Core Insights - The company reported revenue growth in the quarter, indicating positive performance and potential for future growth [1] Financial Performance - Revenue increased during the quarter, showcasing the company's ability to generate higher sales [1]

[Executive Summary](index=1&type=section&id=Executive%20Summary) [Third-Quarter 2025 Financial Highlights](index=1&type=section&id=Third-Quarter%202025%20Financial%20Highlights) SLB's Q3 2025 revenue increased sequentially but declined year-on-year, with GAAP EPS and Net Income down, and Adjusted EBITDA flat sequentially but lower year-on-year, impacted by ChampionX Financial Highlights (Million USD) | Metric | Sept. 30, 2025 (Million USD) | Jun. 30, 2025 (Million USD) | Sept. 30, 2024 (Million USD) | Sequential Change (%) | Year-on-year Change (%) | | :-------------------------------- | :------------- | :------------ | :------------- | :---------------- | :------------------ | | Revenue | $8,928M | $8,546M | $9,159M | **4%** | **-3%** | | Income before taxes - GAAP | $1,000M | $1,285M | $1,507M | **-22%** | **-34%** | | Net income attributable to SLB - GAAP | $739M | $1,014M | $1,186M | **-27%** | **-38%** | | Diluted EPS - GAAP | **$0.50** | **$0.74** | **$0.83** | **-32%** | **-40%** | | Adjusted EBITDA* | $2,061M | $2,051M | $2,343M | **0%** | **-12%** | | Cash flow from operations | $1,680M | N/A | N/A | N/A | N/A | | Free cash flow | $1,100M | N/A | N/A | N/A | N/A | | Quarterly cash dividend | **$0.285 per share** | N/A | N/A | N/A | N/A | [ChampionX Acquisition Impact](index=1&type=section&id=ChampionX%20Acquisition%20Impact) ChampionX added **$579 million** revenue to Q3 2025; excluding it, global revenue declined **2%** sequentially and **9%** year-on-year - **ChampionX acquisition** contributed **$579 million** of **revenue**, **$139 million** of **adjusted EBITDA**, and **$108 million** of **pretax segment operating income** to **Q3 2025** results[3](index=3&type=chunk) - Excluding **ChampionX**, **SLB's Q3 2025** global **revenue decreased 2%** sequentially and **9%** year-on-year[3](index=3&type=chunk) [Management Commentary & Strategic Outlook](index=2&type=section&id=Management%20Commentary%20%26%20Strategic%20Outlook) [Resilience Amidst Evolving Market Dynamics](index=2&type=section&id=Resilience%20Amidst%20Evolving%20Market%20Dynamics) **SLB's** **CEO** noted **Q3** **revenue increased sequentially**, supported by **ChampionX acquisition** and **Digital growth**, despite market challenges, with **International markets** showing **resilience** - **Q3 revenue increased sequentially**, supported by **ChampionX**, **Digital growth**, and **resilient Core business** performance, despite challenging market conditions[7](index=7&type=chunk) - **International markets** are demonstrating **resilience**, with **robust growth** in several **Middle East & Asia** countries, and **OPEC+** production releases expected to support future investment[8](index=8&type=chunk) [Production and Recovery Business Alignment](index=3&type=section&id=Production%20and%20Recovery%20Business%20Alignment) Customers prioritize **production and recovery solutions** for lower-cost decline offset, which **SLB** addresses by leveraging expertise, technology, and **ChampionX acquisition** to expand its presence in this less cyclical market - Customers are prioritizing **production and recovery solutions** to unlock incremental barrels at the lowest possible cost[9](index=9&type=chunk) - **SLB** is leveraging subsurface expertise, production technology, portfolio integration, and digital/AI capabilities to support customers in **production and recovery**[10](index=10&type=chunk) - **ChampionX acquisition** enhances **SLB's** portfolio and expands its presence in the less cyclical production market[11](index=11&type=chunk) [Digital Delivering Differentiated Growth and Margins](index=3&type=section&id=Digital%20Delivering%20Differentiated%20Growth%20and%20Margins) **Digital** is **SLB's fastest-growing business**, transforming the oil and gas industry through AI and data, now reported as a standalone division highlighting its high-margin growth and industry leadership - **Digital** is **SLB's fastest-growing business**, leveraging software, AI, data analytics, automation, and IoT for efficiency, safety, and sustainability[12](index=12&type=chunk)[13](index=13&type=chunk) - **SLB** is reporting **Digital** as a standalone division, emphasizing its high-margin growth and differentiation[14](index=14&type=chunk) [International Markets to Lead Future Activity Rebound](index=3&type=section&id=International%20Markets%20to%20Lead%20Future%20Activity%20Rebound) **SLB** anticipates **International markets** will drive future activity rebound as supply and demand rebalance, supported by sustained investment in oil capacity, gas expansion, and deepwater projects, leading **Q4** **revenue growth** - **International markets** are expected to lead an activity rebound, supported by sustained investment in oil capacity, gas expansion, and deepwater[15](index=15&type=chunk) - **SLB** forecasts **Q4 revenue growth** driven by **International markets**, **Digital**, and a full quarter of **ChampionX** operations[16](index=16&type=chunk) [Key Events & Corporate Actions](index=4&type=section&id=Key%20Events%20%26%20Corporate%20Actions) [Share Repurchase Program](index=4&type=section&id=Share%20Repurchase%20Program) During **Q3 2025**, **SLB** repurchased **3.2 million shares** for **$114 million**, bringing total repurchases for the first nine months of **2025** to **60.0 million shares** for **$2.41 billion** - **Q3 2025**: Repurchased **3.2 million shares** for **$114 million**[17](index=17&type=chunk) - **First nine months of 2025**: Repurchased **60.0 million shares** for **$2.41 billion**[17](index=17&type=chunk) [ChampionX Acquisition Completion](index=4&type=section&id=ChampionX%20Acquisition%20Completion) **SLB** completed the **ChampionX acquisition** on **July 16, 2025**, enhancing its portfolio, technology, and digital leadership, and increasing exposure to the **production and recovery market** - **Acquisition of ChampionX** completed on **July 16, 2025**[18](index=18&type=chunk) - The **acquisition** is expected to **increase SLB's** exposure to the **production and recovery market** and deliver best-in-class workflow integration[18](index=18&type=chunk) [Quarterly Cash Dividend](index=4&type=section&id=Quarterly%20Cash%20Dividend) **SLB's** Board of Directors approved a quarterly cash dividend of **$0.285 per share**, payable on **January 8, 2026**, to stockholders of record on **December 3, 2025** - Board approved a quarterly cash dividend of **$0.285 per share**[19](index=19&type=chunk) [Financial Performance by Geography](index=5&type=section&id=Financial%20Performance%20by%20Geography) [Overall Geographical Revenue](index=5&type=section&id=Overall%20Geographical%20Revenue) **SLB's Q3 2025** revenue of **$8.93 billion** increased **4%** sequentially, driven by **1%** international and **17%** **North America** growth, including **$579 million** from **ChampionX**, but excluding it, international revenue declined **1%** and **North America** revenue declined **7%** sequentially Overall Geographical Revenue (Million USD) | Geography | Sept. 30, 2025 (Million USD) | Jun. 30, 2025 (Million USD) | Sept. 30, 2024 (Million USD) | Sequential Change (%) | Year-on-year Change (%) | | :---------------- | :------------- | :------------ | :------------- | :---------------- | :------------------ | | North America | $1,930M | $1,655M | $1,687M | **17%** | **14%** | | Latin America | $1,482M | $1,492M | $1,689M | **-1%** | **-12%** | | Europe & Africa | $2,434M | $2,369M | $2,434M | **3%** | **0%** | | Middle East & Asia | $3,000M | $2,986M | $3,302M | **0%** | **-9%** | | International Total | $6,916M | $6,847M | $7,425M | **1%** | **-7%** | | North America Total | $1,930M | $1,655M | $1,687M | **17%** | **14%** | | Total Revenue | $8,928M | $8,546M | $9,159M | **4%** | **-3%** | - **ChampionX** contributed **$579 million** to **Q3 2025** **revenue** (**$387 million** in **North America**, **$171 million** in **International markets**)[20](index=20&type=chunk) - Excluding **ChampionX**, **International revenue declined 1%** sequentially and **North America revenue declined 7%** sequentially[20](index=20&

