SLB · SLB

432 filings

SLB SEC Filings

SLB - 432 total filings

Filing record · 2016–202610-K1110-Q338-K144

Showing 1–50 of 432 filings

SLB Quarterly Report for Q3 Ended Sep 30, 2026

SLB Limited/NV (SLB) reported solid financial results for the third quarter and the first nine months of 2026. Total revenue for the third quarter reached $9.45 billion, a 5% increase year-over-year, driven by strong international activity and a recovery in the Middle East. For the first nine months of 2026, revenue grew 5% to $27.14 billion, although this growth was impacted by a 16% decline in Middle East revenue due to regional conflicts. Net income attributable to SLB for the third quarter was $735 million, or $0.49 per diluted share, compared to $739 million, or $0.50 per diluted share, in the prior year's third quarter. For the nine-month period, net income attributable to SLB was $2.27 billion, or $1.51 per diluted share, a decrease from $2.55 billion, or $1.80 per diluted share, in the same period of 2025. The company announced a proposed acquisition of Kelvion for approximately $3.4 billion, which is expected to strengthen its Data Center Solutions business.

Oct 28, 2026 8-K

SLB 8-K Report, Financial Results (Oct 23, 2026)

SLB Limited/NV (SLB) reported strong third-quarter 2026 results, with revenue reaching $9.45 billion, a 5% increase sequentially and a 6% increase year-on-year. This growth was driven by a broad recovery in the Middle East, robust activity in North America, and increased international deepwater projects. Despite a sequential decline in GAAP EPS to $0.49, adjusted EPS excluding charges and credits rose to $0.64, indicating operational improvements. The company highlighted significant sequential growth across its Production Systems, Well Construction, and Reservoir Performance divisions, reflecting increased activity across the exploration-to-production lifecycle. The Data Center Solutions business also continued its accelerated growth trajectory, demonstrating its increasing importance as an independent growth driver. Looking ahead, SLB remains optimistic about supportive market fundamentals and sees a strong outlook for 2027, driven by international expansion and continued momentum in its core and digital businesses.

Oct 23, 2026 8-K

SLB 8-K Report, Executive Changes (Oct 6, 2026)

SLB Limited (SLB) announced a significant addition to its Board of Directors with the election of Ms. Jing Ulrich, effective immediately. Ms. Ulrich's appointment is strategic, bringing a wealth of experience in investment banking, capital markets, and global financial markets to the company. Her prior roles include Vice Chairman of Investment Banking at JPMorgan Chase & Co. and various senior leadership positions within global banking and Asia Pacific markets. This infusion of expertise is expected to bolster the Board's capabilities in navigating complex financial landscapes and driving strategic growth. Furthermore, Ms. Ulrich's appointment to the Board's Audit Committee and Finance Committee will add valuable financial acumen to these critical oversight functions. Investors can view this as a positive development, indicating SLB's commitment to strengthening its governance and leveraging experienced leadership. Ms. Ulrich's extensive board experience with other prominent global companies further underscores her qualifications and potential contribution to SLB's strategic direction.

Oct 6, 2026 8-K

SLB 8-K Report, Regulation FD Disclosure (Aug 31, 2026)

On August 31, 2026, SLB (NYSE: SLB) announced a definitive agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies, from Apollo-managed funds (majority owner) and Triton-advised funds (minority holder). The consideration is approximately $3.4 billion in cash plus assumption of roughly $0.7 billion of debt, for a total transaction value of about 11x estimated 2026 EBITDA before synergies, or roughly 8.5x including expected run-rate synergies. The deal is framed as a push to expand SLB's Data Center Solutions business into thermal management, a segment Kelvion's management expects to be its largest and fastest-growing end market, with 2026 data center revenue of $1.2–1.3 billion out of total expected revenue of $2.3–2.4 billion. Management expects the acquisition to be accretive to earnings per share and free cash flow per share within the first 12 months after closing, and targets approximately $120 million of annual EBITDA synergies within three years. Pro forma, SLB and Kelvion are expected to generate more than $2 billion of data center revenue and about $300 million of adjusted EBITDA in 2026. SLB is targeting 2028 data center solutions revenue of $4.5–5 billion and adjusted EBITDA of $700–800 million. Closing is subject to customary conditions and regulatory approvals and is expected in the first half of 2027. SLB states it will maintain its investment-grade balance sheet with net debt-to-EBITDA within its through-cycle target of up to 1.5x, and reaffirmed more than $4 billion of 2026 shareholder returns through dividends and buybacks, with 2027 returns expected to be at least in line with 2026. Investors should note that the filing gives no detail on how the $3.4 billion cash outlay will be funded, the purchase price's implied multiple is only approximate, and the forward-looking targets carry execution and regulatory risk.

Aug 31, 2026 10-Q

SLB Quarterly Report for Q2 Ended Jun 30, 2026

SLB reported second-quarter 2026 revenue of $8.97 billion, up 5% year over year from $8.55 billion and up 3% sequentially from the first quarter. Growth was driven by the ChampionX acquisition (closed July 2025) and strength in Latin America, Europe & Africa, and Asia, which offset a meaningful drag from Middle East disruptions. Net income attributable to SLB fell to $786 million ($0.52 diluted EPS) from $1,014 million ($0.74) a year earlier, reflecting lower pretax income ($1,019 million vs. $1,285 million), higher cost of sales, $69 million of merger and integration charges, and lower interest & other income, which included a $149 million one-time APS gain in the prior-year period. Six-month revenue rose 4% to $17.7 billion, but excluding ChampionX, revenue declined 6%, largely due to a 12% drop in Middle East revenue. Cash generation was steady but thinner. Operating cash flow for the first six months was $1.85 billion, versus $1.80 billion a year earlier, and free cash flow was $693 million, versus $725 million. SLB returned capital through $1.10 billion of buybacks and $866 million of dividends, and it raised the quarterly dividend 3.5% to $0.295 per share. Net debt widened to $8.73 billion from $7.42 billion at year-end 2025, as the company issued $2.0 billion of senior notes in the second quarter and long-term debt rose to $11.14 billion. Management guides to approximately $2.5 billion of full-year 2026 capital investment and says $4.1 billion of cash and short-term investments plus $5.0 billion of undrawn committed facilities are sufficient for the next 12 months. Key watch items for investors are the duration and severity of the Middle East disruption, margin recovery in Reservoir Performance and Well Construction, and the trajectory of net debt as buybacks continue against a rising debt load.

Jul 29, 2026 8-K

SLB 8-K Report, Financial Results (Jul 24, 2026)

SLB reported second-quarter 2026 results that showed sequential improvement but continued year-on-year weakness, driven largely by the Middle East conflict. Revenue rose 3% sequentially to $8.97 billion but fell 5% year on year when excluding the ChampionX acquisition, which contributed $870 million. GAAP diluted EPS was $0.52, up 4% sequentially but down 30% year on year, and EPS excluding charges and credits was $0.55, down 26% year on year. Adjusted EBITDA margin was 21.2%, up 83 bps sequentially but down 284 bps year on year. Management highlighted broad sequential growth outside the Middle East, where revenue fell 13% sequentially, and a return to year-on-year revenue growth outside that region. Production Systems (up 7% sequentially) and Digital (up 9% sequentially, with 28% pretax margin) drove results. Data Center Solutions revenue grew 80% year on year in the quarter and 63% in the first half, and management targets exceeding a $1 billion annualized run rate by year-end 2026 and $2 billion by exiting 2027. Cash flow from operations was $1.36 billion and free cash flow was $716 million in the quarter. Net debt increased to $8.73 billion from $8.22 billion in the prior quarter, with long-term debt rising to $11.14 billion. SLB repurchased 12 million shares for $648 million and declared a quarterly dividend of $0.295 per share. Investors will be watching whether Middle East activity recovers and whether Data Center Solutions and offshore momentum can offset ongoing softness in Reservoir Performance and Well Construction.

