Operating Income decreased by 2.0% to $1.65B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 18.5%, from $1.39B to $1.65B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $807.00M | $908.00M | $986.00M | $894.00M | $1.16B | $1.40B | $1.56B | $1.39B | $1.58B | $1.68B | $1.65B |
| QoQ Change | — | +12.5% | +8.6% | -9.3% | +29.6% | +20.8% | +11.2% | -10.7% | +13.7% | +6.5% | -2.0% |
| YoY Change | — | — | — | — | +43.6% | +54.2% | +57.9% | +55.6% | +36.4% | +20.2% | +18.5% |
Business Segments
| Segment | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Production Systems | $278.00M | $319.00M | $400.00M | $473.00M | $518.00M | $475.00M | $499.00M | $559.00M |
| Well Construction | $731.00M | $759.00M | $690.00M | $742.00M | $714.00M | $589.00M | $551.00M | $558.00M |
| Reservoir Performance | $306.00M | $344.00M | $339.00M | $376.00M | $367.00M | $282.00M | $314.00M | $312.00M |
| Digital Integration | $322.00M | $314.00M | $254.00M | $325.00M | $190.00M | $306.00M | $327.00M | $187.00M |
| All Other Segments | — | — | — | — | $188.00M | — | — | $96.00M |
| Eliminations Other | -$56.00M | -$53.00M | -$34.00M | -$62.00M | -$75.00M | -$96.00M | -$107.00M | -$86.00M |
| Total | $1.58B | $1.68B | $1.65B | — | — | — | — | — |
All Other Segments, Digital Integration, Eliminations Other, Production Systems, Reservoir Performance, Well Construction were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Schlumberger 's operating income?
- Schlumberger (SLB) reported operating income of $1.65B in Q1 2024.
- How has Schlumberger 's operating income changed year-over-year?
- Schlumberger 's operating income increased by 18.5% year-over-year, from $1.39B to $1.65B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.