Group 1 - Schlumberger reported third-quarter revenue of $8.93 billion, exceeding the estimate of $8.9 billion [1] - The adjusted earnings per share for the third quarter were $0.69, surpassing the forecast of $0.66 [1] - The company continues to project capital investments of approximately $2.4 billion for the year 2025 [1]

Core Insights - SLB exceeded Wall Street profit estimates for the third quarter, driven by robust demand for its oilfield equipment and services in North America [1] Company Performance - SLB reported strong financial performance in the third quarter, indicating a positive trend in profitability [1] - The demand for oilfield equipment and services in North America significantly contributed to SLB's success during this period [1]

Core Points - PWR Holdings Limited held its 11th Annual General Meeting at its new global headquarters in Stapylton, marking a significant milestone for the company [2] - The meeting acknowledged the traditional First Nations people and their contributions to the community, reflecting the company's commitment to social responsibility [1] Company Overview - The notice for the meeting was made available to shareholders on September 8, 2025, and lodged with the ASX on the same date, indicating compliance with regulatory requirements [3] - The company displayed selected products at the meeting while emphasizing the importance of intellectual property and confidentiality obligations for product development [3][4] - Proxies were received from 331 shareholders, representing approximately 42% of the total shareholder base, demonstrating active shareholder engagement [4]

Core Viewpoint - SLB reported a decline in net income and income before taxes for the third quarter of 2025 compared to both the previous quarter and the same quarter last year, indicating potential challenges in maintaining profitability in a fluctuating market [1]. Financial Performance - Revenue for the third quarter of 2025 was $8,928 million, representing a 4% increase sequentially from $8,546 million in the second quarter of 2025, but a 3% decrease from $9,159 million in the third quarter of 2024 [1]. - Income before taxes on a GAAP basis was $1,000 million, down 22% from $1,285 million in the previous quarter and down 34% from $1,507 million in the same quarter last year [1]. - The income before taxes margin on a GAAP basis decreased to 11.2%, a decline of 383 basis points sequentially and 525 basis points year-on-year [1]. - Net income attributable to SLB on a GAAP basis was $739 million, which is a 27% decrease from $1,014 million in the previous quarter and a significant decline from $1,186 million in the same quarter last year [1].