Jul 24, 2026 8-K

SLB 8-K Report, Regulation FD Disclosure (Jun 10, 2026)

SLB filed a brief Form 8-K on June 10, 2026 under Item 7.01 (Regulation FD Disclosure) to announce its 2026 Digital Investor Day, to be held in New York on June 17, 2026. The filing contains no financial statements, earnings results, guidance changes, or material definitive agreements. Its substance is a press release, furnished as Exhibit 99, that describes the event agenda and the presentation topics. The event centers on SLB's Digital business, which the company is positioning as a mission-critical platform for AI-driven energy transformation. CEO Olivier Le Peuch is scheduled to speak at 9:00 a.m. ET on digital strategy and business outlook. CFO Stephane Biguet is scheduled to present at about 11:00 a.m. ET on the financial profile of the Digital business, the market opportunity, and SLB's 2030 digital ambitions. A live webcast, a Q&A session, and later replays and transcripts will be available on SLB's investor website. For investors, the key takeaway is that management intends to provide a more granular financial framework for the Digital segment, including its growth outlook and 2030 targets. Because the 8-K itself contains no quantified figures, the substance will only become clear once the presentations are published. The forward-looking statements caveat is standard and warns that actual results may differ materially from projections.

Jun 10, 2026 8-K

SLB 8-K Report, Corporate Update (May 12, 2026)

SLB Limited/NV (SLB) has filed an 8-K report detailing a significant debt issuance by its subsidiary, Schlumberger Investment S.A. The company successfully raised a total of $2.0 billion through the sale of senior notes. This issuance includes $500 million in 4.550% notes due 2031, $500 million in 4.800% notes due 2033, and $1.0 billion in 5.150% notes due 2036. These notes are fully and unconditionally guaranteed by the parent company, SLB Limited, providing an additional layer of security for investors. The debt was issued under a previously filed registration statement and was facilitated through an underwriting agreement with major financial institutions, including J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., and Standard Chartered Bank. The issuance, which occurred on May 7, 2026, underpins SLB's ongoing financial strategy and its ability to access capital markets for its operational and strategic needs. Investors should note the specific coupon rates and maturity dates for each tranche of notes.

May 12, 2026 10-Q

SLB Quarterly Report for Q1 Ended Mar 31, 2026

SLB Limited/NV (SLB) reported total revenue of $8.72 billion for the first quarter of 2026, a slight increase of 3% compared to $8.49 billion in the prior year period. However, excluding the impact of the ChampionX acquisition, revenue declined by 7% year-over-year due to significant disruptions in the Middle East. Net income attributable to SLB was $752 million, or $0.50 per diluted share, compared to $797 million, or $0.58 per diluted share, in the first quarter of 2025. This decline in profitability reflects the challenges posed by geopolitical events and their impact on operational activity, particularly in the Well Construction and Reservoir Performance divisions. The company generated $487 million in cash flow from operating activities, a decrease from $660 million in the prior year, impacted by higher inventory levels and a decrease in accounts payable. Despite a challenging operating environment, SLB continues to return capital to shareholders, with $426 million in dividends paid and $451 million used for share repurchases in the quarter, although the latter is a significant reduction from the $2.3 billion repurchased in the prior year period. The company ended the quarter with a solid liquidity position, emphasizing its ability to meet short-term obligations.

Apr 29, 2026 8-K

SLB 8-K Report, Financial Results (Apr 24, 2026)

SLB reported first-quarter 2026 results that were mixed: revenue of $8.72 billion rose 3% year on year, but profitability fell sharply. GAAP diluted EPS was $0.50 (down 14% YoY), EPS excluding charges and credits was $0.52 (down 28% YoY), and adjusted EBITDA of $1.77 billion declined 12% YoY, with the adjusted EBITDA margin contracting to 20.3% from 23.8%. Management attributed the weakness mainly to Middle East conflict disruptions, which hit Well Construction and Reservoir Performance hardest and forced demobilization in several countries, including force majeure in Qatar. Excluding the ChampionX acquisition, which contributed $838 million of revenue, underlying revenue fell 7% YoY. Cash flow from operations was only $487 million and free cash flow was negative $23 million, reflecting a $1.1 billion working capital outflow. Management sees the conflict as accelerating global supply rebalancing, and expects post-conflict liquid prices to stay above pre-conflict levels. It anticipates more investment in North American and Latin American short-cycle projects and deepwater offshore, and forecasts a broad-based upstream recovery in 2027 and 2028, provided the conflict does not trigger a prolonged economic slowdown. Capital returns remain a priority: SLB repurchased 9.2 million shares for $451 million in the quarter, declared a $0.295 quarterly dividend, and reaffirmed plans to return more than $4 billion to shareholders in 2026. Strategic growth initiatives include the Digital and Data Center Solutions businesses (Digital ARR of $1.02 billion, up 15%; Data Center Solutions revenue up 45%), the pending S&P Global Energy subsurface software acquisition, and the Envirex subsea acquisition by SLB OneSubsea. For investors, the key tension is between a resilient balance sheet and capital return program and near-term earnings and cash flow pressure from geopolitical disruption. Net debt improved to $8.2 billion from $7.4 billion at year-end, which is largely a function of FX effects, and full-year capital investment guidance of about $2.5 billion is unchanged.

Apr 24, 2026 8-K

SLB 8-K Report, Shareholder Vote Results (Apr 8, 2026)

SLB Limited/NV (SLB) filed an 8-K report on April 8, 2026, detailing the outcomes of its 2026 Annual General Meeting of Shareholders held on the same date. The meeting saw overwhelming shareholder support for all presented proposals, indicating strong alignment between management and the shareholder base. Key resolutions included the election of all nine director nominees, advisory approval of executive compensation, ratification of the company's 2025 financial statements and dividend declarations, ratification of PricewaterhouseCoopers LLP as the independent auditor for 2026, and approval of amendments to the 2017 SLB Omnibus Stock Incentive Plan. Of particular note, the executive compensation received strong advisory approval with approximately 95.2% of votes cast in favor. The financial statements and 2025 dividend declarations were approved with an exceptional 99.8% of votes cast. The appointment of the independent auditor and the stock incentive plan amendments also garnered significant approval rates of 92.8% and 97.6%, respectively. This broad shareholder endorsement across all agenda items suggests confidence in SLB's governance, financial reporting, and long-term incentive structures.

Apr 8, 2026 8-K

SLB 8-K Report, Regulation FD Disclosure (Mar 11, 2026)

SLB filed a Form 8-K on March 11, 2026, furnishing a press release (Exhibit 99) under Regulation FD (Item 7.01) to update investors on its Middle East operations and first-quarter outlook. The company reports that it has activated regional crisis response teams, suspended travel to and through the region, and begun demobilizing operations in a few countries at customers' request to protect personnel and facilities. SLB says these measures will continue until the environment stabilizes and that it will begin a phased resumption of full activity as conditions allow. From a financial standpoint, the key disclosure is that first-quarter revenue will be lower than expected and that additional costs will reduce diluted earnings per share by approximately $0.06 to $0.09 in the first quarter. SLB notes these figures could change given the fluid situation. The filing does not provide a full-year revision, updated guidance beyond Q1, or quantified revenue figures, so investors will need to watch for the Q1 earnings release and subsequent commentary for the scale of any longer-term impact. Management emphasized the resilience of its global business and its experience navigating prior geopolitical crises over a 100-year history. Because the disclosure is preliminary and the situation is described as dynamic, the near-term earnings impact and the timing of a return to normal Middle East activity remain uncertain.

