Schlumberger Limited: Shift Toward Natural Gas & Offshore Performance Driving Growth! 

In the second quarter of 2024, Schlumberger showcased a strong ability to capitalize on the ongoing growth cycle while driving efficiency throughout its operations. The company reported a 5% increase in revenue compared to the first quarter. Schlumberger’s adjusted EBITDA grew 11%, and its adjusted EBITDA margin expanded 142 basis points. Also, it generated $776 million of free cash flow. The promising results were driven by continued growth momentum in international markets. More than half of the company’s international GeoUnits posted the highest revenue quarter of the cycle.