Schlumberger Limited's Stock Analysis

Schlumberger Reports Second-Quarter 2025 Financial Results

Schlumberger Limited announced its second-quarter 2025 results, reporting steady revenue and slightly higher adjusted EBITDA and margins. The company experienced a sequential increase in international revenue, driven by growth in regions such as the Middle East, Asia, Europe, and North Africa, despite facing regional slowdowns in some key markets. Production Systems revenue grew by 3%, marking 17 consecutive quarters of year-on-year growth, driven by strong sales in artificial lift and midstream production systems. The company also noted a focus on production and recovery efforts as customers aim to maximize asset value in a capital-disciplined environment.

Additionally, Schlumberger completed the acquisition of ChampionX, which is expected to enhance its portfolio in the production and recovery market. The company declared a quarterly cash dividend of $0.285 per share, payable on October 9, 2025. For the second quarter of 2025, cash flow from operations was $1.14 billion, and free cash flow was $622 million. The adjusted EBITDA for the quarter was $2.051 billion, with an adjusted EBITDA margin of 24.0%. The company continues to adapt to market conditions while managing costs and maintaining a diversified portfolio across various geographical areas.

Jul 18, 2025 07:05:41

Schlumberger Completes Acquisition of ChampionX Corporation

Schlumberger Limited has finalized its acquisition of ChampionX Corporation in an all-stock transaction, where ChampionX shareholders received 0.735 shares of Schlumberger common stock for each share of ChampionX. This merger positions ChampionX as a wholly owned subsidiary of Schlumberger, allowing former ChampionX shareholders to hold approximately 9% of Schlumberger's outstanding shares. The integration aims to enhance Schlumberger’s portfolio with ChampionX’s production chemicals and technologies, driving innovation and performance in oil and gas production.

The acquisition is expected to create annual pretax synergies of around $400 million within the first three years through revenue growth and cost savings. Schlumberger continues to focus on returning $4 billion to shareholders in 2025. The merger is seen as a strategic move to strengthen Schlumberger’s presence in the production and recovery sector, aligning with its capital-light growth strategy and enhancing its ability to provide integrated production solutions.

Jul 16, 2025 16:06:47

Schlumberger to Acquire ChampionX in All-Stock Merger Deal

Schlumberger Limited has entered into a Merger Agreement to acquire ChampionX Corporation in an all-stock transaction, with the merger expected to close on July 16, 2025. The U.K. Competition and Markets Authority has cleared the merger, which is the final regulatory condition needed for completion. Until the merger is finalized, both companies will continue to operate independently.

Investors are advised to review the registration statement and proxy statement/prospectus filed with the SEC for important details regarding the transaction. The definitive proxy statement/prospectus was declared effective on May 15, 2024, and has been mailed to ChampionX stockholders. Additional documents related to the merger will also be available on the SEC website and the investor relations pages of both Schlumberger and ChampionX.

Jul 15, 2025 09:09:17

SLB Reports Flat Revenue and Adjusted EBITDA in Q2

SLB has provided an operational update indicating that market uncertainty has led customers to adopt a cautious approach towards short-cycle activities. The company reported a decline in rig counts in Saudi Arabia and lower activity levels in Latin America, which have impacted performance. While well construction margins have declined, other divisions have remained steady or shown improvement.

In terms of financials, SLB's revenue and adjusted EBITDA remained flat from Q1 to Q2. The company has committed to a minimum of $4 billion in returns to shareholders for the full year 2025. This commitment may influence investor sentiment and stock performance as the company navigates current market challenges.

Jun 24, 2025 09:02:18

SLB Reports Q1 2025 Results, Commits $4 Billion to Shareholders

SLB announced its first-quarter 2025 results, reporting revenue of $8.49 billion, a 3% decrease year-on-year. The company’s GAAP earnings per share (EPS) were $0.58, down 22% from the previous year, while adjusted EPS, excluding charges and credits, was $0.72, a 4% decrease year-on-year. Net income attributable to SLB fell 25% to $797 million, and adjusted EBITDA decreased by 2% to $2.02 billion. However, cash flow from operations increased by $333 million year-on-year to $660 million, and the board approved a quarterly cash dividend of $0.285 per share, payable on July 10, 2025, to stockholders of record on June 4, 2025. SLB is committed to returning a minimum of $4 billion to shareholders in 2025 through dividends and share repurchases.