Mar 11, 2026 8-K

SLB 8-K Report, Financial Results (Jan 23, 2026)

SLB reported fourth-quarter and full-year 2025 results that showed sequential recovery but continued year-over-year pressure. Q4 2025 revenue was $9.75 billion, up 9% sequentially and 5% year over year, and was the first sequential increase across all four geographies since Q2 2024. Q4 GAAP diluted EPS was $0.55 (down 29% YoY), while EPS excluding charges and credits was $0.78 (up 13% sequentially, down 15% YoY). Adjusted EBITDA was $2.33 billion (23.9% margin), up 13% sequentially but down 2% YoY. Much of the sequential and YoY revenue growth was supported by the ChampionX acquisition, which closed in Q3 2025 and contributed $879 million of Q4 revenue. Excluding ChampionX, Q4 global revenue rose 6% sequentially but fell 4% year over year. For full-year 2025, revenue fell 2% to $35.71 billion, GAAP EPS fell 24% to $2.35, and EPS excluding charges and credits fell 14% to $2.93. Adjusted EBITDA declined 7% to $8.46 billion. Cash generation remained solid, with cash flow from operations of $6.49 billion and free cash flow of $4.11 billion. Net debt was reduced to $7.42 billion from $7.41 billion at year-end 2024, which was essentially flat, and SLB returned about $4.0 billion to shareholders through $2.41 billion of buybacks (60 million shares) and $1.6 billion of dividends. Digital (ARR above $1 billion, up 15%) and Data Center Solutions (up 121%) were the main growth drivers. Management stated that headwinds in key regions are behind it and expects Middle East rig activity to increase in 2026. The Board raised the quarterly dividend 3.5% to $0.295 per share, and SLB committed to returning more than $4 billion to shareholders in 2026 through dividends and buybacks. Full-year 2026 capital investment is guided to about $2.5 billion. The release also notes that Saudi Arabia, Mexico and Sub-Saharan Africa were notable sources of 2025 revenue declines.

Jan 23, 2026 10-K

SLB Annual Report, Year Ended Dec 31, 2025

SLB Limited/NV (SLB) reported total revenue of $35.7 billion for the year ended December 31, 2025, a slight decrease of 2% from the previous year, impacted by lower commodity prices and geopolitical uncertainty. Despite these challenges, the company demonstrated resilience by accelerating its strategy, notably completing the acquisition of ChampionX for $4.9 billion in an all-stock transaction during the third quarter. This acquisition significantly bolstered the Production Systems division, enhancing SLB's position in the production and recovery market. Financially, SLB generated $6.5 billion in cash flow from operations and $4.1 billion in free cash flow, enabling the return of $4.0 billion to shareholders through dividends and share repurchases. The company also saw robust growth in its Digital and Data Center Solutions businesses, signaling strategic diversification. Looking ahead, SLB anticipates improved market conditions in key regions and remains committed to returning substantial capital to shareholders in 2026.

Jan 23, 2026 10-Q

SLB Quarterly Report for Q3 Ended Sep 30, 2025

SLB's third-quarter 2025 results show a company in transition. Revenue was $8.93 billion, down 2.5% year over year from $9.16 billion, and nine-month revenue fell 4% to $25.96 billion. Net income attributable to SLB dropped 55% in the quarter to $739 million ($0.50 diluted EPS, versus $0.83 a year earlier), and nine-month diluted EPS fell to $1.80 from $2.34. Management attributes the weakness to activity reductions in Saudi Arabia, Mexico and offshore markets, a subdued commodity price backdrop, and a sizable load of charges and credits: $546 million pretax in the first nine months, including $318 million in the third quarter alone, covering workforce reductions, equity-method impairments, and ChampionX acquisition costs. Sequentially, Q3 revenue rose 4%, but this was driven by two months of ChampionX contribution (about $579 million); excluding acquisitions and divestitures, revenue was roughly flat. The balance sheet changed materially. SLB closed the all-stock ChampionX acquisition on July 16, 2025, issuing 141 million shares (about $5.0 billion of consideration) and recording $2.3 billion of goodwill and $5.1 billion of net intangibles. Total assets rose to $55.1 billion from $48.9 billion, and shares outstanding increased to roughly 1.49 billion from 1.40 billion at year-end. Net debt widened to $9.2 billion from $7.4 billion at December 31, 2024, reflecting $2.4 billion of buybacks, $1.2 billion of dividends and $1.2 billion of capex and investment, partly offset by $3.5 billion of operating cash flow. Nine-month free cash flow fell to $1.8 billion from $2.4 billion. Management expects 2025 capital investments of about $2.4 billion and sees Q4 revenue growth driven by international markets, Digital, and a full quarter of ChampionX. For investors, the key questions are whether the ChampionX integration delivers the promised synergies as activity in key markets recovers, and whether free cash flow can sustain the combined dividend and buyback program while leverage rises. The filing also flags a concentration risk: the United States and Mexico each represent 11% of net receivables, and SLB has recently experienced payment delays from its primary Mexican customer, although management says these balances are not in dispute.

Oct 22, 2025 8-K

SLB 8-K Report, Financial Results (Oct 17, 2025)

SLB reported third-quarter 2025 revenue of $8.93 billion, up 4% sequentially but down 3% year on year, with GAAP diluted EPS of $0.50 (down 32% sequentially and 40% year on year) and EPS excluding charges and credits of $0.69 (down 7% sequentially and 22% year on year). Results include two months of contribution from the ChampionX acquisition, which closed July 16, 2025 and added $579 million of revenue, $139 million of adjusted EBITDA and $108 million of pretax segment operating income. Excluding ChampionX, global revenue fell 2% sequentially and 9% year on year, and adjusted EBITDA of $2.06 billion was flat sequentially but down 12% year on year, with adjusted EBITDA margin at 23.1%. Underlying trends were mixed. International revenue was roughly flat sequentially, with strength in parts of the Middle East and Asia offset by Saudi Arabia, Latin America and Ecuador disruption. North America revenue rose 17% reported, but the organic decline was about 7% sequentially, reflecting the Palliser APS divestiture and lower U.S. land drilling. Production Systems and Digital showed the strongest sequential growth, while Well Construction and Reservoir Performance were flat sequentially and down double digits year on year. Pretax segment operating margin compressed 255 bps year on year to 18.2%. Management guided to revenue growth in Q4 2025 driven by international markets, Digital and a full quarter of ChampionX, and reaffirmed full-year 2025 capital investment of about $2.4 billion. Cash generation and capital returns remained solid. Cash flow from operations was $1.68 billion and free cash flow was $1.10 billion, including $153 million of acquisition-related payments. Net debt improved to $9.18 billion from $9.95 billion at June 30, though it rose from $7.41 billion at year-end 2024 due to the ChampionX transaction. SLB repurchased $114 million of stock in the quarter and $2.41 billion year to date, and the board approved a quarterly dividend of $0.285 per share, payable January 8, 2026.

Oct 17, 2025 8-K

SLB 8-K Report, Executive Changes (Oct 15, 2025)

SLB Limited/NV (SLB) has filed an 8-K report on October 14, 2025, announcing a change in its Board of Directors. Effective October 12, 2025, Ms. Mamatha Chamarthi has resigned from her position on the Board. The company explicitly stated that her resignation is not due to any disagreements with the company, which is a common and important disclosure for investors. This departure represents a change in board composition, and while the company has indicated no disputes, investors may seek to understand the reasons behind such changes and the potential impact on board oversight and strategy. Further details on the ongoing composition and any future appointments to the board will be of interest.

Oct 15, 2025 8-K

SLB 8-K Report, Executive Changes (Oct 10, 2025)

SLB Limited/NV (SLB) has announced a significant addition to its Board of Directors with the immediate appointment of Ms. Mamatha Chamarthi, effective October 10, 2025. Ms. Chamarthi brings a wealth of experience in digital transformation, technology, and executive leadership from her roles at prominent companies such as The Goodyear Tire & Rubber Company and Stellantis N.V. Her appointment is expected to strengthen the Board's expertise, particularly in areas relevant to the company's ongoing innovation and technological advancements. In addition to her board appointment, SLB also formally adopted its Amended and Restated By-Laws. This update is a procedural step to align the company's governing documents with its recently changed name, following an amendment to its Articles of Incorporation on October 7, 2025. The By-Laws are effective immediately and reflect the company's current corporate structure and identity.

