Schlumberger Limited/NV Files 10-Q for Period Ending March 31, 2024
Ticker: SLB · Form: 10-Q · Filed: 2024-04-24T00:00:00.000Z
Sentiment: neutral
Topics: Schlumberger, SLB, 10-Q, Financial Report, Oil and Gas Services
TL;DR
<b>Schlumberger Limited/NV has filed its Q1 2024 10-Q report, detailing financial performance and instrument data.</b>
AI Summary
SCHLUMBERGER LIMITED/NV (SLB) filed a Quarterly Report (10-Q) with the SEC on April 24, 2024. Schlumberger Limited/NV filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to various financial instruments and segments, such as 'Four Point Zero Zero Percent Notes Due Two Thousand Twenty Five Member' and 'Other Countries Member'. Specific dates like 2023-12-31, 2024-03-31, and 2024-01-01 are referenced in relation to financial reporting periods and instrument maturities. The report details financial elements including 'Revenue From Contract With Customer Excluding Assessed Tax' and 'Cost Of Goods And Services Sold'. Key financial metrics and accounts such as 'Accounts Payable And Accrued Liabilities Current' and 'Retained Earnings Member' are present.
Why It Matters
For investors and stakeholders tracking SCHLUMBERGER LIMITED/NV, this filing contains several important signals. This filing provides a detailed look into Schlumberger's financial health and operational segments for the first quarter of 2024, crucial for investors assessing performance and future outlook. The inclusion of specific financial instruments and segment data allows for a granular analysis of revenue streams, costs, and debt obligations, aiding in valuation and risk assessment.
Risk Assessment
Risk Level: medium — SCHLUMBERGER LIMITED/NV shows moderate risk based on this filing. The filing is a standard 10-Q, which provides a routine update on financial performance and does not contain significant new information that would drastically alter the risk profile, but it does detail various financial instruments and segments that require careful analysis.
Analyst Insight
Investors should review the detailed financial statements and segment performance within the 10-Q to understand Schlumberger's current operational and financial standing.
Key Numbers
- 2024-03-31 — Period End Date (Reporting period)
- 2024-04-24 — Filing Date (Date of submission)
- 1231 — Fiscal Year End (Company's fiscal year end)
- Q1 — Quarter (Reporting quarter)
Key Players & Entities
- SCHLUMBERGER LIMITED/NV (company) — Filer name
- SLB (company) — Ticker symbol
- 20240331 (date) — Period of report
- 20240424 (date) — Filing date
- HOUSTON (location) — Business address city
- 7135132000 (phone) — Business phone number
- OIL, GAS FIELD SERVICES, NBC [1389] (industry) — Standard Industrial Classification
- 0000087347 (company) — Central Index Key
FAQ
When did SCHLUMBERGER LIMITED/NV file this 10-Q?
SCHLUMBERGER LIMITED/NV filed this Quarterly Report (10-Q) with the SEC on April 24, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by SCHLUMBERGER LIMITED/NV (SLB).
Where can I read the original 10-Q filing from SCHLUMBERGER LIMITED/NV?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by SCHLUMBERGER LIMITED/NV.
What are the key takeaways from SCHLUMBERGER LIMITED/NV's 10-Q?
SCHLUMBERGER LIMITED/NV filed this 10-Q on April 24, 2024. Key takeaways: Schlumberger Limited/NV filed a 10-Q report for the period ending March 31, 2024.. The filing includes data related to various financial instruments and segments, such as 'Four Point Zero Zero Percent Notes Due Two Thousand Twenty Five Member' and 'Other Countries Member'.. Specific dates like 2023-12-31, 2024-03-31, and 2024-01-01 are referenced in relation to financial reporting periods and instrument maturities..
Is SCHLUMBERGER LIMITED/NV a risky investment based on this filing?
Based on this 10-Q, SCHLUMBERGER LIMITED/NV presents a moderate-risk profile. The filing is a standard 10-Q, which provides a routine update on financial performance and does not contain significant new information that would drastically alter the risk profile, but it does detail various financial instruments and segments that require careful analysis.
