SLB, Announces

SLB Announces Fourth-Quarter and Full-Year 2025 Results, Increases Dividend and Commits to Return More Than $4 Billion to Shareholders in 2026

Published on 01/23/2026 at 13:43 | businesswireindia.com

Business Wire India
  • Fourth-quarter revenue of $9.75 billion increased 9% sequentially and 5% year on year
  • Fourth-quarter GAAP EPS of $0.55 increased 10% sequentially and decreased 29% year on year
  • Fourth-quarter EPS, excluding charges and credits, of $0.78 increased 13% sequentially and declined 15% year on year
  • Fourth-quarter net income attributable to SLB of $824 million increased 12% sequentially and decreased 25% year on year
  • Fourth-quarter adjusted EBITDA of $2.33 billion increased 13% sequentially and decreased 2% year on year
  • Fourth-quarter cash flow from operations was $3.01 billion and free cash flow was $2.29 billion
  • Board approved a 3.5% increase in quarterly cash dividend to $0.295 per share
  • Full-year revenue of $35.71 billion decreased 2% year on year
  • Full-year GAAP EPS of $2.35 decreased 24% year on year
  • Full-year EPS, excluding charges and credits, of $2.93 decreased 14% year on year
  • Full-year net income attributable to SLB of $3.37 billion decreased 24% year on year
  • Full-year adjusted EBITDA of $8.46 billion decreased 7% year on year
  • Full-year cash flow from operations was $6.49 billion and free cash flow was $4.11 billion, including $276 million of acquisition-related payments

 

SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260121043645/en/

 

 

The exterior of the SLB headquarters in Houston, Texas.

The exterior of the SLB headquarters in Houston, Texas.

 

Fourth-Quarter Results

 

  (Stated in millions, except per share amounts)
  Three Months Ended   Change
  Dec. 31,
2025		   Sept. 30,
2025		   Dec. 31,
2024		   Sequential   Year-on-year
Revenue

$9,745

  

$8,928

  

$9,284

  

9%

 

5%
Income before taxes - GAAP basis

$943

  

$1,000

  

$1,387

  

-6%

 

-32%
Income before taxes margin - GAAP basis

9.7%

  

11.2%

  

14.9%

  

-153 bps

 

-526 bps
Net income attributable to SLB - GAAP basis

$824

  

$739

  

$1,095

  

12%

 

-25%
Diluted EPS - GAAP basis

$0.55

  

$0.50

  

$0.77

  

10%

 

-29%
             

 

 

 
Adjusted EBITDA*

$2,331

  

$2,061

  

$2,382

  

13%

 

-2%
Adjusted EBITDA margin*

23.9%

  

23.1%

  

25.7%

  

83 bps

 

-175 bps
Pretax segment operating income*

$1,807

  

$1,626

  

$1,918

  

11%

 

-6%
Pretax segment operating margin*

18.5%

  

18.2%

  

20.7%

  

33 bps

 

-211 bps
Net income attributable to SLB, excluding charges & credits*

$1,179

  

$1,027

  

$1,311

  

15%

 

-10%
Diluted EPS, excluding charges & credits*

$0.78

  

$0.69

  

$0.92

  

13%

 

-15%
             

 

 

 
Revenue by Geography            

 

 

 
International

$7,453

  

$6,916

  

$7,483

  

8%

 

-
North America

2,212

  

1,930

  

1,752

  

15%

 

26%
Other

80

  

82

  

49

  

n/m

 

n/m
 

$9,745

  

$8,928

  

$9,284

  

9%

 

5%
                   
SLB acquired ChampionX during the third quarter of 2025. Fourth-quarter 2025 results reflect a full quarter of activity from the acquired ChampionX businesses, which contributed $879 million of revenue, $206 million of adjusted EBITDA and $155 million of pretax segment operating income. Third-quarter 2025 results reflect two months of activity from ChampionX businesses, which contributed $579 million of revenue, $139 million of adjusted EBITDA and $108 million of pretax segment operating income.
Excluding the impact of this acquisition, SLB's fourth-quarter 2025 global revenue increased 6% sequentially and declined 4% year on year; international fourth-quarter 2025 revenue increased 7% sequentially and declined 4% year on year; and North America fourth-quarter 2025 revenue increased 6% sequentially and declined 7% year on year.
 
*These are non-GAAP financial measures. See sections titled "Charges & Credits", "Divisions" and "Supplementary Information" for details.
n/m = not meaningful

 

  (Stated in millions)
  Three Months Ended   Change
  Dec. 31,
2025		   Sept. 30,
2025		   Dec. 31,
2024		   Sequential   Year-on-year
Revenue by Division                  
Digital

$825

  

$658

  

$705

  

25%

 

17%
Reservoir Performance

1,748

  

1,682

  

1,810

  

4%

 

-3%
Well Construction

2,949

  

2,967

  

3,267

  

-1%

 

-10%
Production Systems

4,078

  

3,474

  

3,127

  

17%

 

30%
All Other

445

  

397

  

582

  

12%

 

-23%
Eliminations

(300)

  

(250)

  

(207)

  

n/m

 

n/m
 

$9,745

  

$8,928

  

$9,284

  

9%

 

5%
             

 

 

 
Pretax segment operating income            

 

 

 
Digital

$280

  

$187

  

$242

  

50%

 

16%
Reservoir Performance

342

  

312

  

370

  

10%

 

-8%
Well Construction

550

  

558

  

681

  

-1%

 

-19%
Production Systems

664

  

559

  

509

  

19%

 

30%
All Other

85

  

96

  

187

  

-12%

 

-55%
Eliminations

(114)

  

(86)

  

(71)

  

n/m

 

n/m
 

$1,807

  

$1,626

  

$1,918

  

11%

 

-6%
                   
Pretax segment operating margin                  
Digital

34.0%

  

28.4%

  

34.4%

  

557 bps

 

-39 bps
Reservoir Performance

19.6%

  

18.5%

  

20.5%

  

105 bps

 

-89 bps
Well Construction

18.7%

  

18.8%

  

20.8%

  

-16 bps

 

-219 bps
Production Systems

16.3%

  

16.1%

  

16.3%

  

20 bps

 

-1 bps
All Other

19.0%

  

24.2%

  

32.1%

  

-518 bps

 

-1,306 bps
Eliminations

n/m

  

n/m

  

n/m

  

n/m

 

n/m
 

18.5%

  

18.2%

  

20.7%

  

33 bps

 

-211 bps
             

 

 

 
Adjusted EBITDA            

 

 

 
Digital

$346

  

$215

  

$289

  

61%

 

20%
Reservoir Performance

456

  

422

  

468

  

8%

 

-3%
Well Construction

719

  

728
en | boerse | 68512304 |