Schlumberger Limited (NYSE:SLB) Q2 2024 Results Conference Call July 19, 2024 9:30 AM ET

Company Participants

James McDonald - SVP of IR & Industry Affairs
Olivier Le Peuch - CEO
Stephane Biguet - EVP & CFO

Conference Call Participants

James West - Evercore ISI
David Anderson - Barclays
Scott Gruber - Citigroup
Arun Jayaram - JPMorgan
Neil Mehta - Goldman Sachs
Dan Kutz - Morgan Stanley
Luke Lemoine - Piper Sandler
Saurabh Pant - Bank of America
Marc Bianchi - TD Cowen
Kurt Hallead - Benchmark

Operator

Thank you everyone for standing by. Welcome to the SLB Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to James R. McDonald, Senior President of Investor Relations and Industry Affairs. Please go ahead.

James McDonald

Thank you, Leah. Good morning, and welcome to the SLB second quarter 2024 earnings conference call. Today's call is being hosted from London following our 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'll 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. For more information, please refer to our latest 10-K filing and other SEC filings, which can be found on our website.

Our comments today also include non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures can be found in our second quarter press release, which is on our website. And finally, in conjunction with our proposed acquisition, SLB and ChampionX have filed materials with the SEC, including the registration statement with the proxy statement and prospectuses. These materials can be found on the SEC's website or from the parties' websites.

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

Olivier Le Peuch

Thank you, James. Ladies and gentlemen, thank you for joining us on the call.

This was a very strong second quarter for SLB, showcasing our ability to harness the ongoing growth cycle while driving efficiencies throughout our business. During today's call, I will cover three topics.

First, I will review our second quarter results. Then I will describe the dynamics of the cycle and how we are positioning our business for further growth and margin expansion. Finally, I will share our updated outlook for the full year and discuss our ongoing commitment to returns to shareholders. Stephane will then provide additional details on our financial results, and we will open the line for your questions.