Schlumberger (Schlumberger) Retained Earnings : $0 Mil (As of Mar. 2024)

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What is Schlumberger Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Schlumberger's retained earnings for the quarter that ended in Mar. 2024 was $0 Mil.

Schlumberger's quarterly retained earnings increased from Sep. 2023 ($12,742 Mil) to Dec. 2023 ($13,497 Mil) but then declined from Dec. 2023 ($13,497 Mil) to Mar. 2024 ($0 Mil).

Schlumberger's annual retained earnings increased from Dec. 2021 ($8,199 Mil) to Dec. 2022 ($10,719 Mil) and increased from Dec. 2022 ($10,719 Mil) to Dec. 2023 ($13,497 Mil).

Schlumberger Retained Earnings Historical Data

The historical data trend for Schlumberger's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schlumberger Retained Earnings Chart

Schlumberger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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18,751.00

7,018.00

8,199.00

10,719.00

13,497.00

Schlumberger Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															11,296.00	11,974.00	12,742.00	13,497.00	-

Schlumberger Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Schlumberger (NYSE:SLB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Schlumberger (Schlumberger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Schlumberger Ltd (NYSE:SLB) » Definitions » Retained Earnings

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SLBN:Mexico SLBp:UK 0SCL:UK SLB:France SCL:Germany SCL:Germany SCL:Germany SLBG34:Brazil SLB:Argentina

Address

5599 San Felipe, 17th Floor, Houston, TX, USA, 77056

Website

https://www.slb.com

SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

Executives

Mogharbel Khaled Al	officer: President Drilling Group	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Stephane Biguet	officer: VP Controller	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Gavin Rennick	officer: VP, Human Resources	5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
De La Chevardiere Patrick	director	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Demosthenis Pafitis	officer: Chief Technology Officer	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Kevin Fyfe	officer: VP Controller-Operations	5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Katharina Beumelburg	officer: Chief Sustainability Officer	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Howard Guild	officer: Chief Accounting Officer	C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77046
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Rakesh Jaggi	officer: Pres Digital & Integration	5599 SAN FELIPE, 17TH FL, HOUSTON TX 77056
Vijay Kasibhatla	officer: Director, M&A	5599 SAN FELIPE 17 FLOOR, HOUSTON TX 77056
Rajeev Sonthalia	officer: President, IPM	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Abdellah Merad	officer: VP Controller, Operations	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056
Dianne B. Ralston	officer: Chief Legal Officer	C/O TECHNIPFMC PLC, 11740 KATY FREEWAY, ENERGY TOWER 3, HOUSTON TX 77079
Ugo Prechner	officer: VP Controller	5599 SAN FELIPE, 17TH FLOOR, HOUSTON TX 77056