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SLB: Q3 adjusted EPS up 24%

(CercleFinance.com) - SLB has reported Q3 2023 sales of $8.
31bn, up 11% y-o-y. NB: pmt -1.7%.

The oil equipment multinational reported adjusted EBITDA that rose 18% to $2.08bn, and adjusted net income of $1.12bn, up 24% y-o-y. Finally, adjusted EPS came to $0.78 (+24%).

SLB benefited from favourable momentum in almost all its divisions, with +14% for Well Construction, +42% for Production Systems, +41% for Reservoir Performance and +3% for Digital & Integration.

All geographical regions also reported growth, with +12% y-o-y for international sales in Q3 and +6% in North America.


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