Schlumberger Announces Fourth-Quarter and Full-Year 2020 Results
Fourth-Quarter Results
Three Months Ended
$471
$374
$0.27
$309
$0.22
-33% These are non-GAAP financial measures. See sections titled Charges & Credits , Divisions , Geographical , and Supplemental Information for details.
n/m = not meaningful
Schlumberger CEO Olivier Le Peuch commented, “We concluded the year posting very strong fourth-quarter results, as we leveraged the industry recovery, which has now commenced. Fourth-quarter revenue grew 5% sequentially, driven by strong activity and solid execution both in North America and in the international markets. Despite seasonality, revenue grew sequentially in all four Divisions for the first time since the third quarter of 2019. I stand very proudly behind the performance of the entire Schlumberger team during the quarter, closing an exceptional year of operational resilience and performance for our customers.
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