SLB, formerly known as Schlumberger Limited, is a global technology company dedicated to advancing energy innovation and supporting the energy transition. Operating in over 100 countries, SLB is organized into four main divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems . The company offers a range of products and services designed to enhance energy efficiency, optimize reservoir productivity, and improve well and production systems . In 2023, SLB's international operations represented a significant portion of its revenue, underscoring its global reach .
- Reservoir Performance - Focuses on reservoir-centric technologies and services to optimize reservoir productivity and performance, developing technologies for evaluating, intervening, and stimulating reservoirs to maximize return on investment .
- Well Construction - Offers a comprehensive portfolio of products and services aimed at optimizing well placement and performance, maximizing drilling efficiency, and improving wellbore assurance .
- Production Systems - Develops technologies and provides expertise to enhance production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries, including artificial lift, completions equipment, surface systems, valves, processing solutions, and OneSubsea integrated solutions for the subsea market .
- Digital & Integration - Combines SLB's digital solutions and data products with its Asset Performance Solutions (APS) to enhance performance by reducing cycle times, accelerating returns, and lowering costs and carbon emissions, including digital solutions, exploration data, and data processing services .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Abdellah Merad Executive | EVP, Core Services and Equipment | None | EVP since April 2022, with 26 years at SLB. Focused on operational excellence and sustainability. | |
Carmen Rando Bejar Executive | Chief People Officer | None | Chief People Officer since April 2022, leading recruitment and diversity initiatives. | |
Demosthenis Pafitis Executive | Chief Technology Officer (CTO) | None | CTO since February 2020, driving SLB's technological advancements and digital transformation. | |
Dianne Ralston Executive | Chief Legal Officer and Secretary | None | CLO since December 2020, responsible for legal and corporate governance matters. | |
Gavin Rennick Executive | President, New Energy | None | President since April 2022, focusing on decarbonization and clean energy technologies. | |
Howard Guild Executive | Chief Accounting Officer (CAO) | None | CAO since July 2005, overseeing accounting operations and compliance. | |
Kevin Fyfe Executive | Vice President and Treasurer | None | VP and Treasurer since July 2022, previously VP and Controller. | |
Khaled Al Mogharbel Executive | Executive Vice President, Geographies | None | EVP since July 2020, with extensive operational experience in global markets. | |
Olivier Le Peuch Executive | Chief Executive Officer (CEO) | None | CEO since August 2019, with over 35 years at SLB in various leadership roles. Focused on energy transition and technology differentiation. | View Report → |
Rakesh Jaggi Executive | President, Digital and Integration | None | President since April 2023, previously SVP of Sales & Commercial. | |
Stephane Biguet Executive | Executive Vice President and CFO | None | CFO since January 2020, previously VP of Finance. Oversees financial operations and compliance. | |
Ugo Prechner Executive | Vice President and Controller | None | VP and Controller since August 2022, with prior roles in financial management. | |
Vijay Kasibhatla Executive | Director of Mergers and Acquisitions | None | Director since January 2013, leading M&A activities. | |
Jeff Sheets Board | Independent Director | Director at Enerplus Corporation and Westlake Corporation | Director since 2019, former CFO of ConocoPhillips, with expertise in finance and capital management. | |
Jim Hackett Board | Independent Chair of the Board | Chair of NuScale Power, Director of Enterprise Products Holdings, Director of Fluor Corporation | Independent Chair since July 2023, with extensive leadership experience in the energy sector. | |
Maria Moræus Hanssen Board | Independent Director | Director at Scatec ASA, Kosmos Energy, and Å Energi | Director since 2020, former CEO of DEA Deutsche Erdoel AG, with expertise in energy transition. | |
Miguel Galuccio Board | Independent Director | Chairman and CEO of Vista, Chairman of GRIDX | Director since 2017, former SLB executive, with expertise in energy exploration and production. | |
Patrick de La Chevardière Board | Independent Director | Chair of Audit Committee at Michelin | Director since 2019, former CFO of TotalEnergies, with expertise in finance and energy markets. | |
Peter Coleman Board | Independent Director | Chair of Arcadium Lithium, Chair of Infinite Green Energy, Chair of H2EX, Chair of DIRECT Infrastructure | Director since 2021, former CEO of Woodside Petroleum, with expertise in energy transition and governance. | |
Samuel Leupold Board | Independent Director | Chair of Corio Generation, Director of Axpo Holding AG | Director since 2021, former CEO of Ørsted Wind Power, with expertise in renewable energy. | |
Tatiana Mitrova Board | Independent Director | Research Fellow at Columbia University, Visiting Professor at Paris School of International Affairs | Director since 2018, with expertise in energy markets and sustainability. | |
Ulrich Spiesshofer Board | Independent Director | Senior Advisor at Blackstone, Director at Infineon Technologies | Director since 2021, former CEO of ABB Ltd., with expertise in industrial and digital transformation. | |
Vanitha Narayanan Board | Independent Director | Director at ReNew Energy Global and HCL Technologies | Director since 2021, former Chairman of IBM India, with expertise in technology and digital transformation. |
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Given the cautious approach to discretionary short-cycle spending and the expectation of low to mid-single-digit growth in international upstream spending in 2025, how confident are you in delivering further margin expansion, and what specific strategies will you employ to achieve this in a potentially flat revenue environment?