Oct 10, 2025 8-K

SLB 8-K Report, Shareholder Vote Results (Oct 7, 2025)

SLB Limited/NV (SLB) filed an 8-K report on October 7, 2025, announcing the results of its Special General Meeting of Shareholders held on the same day. The primary outcome of the meeting was the shareholder approval to amend the Company's Articles of Incorporation. This amendment officially changes the company's name from Schlumberger N.V. to “SLB N.V.”, and also allows for the use of "SLB Limited" and "SLB Ltd." in international business dealings and with foreign entities. This name change and updated naming convention reflect the company's strategic branding and operational flexibility in global markets. The proposal received overwhelming support, with approximately 82.15% of the outstanding and entitled shares voting in favor. The amendment to the Articles of Incorporation was executed and became effective on October 7, 2025, with the amended Articles of Incorporation filed as an exhibit to this report. Investors should note this change as it may impact how the company is referenced in future communications and public filings.

Oct 7, 2025 10-Q

SLB Quarterly Report for Q2 Ended Jun 30, 2025

SLB's Q2 2025 10-Q shows revenue of $8.55 billion, down 6% year over year from $9.14 billion, with six-month revenue of $17.04 billion (down 5%). Net income attributable to SLB fell 9% to $1.01 billion in the quarter, and diluted EPS was $0.74 versus $0.77. Results were pressured by activity reductions in Saudi Arabia, Mexico and key offshore markets, with Well Construction revenue down 12% over six months. Margins were partly protected by Digital & Integration and Production Systems, and quarter-over-quarter revenue rose 1%, with international up 2% sequentially. Cash generation and capital returns were the other focus. Operating cash flow was $1.80 billion for the first half, and free cash flow was $725 million versus $554 million a year earlier. SLB returned capital through $773 million in dividends and a $2.3 billion accelerated share repurchase, completed in April at an average price of $40.51. Net debt rose to $9.95 billion from $7.41 billion at year-end 2024, driven largely by buybacks and about $495 million of FX impact on net debt. Liquidity remained solid at $3.7 billion of cash and short-term investments plus $5.0 billion of undrawn committed facilities. The filing was made shortly after the July 16, 2025 closing of the all-stock ChampionX acquisition, which added roughly 141 million shares and is expected to strengthen SLB's production and recovery exposure. Investors should watch the sequential improvement in Digital & Integration and Production Systems margins, the Mexico receivables exposure (9% of net accounts receivable, with recent payment delays), and the planned 2025 capital investments of about $2.4 billion including ChampionX.

Jul 24, 2025 8-K

SLB 8-K Report, Financial Results (Jul 18, 2025)

SLB reported second-quarter 2025 results that were steady on a sequential basis but weaker year over year. Revenue was $8.55 billion, up 1% sequentially but down 6% from a year earlier. GAAP diluted EPS was $0.74, up 28% sequentially and down 4% year on year, while EPS excluding charges and credits was also $0.74, up 3% sequentially and down 13% year on year. Adjusted EBITDA reached $2.05 billion (24.0% margin), up 2% sequentially and down 10% year on year. Free cash flow was $622 million on cash flow from operations of $1.14 billion. Management characterized the environment as resilient but cautious. CEO Olivier Le Peuch pointed to fully supplied oil markets, OPEC+ supply releases, trade negotiations, and geopolitical conflicts, noting that customers have selectively adjusted activity, particularly in offshore deepwater. Production Systems was the standout, growing 3% sequentially and marking its 17th consecutive quarter of year-on-year growth. Well Construction was the weakest division, with revenue down 13% year on year and pretax margin compressing 315 bps. International revenue rose 2% sequentially, while North America fell 4%. Significant corporate events included the closing of the ChampionX acquisition on July 16, 2025, which SLB says will increase its exposure to the production and recovery market. SLB also sold its Palliser Block working interests in Alberta and declared a quarterly dividend of $0.285 per share. Management guided to full-year 2025 capital investment of about $2.4 billion, including ChampionX, and said it remains constructive on the second half assuming commodity prices stay range bound.

Jul 18, 2025 8-K

SLB 8-K Report, Acquisition Completed (Jul 16, 2025)

On July 16, 2025, SLB completed its all-stock acquisition of ChampionX Corporation under the Merger Agreement dated April 2, 2024. Each ChampionX share was exchanged for 0.735 shares of SLB common stock, with cash paid in lieu of fractional shares. Former ChampionX shareholders now own approximately 9% of SLB's outstanding common stock. The Merger Shares were registered on SLB's Form S-4 (File No. 333-278976), which the SEC declared effective on April 29, 2024. Strategically, SLB frames the deal as a move into production and recovery, a segment it describes as less cyclical and growing. The acquisition adds ChampionX's production chemicals, artificial lift, digital, and emissions technologies, along with its North American customer relationships. Management expects annual pretax synergies of approximately $400 million within three years of closing, through both revenue growth and cost savings. SLB also reiterated that it remains on track to return $4 billion to shareholders in 2025. For investors, the key considerations are dilution from the roughly 9% share issuance, the execution risk of integrating ChampionX and realizing the $400 million synergy target, and whether the production-focused business supports the capital-light, returns-focused strategy management has outlined. The filing itself provides no updated financial figures for the combined company, so investors should refer to SLB's periodic reports for pro forma results.

Jul 16, 2025 8-K

SLB 8-K Report, Corporate Update (Jul 15, 2025)

SLB Limited/NV (SLB) announced a significant development in its proposed acquisition of ChampionX Corporation. On July 15, 2025, the U.K. Competition and Markets Authority (CMA) granted its approval for the merger, which represents the final regulatory condition required for the transaction to proceed. This clearance paves the way for SLB and ChampionX to complete the all-stock acquisition on July 16, 2025, subject to the satisfaction of remaining customary closing conditions. Investors should note that while this regulatory hurdle has been cleared, the deal is not yet finalized. Both companies will continue to operate independently until the merger officially closes. The filing also reiterates a cautionary statement regarding forward-looking statements, highlighting potential risks and uncertainties that could impact the transaction's completion or future results, urging investors to consult detailed risk factors outlined in previous SEC filings.

Jul 15, 2025 8-K

SLB 8-K Report, Regulation FD Disclosure (Jun 24, 2025)

SLB's CEO Olivier Le Peuch, speaking at the J.P. Morgan Energy, Power & Renewables Conference on June 24, 2025, gave a second-quarter 2025 operational update that flagged a weaker activity mix and a modest downgrade to near-term profitability expectations. He cited elevated uncertainty across energy markets, including OPEC+ decisions, tariff negotiations, and geopolitical escalations. Activity has declined more than planned in Saudi Arabia, where several rigs were demobilized and Jafurah unconventional work paused pending new tender results, and short-cycle activity in Latin America remains soft. These declines were partly offset by growth in the Middle East and North Africa. Management still expects second-quarter revenue to be roughly flat sequentially, excluding any impact from conflict in the Persian Gulf. However, the unfavorable geographic mix is pressuring margins, so company-wide EBITDA in dollar terms is now expected to be flat sequentially, slightly below the prior guidance given on the first-quarter call. The pressure is concentrated in Well Construction, while Production Systems, Reservoir Performance, and Digital & Integration margins have held up. SLB reaffirmed its commitment to return at least $4 billion to shareholders in 2025. The update is largely a refinement of expectations rather than a change in strategy, but it signals softer short-cycle demand and Middle East exposure risk. Investors should look to the second-quarter earnings call, scheduled for a few weeks out, for updated second-half 2025 guidance. This filing is furnished under Item 7.01 and is not deemed filed for Exchange Act purposes.

