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 EndedChange
Dec. 31, 2020Sept. 30, 2020Dec. 31, 2019SequentialYear-on-year
North America$1,167$1,034$2,33913%-50%
Latin America9698281,14217%-15%
Middle East & Asia2,0081,9852,6741%-25%
Certain prior period amounts have been reclassified to conform to the current period presentation. n/m = not meaningful

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