ND. thank you, cover and gentlemen, my results fourth remarks, our I a review joining today. call of and you In quarter quick Ladies us achievements. share our this will on the outlook with prepared will Thank for your some the on I year the financial Stephane Then detail follow then full we thoughts year. on more will open full for provide our XXXX and will results questions. for
augmented and further by both by was growth in sustained through characterized delivering East the activity and expansion, momentum the revenue we margin sales growth year-end in offshore growth begin, and quarter, quarter strong Digital. To year-over-year. fourth sequentially robust very was The and Middle strong
and earnings revenue and outstanding. our was fourth ended expansion and international North was Growth performance America growth in quarter areas. all We with in again operational, commercial the broad-based and sequential margin once
topped revenue the more four in than quarterly first markets, years. for $X million time international the In
and has in visibly continued digital international Service pricing, growth revenue rig positively. technology trough cycle outpaced new XXXX. growth to since trend Additionally, the our the adoption international rate count all
North broadly the moderated. in Looking the year, twice time, the North in the same first America significantly half of to of growth XX% rate growing of growth half second the almost At year, compared accelerated, over the of America. excess of the pace international
start clearly are growth. phase which growth new the increasingly witnessing by international in of be of a We cycle, -- driven will resilient the
This market year-end. lower-than-usual at flow led dynamic to a performance cash
further the quarter revenue we and the debt However, helped at quarter Overall, target. fourth EPS, with and surpass year levels segment closed revised us and net seven during our operating income highest margins below we year this closed full pre-tax our all reduced leverage results years. guidance in the
upcycle full that multiyear our a we to few the minutes year, investment what was the SLB. second providing industry It year further of would sector, reflect to is and evidence to marked achieved. XXXX of outperformance pivotal I underway. for for the energy the on Switching for momentum like consecutive and take
macro underlying Energy energy, announced Transformation firmly the chapter our in that Gas and SLB sustainability company. future identity, This everything new Technology Systems. shape and Oil do new New of a Digital opened will Decarbonization, the help benefit trends to embedded we for & Innovation, the positioned We with Industrial brand the from
contract operational service premier. increased quality consistently our and integrated customers, and leading adoption pricing higher executed safety We leadership differentiation, technology achieving best awards, advanced We our and more on for our technology performance record. to
more expanded expanded margins Divisions, well by by construction, XXX pre-tax In than led which we points. more points. our Core than basis XXX was This margins basis by operating
We new also solutions emissions. and operational products, lower that launched service and efficiency increase
in this of have press You today’s seen many release. examples
growth Solutions to fueled and with joint subsea. expansion and strengthen geographic position area And Aker every growth portfolio future Technology year. throughout announced Access and in every Transition Portfolio continue and Gyrodata Technology for venture of returns the and acquisition with for Our the have for division the we margin and our resilience Fit-for-Basin, Core
Integration In XX% the is growth XXX SaaS We margins DELFI with Digital, INNOVATION current of pre-tax we points. had the tech customers, strong and adoption revenue users growth contributed with positive combined more DELFI solution These in year platform accelerating. than Digital operating digital and higher XXX than new in ended basis than our more by the our AI doubled. Exploration under to more revenue, Factori Data, APS and than more expanding & Divisions, sales,
build as our beyond such oil We adjacent business, and management. operation space expansion opportunities for continue to carbon data gas, and Digital both in
we and that CCS focused, portfolio offers new And for opportunity milestones, progress Energy, in growth development established made that new have investments yet comprehensive future. promising in technology New a the partnership particularly created
this R&D and comprise power Geothermal Carbon emissions. areas, and Minerals and industrial generation Critical to Today, technology we portfolio to accelerating our efforts Storage, business Solutions, Energy are hard Geoenergy, solutions that Stationary address abate five and Hydrogen, develop
are Scopes and ranked of engines agencies. for sustainability, growth are solid our on in our four we emissions see, to X continue In our across in you of positioned intensity and the reduced the companies and success. industry carbon As three highest own rating X, market we footing one be
customers SEES, an gas We gas greenhouse oil to first methane our End-to-End made advanced other Solution significant launching industry also Emission SLB address and help emissions. and or
by commitment a our month. resumed our this returns. Finally, increased share buyback in to increase XX% today We followed XX% demonstrated further our dividend and we XXXX, program for shareholders, April announced our by spare
peer-leading our strengths SLB how successfully These shareholders. outcomes and to portfolio for the our and achievements leveraged have a remarkable we our breadth of customers highlight speaks year for deliver to and competitive
the for ahead. for significant to team entire momentum my year forward would outstanding to like an extend SLB into look year. to thanks carrying the and success I delivering primed are We
that carbon XXXX the to both low remain against backdrop Moving fundamentals and compelling resource. the macro, for and of oil we market energy gas enter
that barrels reach day. productivity IEA regions, certain and parallel, XXX demand will for certain by per million markets The production oil concerns most regions, remain release North will despite end slowdown gas notably remains modest supplied forecast First, oil in economic growth approximately demand offset tightly to grow in barrels the gas increase resilient. by declines potential In million in and America. and of SPR X.X with well
is resulting new a of around sense there of is investment capacity greater This in and expansion diversity in Second, security. urgency energy supply.
