The following is a summary of the Schlumberger Limited (SLB) Q4 2023 Earnings Call Transcript:

Financial Performance:

Schlumberger reported Q4 earnings per share of $0.86, an increase of $0.08 sequentially and $0.15 year on year.
Full year 2023 revenue was $33.1 million, an 18% increase from 2022.
Adjusted EBITDA margin for full-year 2023 was 24.5%, indicating an expansion of 430 basis points over this period on a similar revenue base.
The Q4 revenue of $8.99 billion increased 8% sequentially, largely due to the acquisition of Aker subsea business.
Cash flow from operations amounted to $3 billion, and free cash flow was $2.3 billion during Q4, resulting in full-year free cash flow of $4 billion.
Net debt was reduced by $1.4 billion during the quarter, totaling $8 billion.

Business Progress:

Schlumberger acquired Aker subsea business, which accounted for about 70% of the Q4 revenue increase.
For each division, digital and integration revenue was $1 billion, reservoir performance revenue was $1.7 million, construction revenue was $3.4 billion, and Production Systems revenue of $2.9 billion.
In 2024, the firm expects continued margin expansion, driven by sustained operating leverage, a favorable geographic mix, and pricing tailwinds.
Despite expected revenue growth, capital investments in 2024 are expected to remain the same as in 2023.
The company returned $2 billion to shareholders in the form of dividends and stock repurchases in 2023, and aims to return more than $2.5 billion to shareholders in 2024.