Schlumberger results for fourth-quarter and full-year 2020.
Schlumberger Limited (NYSE: SLB) reported results for the fourth-quarter and full-year 2020.
- Fourth-quarter worldwide revenue of $5.5 billion increased 5% sequentially
- Fourth-quarter GAAP EPS, including charges and credits, was $0.27
- Fourth-quarter EPS, excluding charges and credits, of $0.22 increased 37% sequentially
- Fourth-quarter cash flow from operations was $878 million and free cash flow was $554 million
- Quarterly cash dividend of $0.125 per share approved
Other Events
On December 31, 2020, Schlumberger closed the contribution to Liberty Oilfield Services Inc. (Liberty) of OneStim®, Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating, and Permian frac sand businesses, in exchange for a 37% equity interest in Liberty.
On January 21, 2021, Schlumberger’s Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on April 8, 2021 to stockholders of record on February 17, 2021.
Revenue by Geographical Area
| (Stated in millions) | ||||||
| Three Months Ended | Change | |||||
| Dec. 31, 2020 | Sept. 30, 2020 | Dec. 31, 2019 | Sequential | Year-on-year | ||
| North America | $1,167 | $1,034 | $2,339 | 13% | -50% | |
| Latin America | 969 | 828 | 1,142 | 17% | -15% | |
| Europe/CIS/Africa | 1,366 | 1,397 | 2,018 | -2% | -32% | |
| Middle East & Asia | 2,008 | 1,985 | 2,674 | 1% | -25% | |
| Other | 22 | 14 | 55 | n/m | n/m | |
| $5,532 | $5,258 | $8,228 | 5% | -33% | ||
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