Despite a decline in revenue, SLB's adjusted EBITDA margin improved slightly year-on-year, driven by cost reduction initiatives and growth in its digital business. The company reported a mixed performance across its divisions, with Production Systems revenue increasing by 4% due to strong demand, while Well Construction revenue fell by 12% due to lower drilling activity in key regions. SLB's digital revenue grew 17% year-on-year, reflecting increased adoption of digital technologies by customers. The company also highlighted ongoing contract awards and technology innovations aimed at enhancing operational efficiency and customer value.

Apr 25, 2025 07:09:20

SLB Reports $9.28 Billion Revenue with Increased Dividend and Buyback

SLB announced a fourth-quarter revenue of $9.28 billion, showing a slight increase of 1% from the previous quarter and 3% year-over-year. The company also reported a 3.6% increase in its quarterly cash dividend to $0.285 per share and initiated $2.3 billion in accelerated share repurchases, reflecting a commitment to return value to shareholders. Additionally, full-year revenue reached $36.29 billion, marking a 10% increase from the prior year, alongside a 12% growth in adjusted EBITDA, indicating solid financial performance despite some challenges in specific regions.

Conversely, SLB's fourth-quarter GAAP EPS decreased by 7% sequentially, remaining flat year-on-year, while net income attributable to the company fell by 8% from the previous quarter and 2% compared to the same period last year. The North America segment showed a decline in full-year revenue by 1%, and the Latin America region experienced a 3% sequential decline in revenue due to reduced drilling activity in Mexico. These factors highlight some operational challenges amidst the overall positive financial metrics.

Jan 17, 2025 07:08:29

SLB Reports Strong Q3 2024 Results with Increased Earnings

SLB announced solid financial results for the third quarter of 2024, featuring steady revenue of $9.16 billion, which marks a 10% increase compared to the previous year. Earnings per share also rose, reaching $0.83, an 8% sequential increase. The company reported a net income of $1.19 billion, a 7% sequential rise, and strong cash flow from operations at $2.45 billion. The board approved a quarterly cash dividend, reflecting the company's commitment to returning value to shareholders amidst a cautious macroeconomic environment.

Despite challenges such as lower oil prices affecting some customers' spending, SLB managed to expand its margins and earnings, particularly through its digital products and long-cycle projects. The company experienced growth in its digital segment, with a notable 25% year-on-year increase, and secured several significant contracts across various regions, enhancing its market position. However, the performance in Latin America declined, and overall revenue growth was tempered by subdued land activity in the U.S., indicating some areas of concern amid a generally positive financial outlook.

Oct 18, 2024 07:08:59

SLB Reports Strong Q2 2024 Results and Growth Outlook

SLB's Q2 2024 revenue increased 5% sequentially and 13% year on year, with positive growth in EPS, net income, and EBITDA. The company's international markets drove revenue growth, particularly in Production Systems, Reservoir Performance, and Digital Divisions. SLB acquired Aker subsea business, boosting revenue. The CEO highlighted strong financial performance, emphasizing margin expansion and cash flow. SLB plans to return $3.0 billion to shareholders in 2024. The company aims for mid-teens growth in adjusted EBITDA for the full year and anticipates further margin expansion through digital sales and cost efficiency programs.

Jul 19, 2024 07:04:04

SLB First-Quarter 2024 Results: Revenue Growth and Shareholder Returns

SLB's first-quarter 2024 results show a 13% revenue increase, with net income and adjusted EBITDA rising by 14% and 15% respectively year on year. International revenue grew by 18%, compensating for a 6% decline in North America. The company plans to return $7 billion to shareholders over 2024-2025. CEO highlights successful acquisitions and revenue growth, affirming mid-teens EBITDA growth for the year. SLB anticipates margin expansion and increased activity in the coming quarters, driven by global market fundamentals and strategic acquisitions.

Apr 19, 2024 07:00:07

SLB Acquires ChampionX, Enhancing Production Solutions

Schlumberger (SLB) announces acquisition of ChampionX, boosting production capabilities. Deal to provide $400 million annual synergies in three years. SLB aims for $3 billion shareholder returns in 2024, targeting $4 billion in 2025. Transaction approval pending, closing expected by end of 2024. Combined expertise to offer advanced solutions for oil and gas production. Both companies emphasize innovation, technology, and sustainability in energy sector.

Apr 02, 2024 09:26:30