SchlumbergerSLBEarnings & Financial Report
SLB, formerly known as Schlumberger, is an American multinational oilfield services company. Founded in France in 1926, the company is now incorporated as SLB N.V. in Willemstad, Curaçao, with principal executive offices in four cities: Paris, France; Houston, Texas, United States; London, UK; and The Hague, Netherlands. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
Revenue
$8.5B
Gross Profit
N/A
Operating Profit
$1.1B
Net Profit
$797.0M
Gross Margin
N/A
Operating Margin
12.5%
Net Margin
9.4%
YoY Growth
-2.5%
EPS
$0.58
Schlumberger Q1 FY2025 Financial Summary
Schlumberger reported revenue of $8.5B (down 2.5% YoY) for Q1 FY2025, with a net profit of $797.0M (down 25.4% YoY) (9.4% margin).
Key Financial Metrics
| Total Revenue | $8.5B |
|---|---|
| Net Profit | $797.0M |
| Gross Margin | N/A |
| Operating Margin | 12.5% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Schlumberger Q1 FY2025 revenue of $8.5B breaks down across 5 segments, led by Services at $5.4B (63.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $5.4B | 63.2% |
| Reservoir Performance | $1.7B | 20.0% |
| Digital Integration | $1.0B | 11.8% |
| Other | $287.0M | 3.4% |
| Eliminations Other | $131.0M | 1.5% |
Schlumberger Revenue by Segment — Quarterly Trend
Schlumberger revenue by segment across the last 4 reported quarters, showing how each business line (such as Services and Reservoir Performance) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Services | — | — | — | $5.3B |
| Reservoir Performance | — | $1.7B | $1.7B | $1.7B |
| Digital Integration | — | $1.0M | — | $995.0M |
| Other | — | $238.0M | — | $394.0M |
| Eliminations Other | — | $420.0M | $250.0M | $139.0M |
Schlumberger Annual Revenue by Year
Schlumberger annual revenue history includes year-by-year totals (for example, 2025 revenue was $35.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $35.7B |
| 2024 | $36.3B |
| 2023 | $33.1B |
| 2022 | $28.1B |
Schlumberger Quarterly Revenue & Net Profit History
Schlumberger results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $8.7B | +2.7% | $752.0M | 8.6% |
| Q4 FY2025 | $9.7B | +5.0% | $824.0M | 8.5% |
| Q3 FY2025 | $8.9B | -2.5% | $739.0M | 8.3% |
| Q2 FY2025 | $8.5B | -6.5% | $1.0B | 11.9% |
| Q1 FY2025 | $8.5B | -2.5% | $797.0M | 9.4% |
| Q4 FY2024 | $9.3B | +3.3% | $1.1B | 11.8% |
| Q3 FY2024 | $9.2B | +10.2% | $1.2B | 12.9% |
| Q2 FY2024 | $9.1B | +12.8% | $1.1B | 12.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.14B | $9.16B | $9.28B | $8.49B | $8.55B | $8.93B | $9.74B | $8.72B |
| YoY Growth | 12.8% | 10.2% | 3.3% | -2.5% | -6.5% | -2.5% | 5.0% | 2.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $49.37B | $49.77B | $48.94B | $49.00B | $48.77B | $55.09B | $54.87B | $19.34B |
| Liabilities | $27.09B | $27.05B | $26.59B | $28.25B | $27.22B | $28.17B | $27.58B | $-8.02B |
| Equity | $21.07B | $21.51B | $21.13B | $19.52B | $20.30B | $25.64B | $26.11B | $27.35B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.44B | $2.45B | $2.39B | $660.0M | $1.14B | $1.68B | $3.00B |