Jun 24, 2025 8-K

SLB 8-K Report, Financial Results (Apr 25, 2025)

SLB reported first-quarter 2025 results that reflected a subdued start to the year. Revenue was $8.49 billion, down 3% year on year and 9% sequentially, with GAAP diluted EPS of $0.58 (down 22% YoY) and EPS excluding charges and credits of $0.72 (down 4% YoY). Adjusted EBITDA was $2.02 billion, down 2% YoY, but the adjusted EBITDA margin rose slightly to 23.8%, the second consecutive quarter of year-on-year margin improvement. Management cited a sharp slowdown in Mexico, a slow start in Saudi Arabia and offshore Africa, and a steep decline in Russia, offset by strength in Production Systems (revenue up 4%, pretax margin up 197 bps) and digital (digital revenue up 17% YoY). Cash generation was weaker on a free cash flow basis. Cash flow from operations was $660 million and free cash flow was $103 million, while net debt rose to $10.1 billion from $7.4 billion at year-end, reflected in a $2.3 billion accelerated share repurchase that was completed in April. Management reiterated a commitment to return at least $4 billion to shareholders in 2025 through dividends and buybacks, and said it will 'materially exceed' its target of returning more than 50% of free cash flow. The board declared a quarterly dividend of $0.285 per share. Investors should weigh the margin resilience and digital growth against the top-line decline, the increase in leverage, and the uncertainty flagged around tariffs, commodity prices, and upstream investment. The pending ChampionX acquisition, now expected to close in Q2 or early Q3 2025 after progress with the UK CMA, remains a key item to monitor.

Apr 25, 2025 10-Q

SLB Quarterly Report for Q1 Ended Mar 31, 2025

SLB LIMITED/NV (SLB) reported a decrease in revenue and net income for the first quarter of 2025 compared to the same period in 2024. Total revenue was $8.49 billion, down from $8.71 billion in Q1 2024, while net income attributable to SLB decreased to $797 million ($0.58 per diluted share) from $1.068 billion ($0.74 per diluted share) in the prior year. The company experienced a notable decline in its Well Construction segment, which saw revenue drop 12% year-over-year, largely due to reduced drilling activity in key regions like Mexico and Saudi Arabia. However, the Production Systems segment showed resilience with a 4% revenue increase, driven by strong demand in North America. The company also highlighted significant restructuring and merger-related charges impacting profitability in the current quarter. SLB demonstrated a strong commitment to returning capital to shareholders, notably with a substantial stock repurchase program amounting to $2.3 billion in Q1 2025, alongside a 3.6% increase in its quarterly dividend. Despite the revenue headwinds and increased charges, the company maintained a positive free cash flow of $103 million and believes its liquidity position is sufficient to meet future business requirements.

Apr 25, 2025 8-K

SLB 8-K Report, Executive Changes (Apr 8, 2025)

SLB Limited/NV (SLB) announced that Executive Vice President, Geographies, Khaled Al Mogharbel will step down from his executive role effective May 1, 2025, concluding a distinguished 30-year tenure with the company. This departure marks a leadership transition within a key operational segment of the company. Mr. Al Mogharbel's contributions to safety, technology, and customer focus have been acknowledged as having a significant and lasting impact on SLB. In connection with his departure, Mr. Al Mogharbel has entered into an agreement to serve as an Advisor to the CEO until May 1, 2028. This advisory role is designed to ensure an orderly transition of the Geographies organization and operations. The agreement includes standard restrictive covenants such as non-competition, non-solicitation, confidentiality, and non-disparagement. In return for his advisory services and these covenants, Mr. Al Mogharbel will receive a package including an annual cash payment, continued benefits, pension accruals, and a prorated 2025 cash incentive, with his existing long-term equity awards continuing to vest as scheduled.

Apr 8, 2025 8-K

SLB 8-K Report, Shareholder Vote Results (Apr 2, 2025)

This 8-K filing from SLB LIMITED/NV (SLB) reports on the outcomes of its 2025 Annual General Meeting of Shareholders, held on April 2, 2025. The meeting was a significant event where shareholders cast votes on key corporate matters, including the election of directors, executive compensation, approval of financial statements and past dividends, ratification of auditors, and amendments to a stock purchase plan. The overwhelming approval across all proposals indicates strong shareholder confidence in the current board and the company's financial reporting and governance practices. Key outcomes include the election of all nine director nominees and strong advisory approval for executive compensation (94.5%). Shareholders also overwhelmingly approved SLB's financial statements and 2024 dividend declarations (99.7%), ratified PricewaterhouseCoopers LLP as the 2025 independent auditors (92.4%), and approved amendments to the Discounted Stock Purchase Plan (99.5%). These results signal a stable and well-supported governance framework for SLB moving forward.

Apr 2, 2025 10-K

SLB Annual Report, Year Ended Dec 31, 2024

SLB LIMITED/NV (SLB) reported strong financial performance for the fiscal year ended December 31, 2024, demonstrating resilience and strategic growth. The company achieved a 10% year-over-year revenue increase to $36.3 billion and a 12% rise in pretax segment operating income, driven by robust international performance, particularly in the Middle East & Asia and Europe & Africa regions. Digital & Integration revenue saw a significant 10% uplift, propelled by a 20% surge in digital services, highlighting the success of its digital transformation initiatives, including the Lumi™ data and AI platform and the Delfi™ offering. The company generated $6.6 billion in cash flow from operations and $4.0 billion in free cash flow, allowing for substantial returns to shareholders, including a 3.6% increase in the quarterly dividend and a $2.3 billion accelerated share repurchase program. SLB is strategically positioned to capitalize on future energy demand growth, supported by its core businesses, expanding digital capabilities, and growing investments in New Energy sectors like decarbonization and critical minerals. The pending acquisition of ChampionX is expected to further enhance its production and recovery capabilities, adding resilience to its portfolio.

Jan 22, 2025 8-K

SLB 8-K Report, Financial Results (Jan 17, 2025)

SLB reported fourth-quarter and full-year 2024 results on January 17, 2025, showing continued top-line and profitability growth despite subdued upstream spending. Q4 revenue was $9.28 billion (up 1% sequentially, 3% year on year), GAAP diluted EPS was $0.77 (flat year on year), and EPS excluding charges and credits was $0.92 (up 7% year on year). Adjusted EBITDA reached $2.38 billion, a 25.7% margin. For the full year, revenue rose 10% to $36.29 billion, adjusted EBITDA grew 12% to $9.07 billion, and EPS excluding charges and credits rose 14% to $3.41. Growth was led by the Middle East & Asia (up 18%) and Europe & Africa (up 13%), with the acquired Aker subsea business contributing $1.93 billion of 2024 revenue. Excluding that acquisition, full-year revenue grew 5%. Capital discipline and shareholder returns were the other focus. Free cash flow for 2024 was $3.99 billion, and SLB returned $3.27 billion to shareholders while reducing net debt by $571 million. The Board raised the quarterly dividend 3.6% to $0.285 per share, and SLB initiated $2.3 billion in accelerated share repurchases, with about 80% of the shares delivered on January 13, 2025. Management targets total shareholder returns of at least $4 billion in 2025, and expects 2025 capital investment of roughly $2.3 billion, excluding the pending ChampionX acquisition. The main risk factors cited are subdued upstream investment in the short term due to global oversupply, weakness in Latin America (notably Mexico drilling), and lower subsea production system sales. Digital & Integration margins expanded significantly, to 38.3% in Q4, which management presents as evidence of the strategic shift toward digital. Investors will watch the pace of upstream spending recovery, the completion and integration of ChampionX, and whether margin expansion continues as the company executes on its 2025 return commitments.

Jan 17, 2025 10-Q

SLB Quarterly Report for Q3 Ended Sep 30, 2024

SLB LIMITED/NV (SLB) reported robust financial performance for the third quarter and the first nine months of 2024, demonstrating strong revenue and profit growth compared to the prior year. Total revenue for the third quarter increased by 10% year-over-year to $9.2 billion, while net income rose to $1.22 billion. For the first nine months, revenue was up 12% to $27.0 billion, with net income reaching $3.46 billion. This growth was driven by increased activity across its segments, particularly in the Middle East & Asia and international markets, as well as the positive impact of the Aker Solutions subsea business acquisition. The company also highlighted the strategic importance of its digital offerings and its positioning in long-cycle projects, which are expected to help navigate current market conditions characterized by fluctuating commodity prices and cautious customer spending. Looking ahead, SLB continues to focus on operational efficiencies, digital transformation, and strategic growth initiatives. The company reaffirmed its commitment to shareholder returns through dividends and share repurchases, while also making progress on significant strategic transactions, notably the pending acquisition of ChampionX Corporation, expected to close in Q1 2025. SLB's strong cash flow generation, healthy balance sheet, and diversified revenue streams provide a solid foundation for sustained performance and value creation for its investors.

