Schlumberger ( (SLB) ) has released its Q3 earnings. Here is a breakdown of the information Schlumberger presented to its investors.
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SLB, formerly known as Schlumberger, is a leading global technology company that provides services and solutions for the oil and gas industry, specializing in reservoir characterization, drilling, production, and processing. The company operates in over 120 countries, offering a comprehensive range of products and services to the energy sector.
In its third-quarter 2025 earnings report, SLB announced a revenue of $8.93 billion, marking a 4% sequential increase but a 3% decline year-on-year. The company’s earnings per share (EPS) on a GAAP basis decreased significantly by 32% sequentially and 40% year-on-year to $0.50. Despite these declines, SLB’s acquisition of ChampionX contributed positively to its revenue and operational income.
Key financial highlights include a net income attributable to SLB of $739 million, a decrease of 27% sequentially and 38% year-on-year. The adjusted EBITDA remained flat sequentially at $2.06 billion, though it decreased 12% from the previous year. The acquisition of ChampionX added $579 million to the revenue, with notable contributions from the Production Systems and Digital divisions.
SLB’s strategic focus on digital transformation and production systems is evident, with the Digital division reporting an 11% sequential revenue growth. The company also emphasized its commitment to expanding its presence in the less cyclical production market, leveraging its recent acquisition to enhance its portfolio.
Looking ahead, SLB anticipates revenue growth in the fourth quarter, driven by international markets, digital advancements, and a full quarter of activity from ChampionX. The company remains optimistic about its position in the production and recovery market, aiming to support customers in optimizing their production and recovery solutions.