Schlumberger Ltd

SLB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$89.00	Hcpzn	Thfdjmsx

SLB Earnings: Third-Quarter Results Reflect Favorable Oil and Gas Activity in International Markets

Katherine Olexa

Oct 20, 2023

Narrow-moat SLB maintained its solid growth trajectory in the third quarter, with revenue increasing 11% year over year, the firm's ninth straight quarter of double-digit growth. Adjusted EBITDA margin was 24%, up more than 100 basis points both year over year and sequentially. We'll incorporate the firm's full financial and operating results shortly, but after this first look, we maintain our $56 fair value estimate.

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