Oct 23, 2024 8-K

SLB 8-K Report, Financial Results (Oct 18, 2024)

SLB reported third-quarter 2024 results that showed steady sequential revenue and solid year-over-year growth, with margin expansion and strong cash generation. Revenue was $9.16 billion, flat sequentially and up 10% year over year, while GAAP diluted EPS of $0.83 rose 8% sequentially and 6% year over year. Excluding charges and credits, EPS was $0.89, up 5% sequentially and 14% year over year. Adjusted EBITDA reached $2.34 billion with a 25.6% margin, a 55 basis point sequential improvement, and management reiterated a full-year adjusted EBITDA margin at or above 25%. Growth was supported by the Aker subsea acquisition, which contributed $532 million of revenue, and by Digital & Integration, where pretax margin expanded 456 basis points sequentially to 35.5%. Cash generation was strong, with operating cash flow of $2.45 billion and free cash flow of $1.81 billion. Management returned close to $900 million to shareholders in the quarter and said it now expects to exceed its $3.0 billion full-year shareholder return commitment after accelerating buybacks. The board also approved a quarterly dividend of $0.275 per share. Net debt improved to $8.46 billion from $9.19 billion at the end of the second quarter. The outlook is more cautious. Management noted softer short-cycle activity, cautious international spending tied to lower oil prices, and subdued U.S. land activity. Well Construction revenue fell 3% sequentially, and Latin America declined 3%. Management still expects sustained upstream investment over the longer term, citing long-cycle international, deepwater, and gas projects as key support. Full-year 2024 capital investment is still expected to be about $2.60 billion.

Oct 18, 2024 10-Q

SLB Quarterly Report for Q2 Ended Jun 30, 2024

SLB LIMITED/NV (SLB) reported strong financial results for the second quarter and first half of 2024, demonstrating robust revenue growth and improved profitability. Total revenue for the second quarter reached $9.1 billion, a 12% increase year-over-year, driven by broad-based international revenue growth and increased client investments in key areas like deepwater basins, exploration, and digital solutions. The company's strategic focus on international markets, particularly in the Middle East & Asia, coupled with its enhanced offshore exposure, contributed significantly to this performance. Net income attributable to SLB for the second quarter was $1.11 billion, resulting in diluted earnings per share of $0.77, both showing year-over-year improvement. The company also highlighted progress on its strategic initiatives, including the pending acquisition of ChampionX Corporation, which is expected to close in late 2024 or early 2025. SLB's commitment to returning capital to shareholders was evident through a 10% dividend increase and a stepped-up share repurchase program, signaling confidence in its financial health and future prospects.

Jul 24, 2024 8-K

SLB 8-K Report, Financial Results (Jul 19, 2024)

SLB reported solid second-quarter 2024 results, with revenue of $9.14 billion, up 5% sequentially and 13% year on year, driven by broad-based international growth. GAAP diluted EPS was $0.77 (up 4% sequentially and 7% year on year), while EPS excluding charges and credits was $0.85 (up 13% sequentially and 18% year on year). Adjusted EBITDA reached $2.29 billion, with the margin expanding 142 bps sequentially to 25.0%. Management highlighted the highest quarterly international revenue since 2014, margin expansion across all Divisions, and strength in Production Systems, Reservoir Performance, and Digital. Aker subsea acquisition contributions also boosted reported Production Systems growth; excluding the acquisition, global revenue grew 7% year on year. Cash generation was healthy, with cash flow from operations of $1.44 billion and free cash flow of $776 million in the quarter. Net debt rose to $9.19 billion from $8.68 billion at March 31, 2024, reflecting $500 million each of 5.000% Senior Notes due 2027, 2029, and 2034 issued May 29, 2024, along with $465 million of buybacks in the quarter and $394 million in dividends. Shareholder returns totaled $1.49 billion in the first half, and management reiterated a $3.0 billion return target for 2024. The Board declared a quarterly dividend of $0.275 per share, payable October 10, 2024. Management expects continued momentum in international markets and digital sales in the second half, and reaffirmed its ambition to grow full-year adjusted EBITDA in the mid-teens. Other events included the closing of the Aker Carbon Capture joint venture (SLB owns 80%) and the pending acquisition of ChampionX. Investors should note that reported results include charges and credits of $142 million pretax in the quarter, and that the filing contains forward-looking statements subject to material risks.

Jul 19, 2024 8-K

SLB 8-K Report, Regulation FD Disclosure (Jun 17, 2024)

SLB LIMITED/NV (SLB) filed an 8-K on June 17, 2024, to disclose that CEO Olivier Le Peuch presented at the J.P. Morgan Energy, Power & Renewables Conference. The presentation covered SLB's performance strategy and outlook. Investors should note that the presentation contained forward-looking statements regarding SLB's business, financial targets, growth prospects, energy transition plans, and capital allocation strategies, including dividend plans and share repurchases. Additionally, the filing reiterates important information regarding the proposed transaction with ChampionX. It highlights that the Form S-4 registration statement, which includes the proxy statement/prospectus, has been declared effective by the SEC and was mailed to ChampionX stockholders. Investors are strongly urged to read this document, along with any other relevant SEC filings, for detailed information about the transaction, including risks and potential impacts.

Jun 17, 2024 8-K

SLB 8-K Report, Corporate Update (May 29, 2024)

SLB Limited/NV (SLB) announced on May 29, 2024, the issuance of $500 million in aggregate principal amount of 5.000% Senior Notes due 2034 through its subsidiary, Schlumberger Investment S.A. These notes are fully and unconditionally guaranteed by the parent company, SLB. This debt issuance was conducted under a previously filed registration statement and is part of SLB's ongoing financing activities. The proceeds from the notes are intended to support the company's general corporate purposes. Investors should note that this is a debt financing event, indicating SLB's strategy to leverage debt for its capital needs.

May 29, 2024 10-Q

SLB Quarterly Report for Q1 Ended Mar 31, 2024

SLB Limited/NV (SLB) reported strong first-quarter 2024 results, demonstrating significant year-over-year growth in revenue and net income. Total revenue increased by 13% to $8.7 billion, driven by a robust international performance, particularly in the Middle East & Asia and Europe & Africa, which offset a softer North American market. The company's core divisions—Reservoir Performance, Well Construction, and Production Systems—showed solid revenue growth and margin expansion, reflecting the benefits of long-cycle developments and increased production capacity investments. Net income attributable to SLB surged by 14% to $1.07 billion, or $0.74 per diluted share, compared to the prior year. This performance was supported by effective cost management, with R&D and G&A expenses as a percentage of revenue remaining controlled. SLB also demonstrated a commitment to returning capital to shareholders, increasing its quarterly dividend and continuing its share repurchase program, while also announcing a significant acquisition. The company is well-positioned to capitalize on favorable industry fundamentals, particularly in international and offshore markets, and expects continued margin expansion throughout 2024.

