SLB (SLB) posted firs🌱t-quarter earnings that were in line with analysts' expectations and r🍎evenue that slightly exceeded estimates, but North American sales declined.

The company form🧔erly known as Schlumberger early Friday reported ear🌞nings per share of $0.75 versus $0.63 in the year earlier period, while revenue was up 12.6% to $8.71 billion.

North American sales slipped 5.9% to $1.60 billion, while sales from its international operations increased 17.9% to $7.06 billion. Still, both fell about 3% from the fourth quarter, which CEO Olivier Le Peuch blamed on seasonal factors.

Le Peuch added that SLB’s international revenue got a big boost from the suꦅbsea bus꧙iness of its partner, Aker Solutions. He noted that excluding Aker’s contribution, international sales gained 10%.

Le Peuch added that because of the strong start to the ye🍷ar, along with the anticipated benefit of SLB’s acquisition of oilfield technology firm Champio💃nX, the company has targeted returning $3 billion to shareholders this year, and $4 billion in 2025.

SLB shares were down 1.8% at $50.04 at around 3:15 p.m. ET Friday.