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With the integration of ChampionX now anticipated to close in the first quarter of 2025, have any new challenges emerged that could impact the expected synergies, and can you provide more detail on how this acquisition will enhance your financial performance amidst evolving market conditions?
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Considering the ongoing pressures from commodity price fluctuations and concerns over an oversupplied market, how are you adjusting your strategy in North America where activity remains constrained, and what specific measures are you taking to mitigate the impact on your revenues and margins in this region?
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Your digital business has shown strong growth, but as upstream spending potentially slows, how sensitive is your digital revenue growth to reductions in upstream investment, and can you quantify the potential impact on your digital growth trajectory?
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With the planned sale of the Palliser asset, which contributes approximately $500 million in annual revenue, how do you plan to offset the loss of this revenue in the long term, and what impact will this divestment have on your production capacity and earnings volatility?
Research analysts who have asked questions during SLB LIMITED/NV earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
4 questions for SLB
Neil Mehta
Goldman Sachs
4 questions for SLB
Roger Read
Wells Fargo & Company
4 questions for SLB
Scott Gruber
Citigroup
4 questions for SLB
John Anderson
Barclays
3 questions for SLB
Stephen Gengaro
Stifel Financial Corp.
3 questions for SLB
Kurt Hallead
The Benchmark Company
2 questions for SLB
Saurabh Pant
Bank of America
2 questions for SLB
Daniel Kutz
Morgan Stanley
1 question for SLB
James West
Evercore ISI
1 question for SLB
J. David Anderson
Barclays
1 question for SLB
Josh Silverstein
UBS Group
1 question for SLB
Keith MacKey
RBC Capital Markets
1 question for SLB
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
ChampionX Corporation | 2024 | SLB’s all-stock acquisition of ChampionX has a total enterprise value of $8.2 billion, with ChampionX shareholders receiving 0.735 SLB shares per common share, resulting in a 14.7% premium to their closing price, and post-transaction, they will hold approximately 9% of SLB’s stock. This move strengthens SLB’s position in the production stage of oil and gas, integrating ChampionX’s production chemicals, artificial lift systems, and digital technologies to achieve around $400 million in annual pre-tax synergies, with closing expected in Q4 2024 or Q1 2025 subject to regulatory approvals. |
Aker Carbon Capture | 2024 | SLB’s acquisition of an 80% stake in Aker Carbon Capture was executed for NOK 4.1 billion (approximately $0.4 billion) in cash, with additional performance-based payments up to NOK 1.4 billion, alongside structured put and call options setting fair market value floors and ceilings. The deal strategically enhances SLB’s carbon capture and storage capabilities, positioning it to support accelerated industrial decarbonization and compete in a CCS market growing at more than 50% annually with projects spanning North America, Europe, and the Middle East. |
Gyrodata Incorporated | 2023 | SLB completed the acquisition of Gyrodata Incorporated on February 3, 2023, after an announcement in October 2022, as part of a broader investment effort totaling $244 million, net of cash acquired. This acquisition, focused on gyroscopic wellbore positioning and survey technology, was integrated into SLB’s Well Construction business to accelerate the development of wired drillpipe technology and enhance drilling accuracy and efficiency. |
Recent press releases and 8-K filings for SLB.
- Revenue of $8.93 billion (+4% QoQ; –3% YoY)
- GAAP EPS of $0.50 (–32% QoQ; –40% YoY); adjusted EPS of $0.69 (–7% QoQ; –22% YoY)
- Net income attributable to SLB of $739 million (–27% QoQ; –38% YoY)
- Adjusted EBITDA of $2.06 billion (flat QoQ; –12% YoY)
- Operating cash flow of $1.68 billion; free cash flow of $1.10 billion (incl. $153 million M&A payments); Q3 dividend of $0.285/share
- SLB reported revenue of $8.93 billion, up 4% QoQ and down 3% YoY.
- GAAP EPS was $0.50, down 32% QoQ and 40% YoY; adjusted EPS was $0.69, down 7% QoQ and 22% YoY.
- Net income attributable to SLB was $739 million, down 27% QoQ and 38% YoY.
- Adjusted EBITDA remained flat at $2.06 billion QoQ and declined 12% YoY.