Apr 24, 2024 8-K

SLB 8-K Report, Financial Results (Apr 19, 2024)

SLB reported first-quarter 2024 results with revenue of $8.71 billion, up 13% year on year but down 3% sequentially. GAAP diluted EPS was $0.74 (up 14% YoY), and EPS excluding charges and credits was $0.75 (up 19% YoY). Adjusted EBITDA reached $2.06 billion, up 15% YoY, and adjusted EBITDA margin expanded for the 13th consecutive quarter, though it fell sequentially from 25.3% to 23.6%. Growth was led by international markets (up 18% YoY, with Middle East & Asia up 29%), while North America declined 6%. Roughly half of the year-on-year revenue increase came from the Aker subsea business added through the OneSubsea joint venture in Q4 2023. Management affirmed its full-year 2024 guidance for mid-teens EBITDA growth and expects a seasonal rebound in the second quarter. SLB also set a target of returning $7 billion to shareholders over 2024–2025 ($3 billion in 2024 and $4 billion in 2025), and declared a quarterly dividend of $0.275 per share. Cash flow from operations was weak at $327 million, and free cash flow was negative $222 million, largely due to a $1.49 billion working capital build. Net debt improved to $8.68 billion from $7.98 billion at year-end 2023 (the filing shows a decrease in net debt of $703 million; the balance is presented as a net debt figure, which management reports as an improvement in leverage). The quarter was also dominated by two pending transactions: the all-stock acquisition of ChampionX (ChampionX holders to receive 0.735 SLB shares per share, giving them about 9% of SLB post-close, with an expected $400 million in annual pretax synergies within three years, closing expected before year-end 2024), and the combination of SLB's carbon capture business with Aker Carbon Capture, in which SLB will own 80% of the combined entity. Investors should weigh strong earnings momentum and shareholder returns against the working capital drag, the dilution from the ChampionX deal, and the execution risk of both transactions.

Apr 19, 2024 8-K

SLB 8-K Report, Shareholder Vote Results (Apr 3, 2024)

SLB Limited/NV (SLB) filed an 8-K on April 3, 2024, reporting the results of its 2024 Annual General Meeting of Shareholders held on April 2, 2024. The meeting saw overwhelming shareholder support for all key proposals, including the election of all eleven director nominees. Additionally, shareholders approved, on an advisory basis, the company's executive compensation with approximately 97.3% of votes in favor, and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2024 with 93.0% of votes in favor. Furthermore, shareholders overwhelmingly approved SLB's consolidated financial statements for the year ended December 31, 2023, and the dividends declared in 2023, with nearly unanimous support at 99.9%. This strong shareholder consensus across all presented matters indicates confidence in the current board, executive compensation structure, financial reporting, and auditor selection.

Apr 3, 2024 8-K

SLB 8-K/A Report, Exhibit Filing (Apr 3, 2024)

This Form 8-K/A supplements SLB's original Form 8-K, filed April 2, 2024, which reported the execution of a merger agreement to acquire ChampionX Corporation. The amendment adds the Agreement and Plan of Merger, dated April 2, 2024, among Schlumberger N.V., Sodium Holdco, Inc., Sodium Merger Sub, Inc., and ChampionX, as Exhibit 2 under Item 9.01. The merger agreement itself was already incorporated by reference into Item 1.01 of the original report, so this filing mainly makes the full document publicly available. Items 1.01 and 8.01 are otherwise unchanged. The amendment does not disclose the purchase price, consideration mix, financing terms, or expected synergies. Those details would appear in the merger agreement exhibit, which SLB has partially redacted under Regulation S-K Item 601(b)(2), and in the original report. The filing says the transaction will be structured through a registration statement on Form S-4 that includes a ChampionX proxy statement and an SLB prospectus for the shares to be issued. Completion depends on ChampionX stockholder adoption of the merger agreement and on securing government regulatory approvals. For investors, the key points are that the deal is a stock-based acquisition of a chemical solutions provider for production and midstream operations, that its closing is subject to ChampionX shareholder approval and regulatory clearance, and that the timing and value terms can only be confirmed from the full agreement and the forthcoming S-4 and proxy materials. Investors should also note the forward-looking risk factors, including integration risk, shifts in oilfield service demand, and macroeconomic and energy transition risks.

Apr 3, 2024 8-K

SLB 8-K Report, Material Agreement (Apr 2, 2024)

SLB (formerly Schlumberger) has agreed to acquire ChampionX Corporation in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares for each ChampionX share. Based on the April 1, 2024 closing prices, the deal values ChampionX at $40.59 per share, a 14.7% premium, and ChampionX holders would own roughly 9% of SLB's outstanding common stock on a pro forma basis. The transaction is unanimously approved by ChampionX's board and approved by SLB's board, and management expects it to close before the end of 2024, subject to ChampionX stockholder approval, HSR and possible CFIUS clearance, an effective Form S-4, and NYSE listing approval. SLB expects roughly $400 million of annual pre-tax cost and revenue synergies within three years of closing, with 70-80% realized in 2026 and the remainder in 2027. Management projects the deal will be accretive to free cash flow per share in 2025 and to earnings per share in 2026. The acquisition expands SLB's footprint in production chemicals and artificial lift, segments management describes as less cyclical and aligned with its capital-light, returns-focused strategy. ChampionX's FY2023 revenue mix was about 64% production chemicals, 27% production and automation technologies, 6% drilling technologies, and 3% reservoir chemicals. The agreement includes a $265.4 million termination fee payable by ChampionX in specified circumstances and a $326.6 million fee payable by SLB in specified regulatory or end-date scenarios. The outside date is April 2, 2025, automatically extendable to October 2, 2025 in certain regulatory cases. Alongside the deal, SLB plans to return $7 billion to shareholders over 2024-2025, raising its 2024 target to $3 billion and setting a 2025 target of $4 billion. Investors should note that the filing relies on forward-looking statements, and the terms and synergy targets remain subject to regulatory review, shareholder approval, and integration risk.

Apr 2, 2024 8-K

SLB 8-K Report, Regulation FD Disclosure (Jan 31, 2024)

On January 30, 2024, SLB reaffirmed its full-year 2024 financial guidance in response to Saudi Aramco's decision to hold its Maximum Sustainable Capacity (MSC) at 12 million barrels per day rather than raising it to 13 MMBD. CEO Olivier Le Peuch said SLB's understanding is that all ongoing oil and gas projects in the Kingdom remain intact, with only two offshore oil increment projects that have not yet started expected to be suspended. This is the key near-term development for investors, as it directly affects the growth trajectory of SLB's Saudi business, one of its most important markets. Management stated that its forecast for significant growth in Saudi Arabia in 2024 remains intact. It attributed resilience to a revenue mix in the Kingdom that is weighted toward onshore activity and the expanding gas market, along with a unique market position in other Middle Eastern countries. Management expects these factors to support a multi-year growth cycle in the region. The company also cited rising global energy demand and an expected key role for international production through the end of the decade. The filing is furnished under Item 7.01 (Regulation FD Disclosure), so the press release is not deemed "filed" for Exchange Act Section 18 purposes. The disclosure contains no new quantitative guidance figures, and the filing's forward-looking statements carry standard risk caveats. Investors should note that the company's characterization of Saudi project status relies on its "understanding" of Aramco's plans rather than on formal confirmation from Aramco.

Jan 31, 2024 10-K

SLB Annual Report, Year Ended Dec 31, 2023

SLB Limited/NV (SLB) reported a strong financial performance for the fiscal year ended December 30, 2023, with revenue increasing by 18% year-over-year to $33.1 billion. This growth was driven by broad-based international expansion and technology-leveraged offerings, particularly in the Middle East and offshore basins. The company highlighted significant margin expansion, with pretax segment operating margin increasing by 185 basis points to 20%. This robust performance translated into substantial cash flow generation, with $6.6 billion in cash flow from operations and $4.0 billion in free cash flow, enabling debt reduction and significant returns to shareholders. The company is strategically focused on three growth engines: Core, Digital, and New Energy. The Core business, encompassing Reservoir Performance, Well Construction, and Production Systems, saw accelerated growth. The Digital & Integration segment demonstrated continued momentum, driven by the adoption of its Delfi™ platform and AI-driven solutions. SLB is also actively investing in its New Energy portfolio, focusing on carbon solutions, hydrogen, geothermal, stationary energy storage, and critical minerals, positioning itself for the long-term energy transition. Looking ahead to 2024, SLB anticipates continued strong growth, primarily fueled by international markets, with specific strength expected in Production Systems due to the contribution from the OneSubsea joint venture. The company's commitment to shareholder returns is evident through a recent 10% increase in its quarterly dividend and plans for increased share repurchases. SLB's diversified business model, technological innovation, and strategic focus on both traditional and new energy sectors position it well for sustained performance.

