Subscribe to Pro or Enterprise plans to unlock this feature.
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights Schlumberger’s Revenue Breakdown, split between Product Sales and Services, reported on a quarterly basis, from Q1 2016 onwards.
Schlumberger Limited is the world’s premier technology and service provider to the oil industry. It designs, develops, and delivers technology that transforms how work is done in 120 countries during much of the oil and gas lifecycle. Together, the company develops incredible technology that allows everyone to have access to energy. It specializes in reservoir characterization, drilling, production, and processing, and has the industry’s most comprehensive product and service offering.
|Segment||Q4 2020||Q3 2021||Q4 2021||Contribution in Q4 2021|
(All figures in billions, except percentages)
The total revenue generated by the two segments of the company has been increasing with every passing quarter in the above data. It first increased from $5.53 billion in Q4 2020 to $5.85 billion in Q3 2021, witnessing a rise of 5.78%. The revenue then increased from $5.85 billion earned in Q3 2021 to $6.22 million earned in Q3 2021, marking an increment of 6.32% on a quarter-on-quarter. The year-on-year growth stood at 12.48%, increasing from Q4 2020, where the revenue generated was $5.53 billion, to Q4 2021 where the revenue generated by the company was $6.22 billion.
Schlumberger’s total revenue can be further bifurcated into the following segments:
The total revenue generated from this segment has been increasing quarter on quarter. The Product Sales segment of Schlumberger Ltd contributed 30.71% to the total revenue of the company in Q4 2021, amounting to $1.91 billion. The revenue increased from $1.83 billion in Q3 2021 to $1.91 billion in Q4 2021, marking a rise of 4.37% on a quarter-on-quarter basis. However, even though the revenue increased between the two quarters, there was a slight decrease in contribution to revenue mix, from 31.28% in Q3 2021 to 30.71% in Q4 2021. The year-on-year growth of revenue from this segment stood at 5.52%, rising from Q4 2020, where the revenue generated was $1.81 billion to Q4 2021, where the revenue generated was $1.91 billion. However, here also the contribution to the revenue mix decreased from 32.7% in Q4 2020 to 30.71% in Q4 2021 even after the increase in absolute revenue.
The total revenue generated from this segment also has been increasing quarter after quarter. The Services segment of Schlumberger Ltd contributed 69.29% to the total revenue of the company in Q4 2021, amounting to $4.31 billion. The revenue increased from $4.02 billion in Q3 2021 to $4.31 billion in Q4 2021, witnessing a rise of 7.21% on a quarter-on-quarter basis. There was also a slight increase in contribution to revenue mix, from 68.72% in Q3 2021 to 69.29% in Q4 2021. The year-on-year growth in revenue from this segment stood at 15.86%, rising from Q4 2020, where the revenue generated was $3.72 billion to $ Q4 2021, where the revenue generated was $4.31 billion. Similarly, there was a rise in the contribution of this segment to the revenue mix, increasing from 67.27% in Q4 2020 to 69.29% in Q4 2021.
Schlumberger is a technology business that works with clients to help them access energy by delivering cutting-edge digital solutions and deploying cutting-edge technologies to improve the global energy industry’s performance and sustainability. Schlumberger collaborates to develop technologies that improve everyone’s access to energy.
Schlumberger is divided into four divisions that operate in five separate Basins that are strategically located near key activity centers. Schlumberger’s technologies are combined and integrated in these divisions, boosting their capacity to support growing long-term growth potential in each of these market categories. The four divisions are as follows: Digital & Integration, Reservoir Performance, Well Construction and, Production Systems. Schlumberger’s stock is publicly listed on the NYSE under the ticker SLB.
Did you like Schlumberger’s Revenue Breakdown statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.