Earnings release
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Schlumberger Announces Second - Quarter 2021 Results Global revenue of $ 5.6 billion increased 8 % sequentially International revenue was $ 4.5 billion and North America revenue was $ 1.1 billion EPS of $ 0.30 increased 43 % sequentially ● Schlumberger Cash flow from operations was $ 1.2 billion and free cash flow was $ 869 million Board approved quarterly cash dividend of $ 0.125 per share PARIS , July 23 , 2021 — Schlumberger Limited ( NYSE : SLB ) today reported results for the second - quarter 2021 . ● Second - Quarter Results Revenue * Income ( loss ) before taxes - GAAP basis Net income ( loss ) - GAAP basis Diluted EPS ( loss per share ) - GAAP basis Adjusted EBITDA ** Adjusted EBITDA margin ** Pretax segment operating income ** Pretax segment operating margin ** Net income , excluding charges & credits ** Diluted EPS , excluding charges & credits ** Revenue by Geography International North America * Other Three Months Ended Jun . 30 , 2021 $ 5,634 $ 542 $ 431 $ 0.30 $ 1,198 21.3 % $ 807 14.3 % $ 431 $ 0.30 $ 4,511 1,083 40 $ 5,634 Mar. 31 , 2021 Jun . 30 , 2020 $ 5,223 $ 5,356 $ 386 $ ( 3,627 ) $ 299 $ ( 3,434 ) $ 0.21 $ ( 2.47 ) $ 1,049 20.1 % $ 664 12.7 % $ 299 $ 0.21 ( Stated in millions , except per share amounts ) Change $ 4,211 972 40 $ 5,223 $ 838 15.6 % $ 396 7.4 % $ 69 $ 0.05 $ 4,224 1,097 35 $ 5,356 Sequential 8 % 40 % 44 % 43 % 14 % 118 bps 22 % 162 bps 44 % 43 % 7 % 11 % n / m 8 % Year - on - year 5 % n / m n / m n / m 43 % 561 bps 104 % 694 bps 525 % 500 % 7 % -1 % n / m 5 % * Schlumberger divested certain businesses in North America during the fourth quarter of 2020. These businesses generated revenue of $ 159 million during the second quarter of 2020. Excluding the impact of these divestitures , global second - quarter 2021 revenue increased 8 % year - on - year . North America second - quarter 2021 revenue , excluding the impact of these divestitures , increased 15 % year - on - year . ** These are non - GAAP financial measures . See sections titled " Charges & Credits " , " Divisions " , and " Supplemental Information " for details . n / m = not meaningful 1