Jan 24, 2024 8-K

SLB 8-K Report, Financial Results (Jan 19, 2024)

SLB reported a strong close to 2023, with fourth-quarter revenue of $8.99 billion, up 8% sequentially and 14% year on year, and GAAP diluted EPS of $0.77. Excluding charges and credits, Q4 EPS was $0.86, up 10% sequentially and 21% year on year. Full-year revenue rose 18% to $33.14 billion, full-year EPS excluding charges and credits rose 37% to $2.98, and adjusted EBITDA grew 25% to $8.11 billion, with the adjusted EBITDA margin expanding 147 bps to 24.5%. Growth was broad-based, led by international markets (up 20% for the year) and the Middle East in particular, and was supported by the acquisition of Aker's subsea business, which contributed roughly 70% of sequential Q4 revenue growth. Cash generation was a standout. Full-year cash flow from operations was $6.64 billion and free cash flow was $4.04 billion, which allowed SLB to reduce net debt by $1.4 billion to $7.98 billion while returning about $2.0 billion to shareholders through dividends and buybacks. Return on capital employed reached 16%, the highest since 2014. Management also raised the quarterly dividend 10% to $0.275 per share and said it plans to increase share repurchases in 2024. Looking ahead, management expects another year of strong international-led growth in 2024, with Production Systems leading, continued momentum in Reservoir Performance, and increased Well Construction activity. Capital investment guidance for 2024 is roughly $2.6 billion, flat with 2023. Investors should note that North America was flat in Q4 and that the Digital & Integration division's margins compressed year on year, though the results as a whole show a company with improving margins and returns.

Jan 19, 2024 10-Q

SLB Quarterly Report for Q3 Ended Sep 30, 2023

SLB LIMITED/NV (SLB) reported strong financial results for the third quarter and first nine months of 2023, demonstrating robust revenue growth and improved profitability. Total revenue for the third quarter reached $8.31 billion, an 11% increase year-over-year, driven by broad-based international market strength, particularly in the Middle East & Asia and Europe & Africa. Net income attributable to SLB for the quarter was $1.123 billion, a significant increase from $907 million in the prior year period, leading to diluted earnings per share of $0.78. The company continues to benefit from a multi-year growth cycle in the oil and gas industry, with a strategic shift towards international and offshore markets where SLB holds a leading position. Management highlighted sustained double-digit year-on-year revenue growth in international markets for the ninth consecutive quarter. The company also reported positive developments in its business segments, with Well Construction and Production Systems showing strong performance. SLB's financial position remains solid, supported by strong cash flow from operations and prudent capital management, including share repurchases and dividend payments.

Oct 25, 2023 8-K

SLB 8-K Report, Corporate Update (Oct 25, 2023)

SLB LIMITED/NV (SLB) filed an 8-K on October 25, 2023, primarily to disclose a legal opinion from STvB Advocaten (Europe) N.V. This opinion is in connection with a prospectus supplement filed by Schlumberger Limited on the same day with the SEC, forming part of a registration statement on Form S-3. While the 8-K itself does not contain new financial results or operational updates, it signals ongoing capital market activities and regulatory compliance for the company. Investors should note that the core event referenced is the filing of the prospectus supplement, which typically relates to the offering or sale of securities. The legal opinion provides assurance on certain legal matters related to this offering. For detailed insights into the specific securities being offered and the implications for SLB's capital structure or financing, investors should refer to the referenced Form 424(b)(7) filing and the underlying Form S-3 registration statement.

Oct 25, 2023 8-K

SLB 8-K Report, Financial Results (Oct 20, 2023)

SLB reported third-quarter 2023 results that showed broad-based growth. Revenue reached $8.31 billion, up 3% sequentially and 11% year on year, with GAAP diluted EPS of $0.78 (up 8% sequentially and 24% year on year). Adjusted EBITDA rose to $2.08 billion, a 25.0% margin and a new cycle high, while pretax segment operating margin expanded 153 bps year on year to 20.3%. Management attributed the performance to sustained international growth, particularly the Middle East & Asia (up 22% year on year), and to offshore activity. The company reported no charges or credits in the quarter, so GAAP and non-GAAP earnings were effectively identical. Cash generation was strong. Cash flow from operations was $1.68 billion and free cash flow was $1.04 billion in the quarter. Year-to-date, Core divisions (Reservoir Performance, Well Construction, Production Systems) grew revenue 22% and expanded pretax segment operating margin by 295 bps. Net debt declined to $9.41 billion from $10.14 billion at the end of the prior quarter. SLB also repurchased 2.6 million shares for $151 million and the board declared a $0.25 quarterly dividend. Looking ahead, management expects continued sequential revenue growth in the fourth quarter, supported by year-end Digital & Integration sales and seasonal Production Systems sales, plus the consolidation of the OneSubsea joint venture with Aker Solutions and Subsea7, which closed on October 2, 2023. The filing itself is a Form 8-K furnishing the earnings release under Items 2.02 and 7.01; it contains no new forward guidance beyond these qualitative comments and the full-year 2023 capital investment range of $2.50 to $2.60 billion.

Oct 20, 2023 8-K

SLB 8-K Report, Regulation FD Disclosure (Sep 6, 2023)

SLB Limited/NV (SLB) filed a Current Report (8-K) on September 6, 2023, to disclose information presented by its CEO, Olivier Le Peuch, at the Barclays CEO Energy-Power Conference. The presentation covered SLB's performance strategy and outlook, signaling an ongoing engagement with investors regarding the company's direction and market positioning. While the 8-K itself does not contain new financial results, it directs investors to presentation materials available on the SLB Investor Relations website for further details on these strategic discussions. The filing also includes a standard cautionary statement regarding forward-looking statements. This highlights the inherent uncertainties in the energy sector and SLB's business, including factors such as oil and gas prices, customer spending, geopolitical conditions, regulatory changes, and the energy transition. Investors should carefully review the detailed risks and uncertainties outlined in SLB's SEC filings for a comprehensive understanding of potential impacts on future performance.

Sep 6, 2023 10-Q

SLB Quarterly Report for Q2 Ended Jun 30, 2023

SLB Limited/NV (SLB) reported strong financial performance for the second quarter and first six months of 2023, demonstrating significant year-over-year revenue growth and improved profitability. Total revenue for the second quarter reached $8.1 billion, a 19.6% increase compared to the same period last year, driven primarily by robust international and offshore activity, particularly in the Middle East & Asia and Europe & Africa regions. This growth was led by the Well Construction and Production Systems segments, reflecting strong upstream investment momentum and SLB's strategic positioning. The company's profitability also saw a substantial improvement, with Net Income Attributable to SLB rising to $1.03 billion in Q2 2023 from $959 million in Q2 2022, and diluted earnings per share increasing to $0.72 from $0.67. For the six-month period, Net Income Attributable to SLB grew to $1.97 billion from $1.47 billion in the prior year. This performance was underpinned by strong execution, margin expansion across key segments, and effective cost management. SLB generated significant free cash flow and maintained a healthy liquidity position, underscoring its financial resilience and ability to return value to shareholders through dividends and share repurchases.

Jul 26, 2023 8-K

SLB 8-K Report, Executive Changes (Jul 24, 2023)

This 8-K filing from SLB Limited/NV (SLB) announces the retirement of Mr. Mark Papa from the Board of Directors, effective July 21, 2023. This departure is part of a planned, multi-year succession process and is not due to any disagreements with the company. Mr. Papa played a crucial role in overseeing the onboarding of a new Chief Executive Officer, significant Board refreshment, and the selection of the new Chairman of the Board during a critical transitional period for SLB. The company expresses its gratitude for his five years of service and exceptional leadership, particularly his four years as Chairman.

Jul 24, 2023