You XX projects will just see reflected agreements this in number ago. sanctions, of and supply of pace at return gas the exploration, the the new all unforeseen signed months offshore
support and by everything, operator at digital And and are secular price Underpinning in remained by commodity carbon of digital driven and increased policy set durable spending the New Energy globally. levels technology initiatives for cloud third, trends significant investments government supportive low accelerate, to in on favorable AI, investment. advancement decarbonization
increase and production U.S. in spending XXXX. continue. to the spending land presence, U.S. In short-cycle North be a are increase Gulf to America, spending of well Mexico, in expected we is growth strong the companies, have high exceptionally uplift plateau. majors, drilling to key and we strong support In where remain growth activity in strong an target the Public expected teens of basins to up a to spending rig increase. particularly restrained inventory build expect significant Capital expected as counts approach more is potentially year
while we Latin more are markets a and investments, poised America projects expect international, gas. levels in and growth expansion offshore East geographically, with broadly, the various upstream to gas record for in of projects ramp-up Middle Middle capacity in In Turning and sanctioned, of a barrels strong in East, the Offshore new tiebacks more are will through deliver and FID’s million to is to strengthen and as continue development X per combined designed and XXXX. expected mobilize production contract. Russian all activity day to increment new activity
Russia, multiple development a spending Core, Excluding internationally multiyear driver is Digital activity is projects, will be and customer’s expansion key of cycle. The of paths Energy. and for the capacity growth long-cycle the SLB gas expected to mid-teens. of increase resilient very oil resurgence New favorable duration this strong combination for This deepwater offshore outlook in with capital in
full growth our step-up offshore to supported in revenue is international by augment a XXXX, which grow year in of will On established the compared in basis, momentum, ambition and North America. XX% excess to
in mid-XXs will EBITDA growth driven adjusted further year-on-year by result, a expansion. margin be As the
in is this Russia, we specifically, More excluding the decline which high-teens, to year. in international markets, foresee the growth set
be anticipate and offshore Africa. activity and particularly growth in in and America, markets, in America higher highest the to pricing. about in XX% East land realized we drilling supported offshore growth expect We the North Middle Latin strength, rates by
year by internationally. expansion be margin further improvements technology leverage, Full operating and adoption driven will positive enhanced dynamics, from increased pricing mainly our
during Let this combined unfolding. the first how we year activity typical seasonality anticipate Directionally, quarter, of with digital the year-end begin -- product we pattern with absence and the and beginning effect of a me of share sales. you see
Russia year-on-year will some quarter reflect of first the Additionally, activity decline. impact
acceleration the further dynamics followed be year of typical international second particularly set in the markets. in will of second trajectory support full growth the we rebound favorable described and by half the to year, of margin pattern a growth quarter and activity the for combined and have expansion. ambition earlier in the This I This
reopening the fast-tracking year. any of restriction the easing an expected earlier globally internationally. second acceleration the half could In trends of activity of over short-cycle This in to could FID further than the exports inflationary further China, addition, Russia and and impacts of beneficial on lead present upside an of
I turn the Stephane. to over call will now
