SLB (SLB) – NYSE: Q2 2025 Financial Results Summary

# SLB (NYSE: SLB) Second Quarter 2025 Results – Summary

Release Date: July 18, 2025

SLB has reported its financial results for the second quarter of 2025. Below is a summary of the key financial metrics, comparisons, and other relevant information.

## Financial Highlights

– **Revenue**
– **Total Revenue**: $8.55 billion
– **Sequential Change**: Increased by **1%** from $8.49 billion in Q1 2025
– **Year-on-Year Change**: Decreased by **6%** from $9.14 billion in Q2 2024
– **Revenue by Geography**:
– **International Revenue**: $6.85 billion (increased by **2%** sequentially, decreased by **8%** year-on-year)
– **North America Revenue**: $1.65 billion (decreased by **4%** sequentially, increased by **1%** year-on-year)

– **Net Income**
– **Net Income Attributable to SLB**: $1.01 billion
– **Sequential Change**: Increased by **27%** from $797 million in Q1 2025
– **Year-on-Year Change**: Decreased by **9%** from $1.11 billion in Q2 2024

– **Earnings Per Share (EPS)**
– **GAAP EPS**: $0.74
– **Sequential Change**: Increased by **28%** from $0.58 in Q1 2025
– **Year-on-Year Change**: Decreased by **4%** from $0.77 in Q2 2024
– **EPS, Excluding Charges and Credits**: $0.74
– **Sequential Change**: Increased by **3%** from $0.72 in Q1 2025
– **Year-on-Year Change**: Decreased by **13%** from $0.85 in Q2 2024

– **Adjusted EBITDA**: $2.05 billion
– **Sequential Change**: Increased by **2%** from $2.02 billion in Q1 2025
– **Year-on-Year Change**: Decreased by **10%** from $2.29 billion in Q2 2024
– **Adjusted EBITDA Margin**: 24.0%

– **Cash Flow**
– **Cash Flow from Operations**: $1.14 billion
– **Free Cash Flow**: $622 million

## Dividends and Share Repurchase

– **Quarterly Dividend Declared**: $0.285 per share, payable on October 9, 2025, to shareholders of record on September 3, 2025.
– **Stock Repurchase Program**: No stock repurchases were reported in the second quarter of 2025.

## Segment Performance
### Revenue by Division:
1. **Digital & Integration**: $995 million
– **Sequential Change**: Decreased by **1%**
– **Year-on-Year Change**: Decreased by **5%**

2. **Reservoir Performance**: $1.69 billion
– **Sequential Change**: Decreased by **1%**
– **Year-on-Year Change**: Decreased by **7%**

3. **Well Construction**: $2.96 billion
– **Sequential Change**: Decreased (flat)
– **Year-on-Year Change**: Decreased by **13%**

4. **Production Systems**: $3.04 billion
– **Sequential Change**: Increased by **3%**
– **Year-on-Year Change**: (Essentially flat)

### Operating Income by Division:
– **Digital & Integration**: $327 million (increased by **7%** sequentially)
– **Reservoir Performance**: $314 million (increased by **12%** sequentially)
– **Well Construction**: $551 million (decreased by **6%** sequentially)
– **Production Systems**: $499 million (increased by **5%** sequentially)

## Geographic Revenue Overview
– **Latin America**: $1.49 billion (essentially flat sequentially, decreased by **14%** year-on-year)
– **Europe & Africa**: $2.37 billion (increased by **6%** sequentially, decreased by **3%** year-on-year)
– **Middle East & Asia**: $2.99 billion (essentially flat sequentially, decreased by **9%** year-on-year)

## Additional Highlights
– **Acquisition**: On July 16, 2025, SLB completed its acquisition of ChampionX, aimed at strengthening its portfolio in the production and recovery market.
– **Market Conditions**: CEO Olivier Le Peuch noted that SLB maintained resilience amid macroeconomic uncertainties and fluctuations in oil supply from OPEC+.

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This report summarizes SLB’s financial performance for Q2 2025, highlighting revenue, net income, earnings per share, segment results, and geographical performance, alongside key corporate actions regarding dividends and acquisitions.

Here are the extracted tables from the press release:

### Condensed Consolidated Statement of Income
*(Stated in millions, except per share amounts)*

### Condensed Consolidated Balance Sheet
*(Stated in millions)*