Core Insights - U.S. stock futures are trading lower, indicating a cautious market sentiment ahead of key earnings reports [1] Company Earnings and Performance - Slb NV (NYSE:SLB) is expected to report quarterly earnings of $0.66 per share on revenue of $8.97 billion [2] - CSX Corp. (NASDAQ:CSX) reported third-quarter revenue of $3.59 billion, exceeding analyst estimates of $3.58 billion, with adjusted earnings of $0.44 per share, beating expectations of $0.43 per share [2] - American Express Co. (NYSE:AXP) is anticipated to post quarterly earnings of $4.00 per share on revenue of $18.05 billion [2] - Truist Financial Corp. (NYSE:TFC) is expected to report quarterly earnings of $1.00 per share on revenue of $5.20 billion [2] Stock Movements - SLB shares fell 0.3% to $32.82 in after-hours trading [2] - CSX shares rose 2.3% to $36.80 in after-hours trading [2] - American Express shares gained 0.5% to $324.58 in after-hours trading [2] - Newsmax Inc. (NYSE:NMAX) shares increased by 1.5% to $10.99 after announcing a $5 million purchase of Bitcoin and Trump Coin [2] - Truist Financial shares gained 0.6% to $41.33 in after-hours trading [2]

Market Overview - The Singapore Oilfield Services Market was valued at USD 1.55 Billion in 2024 and is projected to reach USD 2.52 Billion by 2032, with a CAGR of 6.2% from 2025 to 2032 [1][21]. Technological Advancements - Artificial intelligence is enhancing operational efficiency, safety standards, and resource utilization in the oilfield services industry, enabling predictive maintenance and advanced seismic interpretation [2][4]. - The integration of smart sensors and robotics is improving well integrity management and production optimization, leading to safer operations and reduced environmental impact [3][4]. Market Dynamics - The market is influenced by a global push towards sustainability and technological advancement, with new regulations emphasizing environmental performance and digital transformation [6][10]. - Singapore's strategic positioning as a regional energy hub, along with its robust regulatory environment, supports the growth of high-value services and technological innovation [7][8]. Key Players - Major companies in the oilfield services market include Schlumberger Limited, Halliburton Company, and Baker Hughes Company, focusing on sustainable and low-carbon solutions [11][16]. Growth Segments - The fastest-growing segments are expected to be analytical services and subsea services, driven by the need for data-driven insights and complex deepwater developments [24][28]. Future Outlook - The market outlook remains positive, with sustained energy demand and ongoing technological advancements expected to drive growth, particularly in specialized services related to digital transformation and decarbonization efforts [21][29].

Group 1 - SLB N.V. (NYSE:SLB) is highlighted in Jim Cramer's game plan, indicating its significance in the current market [1] - Cramer expresses a bearish outlook on oil prices, suggesting that oil could drop below $60, potentially reaching $55 [1] - SLB provides a range of services and technologies for the energy sector, including field development, hydrocarbon production, and carbon management [1] Group 2 - Cramer advises caution regarding SLB stock, indicating a preference against oil stocks and suggesting to "keep watching" without making a purchase [1] - The article suggests that certain AI stocks may present better investment opportunities with higher upside potential and lower downside risk compared to SLB [1]

Core Insights - SLB is scheduled to report its third-quarter 2025 results on October 17, with adjusted earnings expected at 67 cents per share, reflecting a 24.7% decline from the previous year [1][2][9] - Revenue is projected to be $8.9 billion, indicating a 2.4% decrease compared to the same quarter last year [3][9] - The pricing environment for WTI crude oil has been less favorable in the third quarter of 2025, which may have negatively impacted demand for SLB's oilfield services [4][5][9] Earnings Performance - In the last reported quarter, SLB's adjusted earnings of 74 cents per share exceeded the Zacks Consensus Estimate of 73 cents, driven by international growth and strong digital revenues [1] - SLB has missed the Zacks Consensus Estimate for earnings once in the last four quarters and has beaten it three times, with an average surprise of 0.51% [2] Market Conditions - Average spot prices for WTI crude oil in July, August, and September were $68.39, $64.86, and $63.96 per barrel, respectively, compared to higher prices in the same months of the previous year [4] - The decline in crude oil prices is expected to have softened demand for SLB's services in the September quarter [5][9] Earnings Expectations - The Earnings ESP for SLB is -2.82%, indicating that the model does not predict an earnings beat for this reporting cycle [6] - SLB currently holds a Zacks Rank of 4 (Sell), which further suggests a challenging outlook for the upcoming earnings report [6]