Company file · SLB

Schlumberger

Schlumberger's revenue fell 1.6% in FY2025, to $35.7B, and net income fell 24.4% to $3.4B

Revenue fell 1.6% to $35.7B in FY2025, from $36.3B in FY2024. Net income fell 24.4% to $3.4B. Services was the largest product or service, at 59% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Jan 23, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026) · Data pulled Oct 30, 2026

Key facts

Schlumberger (NYSE: SLB) reported revenue of $35.7B for fiscal 2025, the year ended Dec 31, 2025, down 1.6% from fiscal 2024. Net income was $3.4B, down 24.4%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $9.4B, up 5.8% from the same quarter a year earlier, and net income was $735M. The largest piece by product or service was Services, at 59% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Jan 23, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026).

Revenue$35.7BFY2025 · −1.6% vs FY2024

Net income$3.4BFY2025 · −24.4% vs FY2024

Operating cash flow$6.5BFY2025 · −1.7% vs FY2024

Total debt$11.1Bat Sep 30, 2026 · +14.4% vs FY2025 end

Diluted shares1.44BFY2025 avg · +0.1% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Jan 23, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Apr 29, 2026 · 10-Q filed Jul 29, 2026 · 10-Q filed Oct 28, 2026

How it makes money

By product or service, FY2025

LineAmountSharevs FY2024
Services$21.2B59%−9.0%
Products$14.5B41%+11.7%

Source: 10-K FY2025, XBRL breakdown

By product or service in FY2025: Services (59%) and Products (41%), as shares of total revenue. Total revenue was $35.7B.

By product or service: three-year mixShare of the total each fiscal year

FY2023

68%32%

FY2024

64%36%

FY2025

59%41%

ServicesProducts

Source: 10-K FY2025

By region, FY2025

Non-US$27.9B78%−5.0%

North America$7.5B21%+12.5%

Other Countries$251M1%+30.1%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue

$9.4B Q3 2026

$8.9B Q3 2025

5.8% increase

Net income

$735M Q3 2026

$739M Q3 2025

0.5% decrease

Source: Schlumberger 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026

By product or service

Services

$5.1B Q3 2026

$5.2B Q3 2025

1.5% decrease

Products

$4.4B Q3 2026

$3.8B Q3 2025

15.9% increase

Source: Schlumberger 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026

Total debt $11.1B at Sep 30, 2026, vs $9.7B at FY2025 end.
Operating cash flow, first 9 months of fiscal 2026: $3.4B vs $3.5B a year earlier.

The bull case and the bear case

The bull case

Total debt fell 11.6% in FY2025 to $9.7B. 10-K, FY2025
Revenue in the quarter ended Sep 30, 2026 was $9.4B, up 5.8% on a year earlier. 10-Q, quarter ended Sep 30, 2026
Products revenue grew 11.7% in FY2025 to $14.5B. 10-K, FY2025

The bear case

Revenue fell 1.6% in FY2025 to $35.7B, from $36.3B a year earlier. 10-K, FY2025
Net income fell 24.4% in FY2025 to $3.4B, from $4.5B. 10-K, FY2025
Operating cash flow fell 1.7% in FY2025 to $6.5B. 10-K, FY2025
Net income in the quarter ended Sep 30, 2026 was $735M, down 0.5% on a year earlier. 10-Q, quarter ended Sep 30, 2026

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Schlumberger is in the oil & gas equipment & services industry, part of the energy sector. The SEC files it under Oil & Gas Field Services, Nec.

The full description of Schlumberger's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the oil & gas equipment & services industry. They are not a summary of Schlumberger’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Commodity pricesOil, gas and refined-product prices drive revenue and spending.
Operations and safetyAccidents, outages and weather can halt production or shipping.
Regulation and climate policyEnvironmental rules and shifts in energy policy can change demand and costs.
DemandEconomic activity and changes in fuel use affect volumes.
Capital spendingProjects need large investment that may not earn what was planned.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$33.1B	$36.3B	$35.7B
Net income	$4.2B	$4.5B	$3.4B
Operating cash flow	$6.6B	$6.6B	$6.5B
Total debt (year end)	$10.8B	$11.0B	$9.7B
Diluted shares	1.44B	1.44B	1.44B

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Total debt: Long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

What we left out

Cash: the company's filing data doesn't carry a consistent cash total for the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Oct 28, 2026	Sep 30, 2026
10-Q	Jul 29, 2026	Jun 30, 2026
10-Q	Apr 29, 2026	Mar 31, 2026
DEF 14A	Feb 26, 2026	Apr 8, 2026
10-K	Jan 23, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Schlumberger

How does Schlumberger make money?

Schlumberger's revenue was $35.7B in fiscal 2025. By product or service in FY2025: Services (59%) and Products (41%), as shares of total revenue. Total revenue was $35.7B. Source: 10-K for fiscal 2025, filed Jan 23, 2026.

What was Schlumberger's revenue in fiscal 2025?

$35.7B of revenue for the fiscal year ended Dec 31, 2025, down 1.6% from $36.3B in fiscal 2024. Fiscal 2023 was $33.1B. Source: 10-K for fiscal 2025, filed Jan 23, 2026.

Is Schlumberger profitable?

Schlumberger reported net income of $3.4B for fiscal 2025, down 24.4% from $4.5B in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $735M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Jan 23, 2026.

What did Schlumberger report in its latest quarterly filing?

Revenue was $9.4B in the quarter ended Sep 30, 2026, up 5.8% from $8.9B a year earlier. Net income was $735M, down 0.5% from $739M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 28, 2026.

What are the main risks Schlumberger faces?

Schlumberger's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Jan 23, 2026. Risks that are common among companies in the oil & gas equipment & services industry include Commodity prices; operations and safety; regulation and climate policy; demand; capital spending. The first: Oil, gas and refined-product prices drive revenue and spending. Source: 10-K, Item 1A Risk Factors.

Where do these Schlumberger numbers come from?

From Schlumberger's own SEC filings: the 10-K for fiscal 2025 (filed Jan 23, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 28, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in SLB: The editor holds no position in Schlumberger (SLB). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell SLB from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 30, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold SLB, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
SchlumbergerSLB	FY2025	$35.7B	−1.6%	$3.4B
ExxonMobilXOM	FY2025	$332.2B	−5.0%	$28.8B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.