- Cash from operations was $1.68 billion with free cash flow of $1.10 billion (including $153 million for acquisitions); the board approved a $0.285 quarterly dividend per share.
- SLB delivered Q3 revenue of $8.9 billion, up 4% sequentially, with adjusted EPS of $0.69, down $0.05 QoQ; pretax segment operating margin was 18.2% and companywide adjusted EBITDA margin was 23.1%.
- The newly standalone Digital division posted $658 million in Q3 revenue (+11% QoQ) and 32.7% EBITDA margin, with ARR of $926 million (+7% YoY); full-year digital EBITDA margin is expected to reach 35%.
- Production Systems benefited from ChampionX, reporting $3.5 billion in Q3 revenue (+18% QoQ), including $579 million from ChampionX, which added $108 million of pretax income; SLB anticipates $400 million of annual pretax synergies within three years.
- Operating cash flow was $1.7 billion and free cash flow $1.1 billion in the quarter; CapEx totaled $581 million; YTD share repurchases reached $2.4 billion and dividends $1.6 billion, totaling $4.0 billion returned to shareholders.
- For Q4, SLB expects high-single-digit sequential revenue growth and 50–150 bps adjusted EBITA margin expansion, with H2 revenue to land near the midpoint of €18.2–18.8 billion guidance.
- SLB reported third-quarter 2025 revenue of $8.93 billion, down 3% year-on-year and up 4% sequentially; GAAP EPS of $0.50 fell 40% year-on-year, while adjusted EPS was $0.69, down 22% year-on-year.
- Net income attributable to SLB was $739 million (–38% year-on-year) and adjusted EBITDA was $2.06 billion (–12% year-on-year).
- SLB completed its ChampionX acquisition on July 16, 2025, contributing $579 million of revenue and $139 million of adjusted EBITDA in Q3.
- During Q3, SLB repurchased 3.2 million shares for $114 million (60 million shares for $2.41 billion YTD) and the board approved a quarterly dividend of $0.285 per share.
- SLB reported Q3 2025 revenue of $8.93 billion, up 4% sequentially but down 3% year-on-year.
- GAAP EPS was $0.50, down 32% sequentially and 40% year-on-year; adjusted EPS of $0.69, down 7% sequentially and 22% year-on-year.
- Adjusted EBITDA was $2.06 billion, flat sequentially and down 12% year-on-year, with a margin of 23.1%.
- Generated $1.68 billion of operating cash flow and $1.10 billion of free cash flow; board approved a quarterly dividend of $0.285 per share.
- Completed the acquisition of ChampionX (two months of contributions) and expects Q4 revenue growth driven by international markets, Digital and a full quarter of ChampionX.
- SLB will supply advanced completion technologies for up to 35 ultra-deepwater wells in Brazil’s Santos Basin (Atapu & Sépia fields, second phase), with operations starting mid-2026.
- The project leverages Electris™ high-flow-rate interval control valves and digital solutions to provide real-time production intelligence and enhanced reservoir management.
- This award follows a 2024 contract to the SLB OneSubsea™ JV for standardized pre-salt subsea production systems on the same fields, reflecting a strengthened partnership with Petrobras.
- SLB’s digital-related revenue is approximately $3 billion, while Petrobras produced 2.7 million boe/d and holds 11.4 billion boe reserves as of 2024.
- Schlumberger has been awarded a contract by the Northern Endurance Partnership (BP, Equinor, TotalEnergies) to develop six carbon storage wells for the UK’s North Sea CCS project, targeting 4 million metric tons of CO₂ annually from 2028.
- The work scope covers drilling, measurement, cementing, fluids, completions, wireline and pumping services, deploying Schlumberger’s Sequestri portfolio of carbon storage technologies.
- The NEP infrastructure, including the Endurance saline aquifer, can store up to 1 billion metric tons of CO₂, while the UK government has allocated £9.4 billion to CCS initiatives.
- Following the announcement, Schlumberger’s stock rose 0.34% to $33.66 on the NYSE.
- Q1 2025 revenue was approximately $8.5 billion (–3% YoY), driven by strong North American performance (8% growth) despite a 5% international decline .
- EPS performance: GAAP EPS was $0.58 (–22% YoY) while adjusted EPS stood at $0.72, including $0.14 in cost-out and integration charges .
- The company guided for Q2 with flat sequential revenue (excluding ChampionX) and expects an adjusted EBITDA margin expansion of 50–100 basis points .
- Operational update: Adjusted EBITDA reached $2.02 billion (–2% YoY) and cash flow from operations improved by $333 million .
- Shareholder returns: A quarterly cash dividend of $0.285 per share was approved along with a commitment to return at least $4 billion to shareholders in 2025 .
- Strategic diversification: Expansion into digital, data center infrastructure, and low‐carbon markets is on track to generate over $1 billion in new revenue streams for 2025 .