Schlumberger Limited Unveils Q3 2024 Results: A New Era of Growth
On October 18, 2024, Schlumberger Limited (NYSE:SLB) hosted its highly anticipated Q3 2024 earnings conference call, shedding light on the company’s impressive performance and future prospects.
A Global Perspective
The call was led by James McDonald, Senior Vice President of Investor Relations and Industry Affairs, who welcomed participants from around the world. Joining him were Olivier Le Peuch, Chief Executive Officer, and Stephane Biguet, Chief Financial Officer, who shared their insights from New York, following the company’s Board meeting earlier that week.
Forward-Looking Statements
Before diving into the results, McDonald reminded participants that certain statements made during the call would be forward-looking, carrying inherent risks and uncertainties that could impact the company’s performance. He directed listeners to Schlumberger’s latest 10-K filing and other SEC filings for more information.
Non-GAAP Financial Measures
In addition, McDonald highlighted that the company’s comments would include non-GAAP financial measures. He encouraged listeners to review the third-quarter press release, available on the company’s website, for detailed reconciliations to the most directly comparable GAAP financial measures.
A Strong Quarter Ahead
With the formalities out of the way, the call proceeded with a series of insightful questions from top analysts, including James West of Evercore ISI, David Anderson of Barclays, and Scott Gruber of Citigroup, among others. The discussion delved into Schlumberger’s impressive Q3 performance, its strategic initiatives, and the company’s vision for the future.
Industry Insights
Throughout the call, Le Peuch, Biguet, and McDonald shared their expertise, offering valuable insights into the industry’s current landscape and Schlumberger’s position within it. They addressed topics such as market trends, operational efficiency, and the company’s commitment to innovation.
A Bright Future Ahead
As the call drew to a close, it was clear that Schlumberger Limited is poised for continued growth and success. With its strong Q3 performance and a solid strategy in place, the company is well-positioned to navigate the complexities of the industry and capitalize on emerging opportunities.
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