What should investors do after reading SCHLUMBERGER LIMITED/NV's 10-Q?
Investors should review the detailed financial statements and segment performance within the 10-Q to understand Schlumberger's current operational and financial standing. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company must comply with various regulations in the oil and gas industry, which can impact operations and profitability.
- Market Volatility [high — market]: Fluctuations in oil and gas prices and demand can significantly affect Schlumberger's revenue and profitability.
- Operational Risks [medium — operational]: Risks related to the execution of complex projects, equipment failures, and supply chain disruptions can impact service delivery.
- Debt Obligations [medium — financial]: The company has various debt instruments, and managing these obligations is critical to financial stability.
Key Dates
- 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
From the Filing
0000950170-24-047250.txt : 20240424 0000950170-24-047250.hdr.sgml : 20240424 20240424081745 ACCESSION NUMBER: 0000950170-24-047250 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 64 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHLUMBERGER LIMITED/NV CENTRAL INDEX KEY: 0000087347 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 520684746 STATE OF INCORPORATION: P8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04601 FILM NUMBER: 24866800 BUSINESS ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7135132000 MAIL ADDRESS: STREET 1: 5599 SAN FELIPE STREET 2: 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD /NV/ DATE OF NAME CHANGE: 19951031 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER NV DATE OF NAME CHANGE: 19920804 FORMER COMPANY: FORMER CONFORMED NAME: SCHLUMBERGER LTD DATE OF NAME CHANGE: 19880812 10-Q 1 slb-20240331.htm 10-Q 10-Q --12-31 false 0000087347 Q1 SCHLUMBERGER LIMITED/NV P8 http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTax http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold 0000087347 slb:FourPointZeroZeroPercentNotesDueTwoThousandTwentyFiveMember 2023-12-31 0000087347 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0000087347 slb:OnePointThreeSevenFivePercentNotesDueTwoThousandTwentySixMember 2023-01-01 2023-12-31 0000087347 slb:EuroDenominatedGuaranteedNotesMember 2020-12-31 0000087347 us-gaap:CrossCurrencyInterestRateContractMember slb:ZeroPointTwoFivePercentNotesDueTwoThousandTwentySevenMember 2019-12-31 0000087347 us-gaap:RetainedEarningsMember 2023-03-31 0000087347 us-gaap:ForeignExchangeContractMember 2024-03-31 0000087347 us-gaap:CommonStockMember 2022-12-31 0000087347 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2024-01-01 2024-03-31 0000087347 slb:EliminationsOtherMember 2023-01-01 2023-03-31 0000087347 us-gaap:OperatingSegmentsMember slb:OtherCountriesMember 2024-01-01 2024-03-31 0000087347 srt:ScenarioForecastMember 2024-04-01 2024-06-30 0000087347 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0000087347 slb:OnePointZeroZeroGuaranteedNotesDueTwoThousandTwentySixMember 2023-01-01 2023-12-31 0000087347 slb:ThreePointNineZeroPercentSeniorNotesDueTwoThousandTwentyEightMember 2024-03-31 0000087347 us-gaap:OperatingSegmentsMember slb:OtherCountriesMember slb:ReservoirPerformanceMember 2024-01-01 2024-03-31 0000087347 us-gaap:OperatingSegmentsMember slb:OtherCountriesMember slb:EliminationsOtherMember 2023-01-01 2023-03-31 0000087347 slb:SevenPointZeroZeroPercentNotesDueTwoThousandThirtyEightMember 2024-03-31 0000087347 us-gaap:OperatingSegmentsMember slb:DigitalIntegrationMember 2024-01-01 2024-03-31 0000087347 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000087347 us-gaap:CrossCurrencyInterestRateContractMember slb:ZeroPointFiveZeroPercentNotesDueTwoThousandThirtyOneMember 2019-12-31 0000087347 u