Schlumberger Limited (SLB) Q3 2022 Earnings Call Transcript

Schlumberger Limited (NYSE:SLB) Q3 2022 Earnings Conference Call October 21, 2022 9:30 AM ET

Company Participants

Ndubuisi Maduemezia - Vice President, Investor Relations

Olivier Le Peuch - Chief Executive Officer

Stephane Biguet - Chief Financial Officer

Conference Call Participants

James West - Evercore ISI

David Anderson - Barclays

Chase Mulvehill - Bank of America

Arun Jayaram - JPMorgan

Neil Mehta - Goldman Sachs

Scott Gruber - Citigroup

Roger Read - Wells Fargo

Luke Lemoine - Piper Sandler

UPDATED TRANSCRIPT PROVIDED BY THE COMPANY

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Schlumberger Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to the Vice President of Investor Relations, Nd Maduemezia. Please go ahead.

Ndubuisi Maduemezia

Thank you, Leah. Good morning, everyone and welcome to the Schlumberger Limited third quarter 2022 earnings conference call. Today’s call is being hosted from Houston, following the Schlumberger Limited Board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer.

Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. I therefore refer you to our latest 10-K filing and our other SEC filings. Our comments today may also include non-GAAP financial measures. Additional details and reconciliation to the most directly comparable GAAP financial measures can be found in our third quarter press release, which is on our website.

With that, I will turn the call over to Olivier.

Olivier Le Peuch

Thank you, ND. Good morning, ladies and gentlemen. Thank you for joining us on the call. In my prepared remarks today, I will cover three topics, starting with our third quarter results and our latest view of the macro environment. Thereafter, I will conclude with our outlook for the remainder of this year.

The second half is developing to be one of the most exciting times for the company in the recent past. We started with solid results led by the international market and we continued to execute at a very high level, delivering another quarter of double-digit revenue growth with earnings per share and EBITDA at the high levels since 2015.