SLB Limited reported its third-quarter financial results for 2025, revealing total revenue of $8.93 billion, a decrease of 2.5% from $9.16 billion in the same quarter of 2024. The company's net income attributable to SLB was $739 million, translating to a diluted earnings per share of $0.50, down from $1.83 per share in the prior year. For the first nine months of 2025, SLB's revenue totaled $25.96 billion, a decline of 4% compared to $27.01 billion in the same period of 2024, with net income attributable to SLB at $2.55 billion, down from $3.37 billion.
The financial performance reflects significant changes compared to the previous fiscal period, particularly influenced by the acquisition of ChampionX Corporation, which contributed approximately $579 million in revenue during the third quarter. However, this was partially offset by a $100 million revenue loss due to production interruptions from a pipeline disruption in Ecuador and the divestiture of SLB's interest in the Palliser APS project. The company also recorded various charges related to workforce reductions and integration costs associated with the ChampionX acquisition, totaling $546 million for the first nine months of 2025.
Operationally, SLB's customer base and geographic reach remained extensive, with the company operating in over 100 countries. As of September 30, 2025, SLB reported a total backlog of $5.6 billion, with approximately 60% expected to be recognized as revenue within the next 12 months. The company’s workforce adjustments included a charge of $57 million for workforce reductions in the third quarter, aimed at aligning resources with activity levels. The total employee headcount and specific user statistics were not disclosed in the filing.
Looking ahead, SLB anticipates a revenue growth trajectory in the fourth quarter, driven by international markets and a full quarter of activity from the ChampionX acquisition. The company expects that OPEC+ production releases will support investment across various regions, particularly in the Middle East and Asia, where SLB has established operations. The outlook suggests that international markets may lead a rebound in activity as supply and demand conditions stabilize, supported by ongoing investments in oil capacity and gas expansion projects.
In summary, SLB's third-quarter results reflect a challenging environment marked by strategic acquisitions and operational adjustments. The company is positioned to leverage its recent acquisitions and market conditions to drive future growth, despite the current decline in revenue and profitability compared to previous periods.
About SCHLUMBERGER LIMITED/NV
Schlumberger Limited (SLB) is a global technology leader in the energy sector, providing innovative solutions across upstream oil and gas exploration, development, and production. Its core segments include digital integration, reservoir performance, well construction, and production systems. SLB supports customers worldwide with advanced technologies, digital platforms, and sustainable energy solutions, emphasizing decarbonization, efficiency, and energy transition, while maintaining a competitive edge through innovation and a diversified, global workforce.
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