Summary
SLB Limited/NV (SLB) reported second quarter 2025 results with total revenue of $8.55 billion, a decrease from $9.14 billion in the prior year's second quarter. Net income attributable to SLB for the quarter was $1.01 billion, down from $1.11 billion in Q2 2024. Diluted earnings per share were $0.74, compared to $0.77 in the same period last year. For the first six months of 2025, revenue stood at $17.04 billion, a decline from $17.85 billion in the first half of 2024, with net income attributable to SLB at $1.81 billion, down from $2.18 billion in the prior year. A significant event subsequent to the quarter was the completion of the ChampionX acquisition on July 16, 2025, which is expected to enhance SLB's offerings in chemistry solutions and artificial lift systems. The company's financial performance in the current quarter was impacted by various charges and credits, including workforce reductions, impairment of an equity method investment, and merger and integration costs, partially offset by a gain on the sale of an APS project. Despite revenue declines, SLB maintains a constructive outlook for the second half of the year, driven by its diversified portfolio, strategic acquisitions, and focus on operational efficiencies.
Financial Highlights
45 data points| Revenue | $8.55B |
| R&D Expenses | $180.00M |
| Interest Expense | $142.00M |
| Net Income | $1.01B |
| EPS (Basic) | $0.75 |
| EPS (Diluted) | $0.74 |
| Shares Outstanding (Basic) | 1.35B |
| Shares Outstanding (Diluted) | 1.37B |
Key Highlights
- 1Total revenue for Q2 2025 was $8.55 billion, a 6.5% decrease year-over-year, while year-to-date revenue was $17.04 billion, down 4.5%.
- 2Net income attributable to SLB for Q2 2025 was $1.01 billion, a decrease from $1.11 billion in Q2 2024. Diluted EPS was $0.74, down from $0.77.
- 3The company completed the acquisition of ChampionX Corporation on July 16, 2025, which is expected to strengthen its position in the oilfield services market.
- 4Charges and credits in Q2 2025 included $69 million for impairment of an equity investment and $66 million for workforce reductions, partially offset by a $149 million gain on the sale of an APS project.
- 5Cash flow from operating activities for the first six months of 2025 was $1.80 billion, a slight increase from $1.76 billion in the same period of 2024.
- 6Free cash flow for the first six months of 2025 was $725 million, up from $554 million in the first six months of 2024.
- 7SLB repurchased approximately $2.3 billion of its common stock under accelerated share repurchase agreements during the first half of 2025.