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Mar 31, 2025
Schlumberger Q1 2025 Earnings Report
SLB posted mixed Q1 2025 results with revenue and income declining year over year, but reaffirmed its strong shareholder return commitment.
Key Takeaways
SLB reported a slight revenue decline and a sharper drop in net income for Q1 2025, impacted by international slowdowns. However, strength in digital and production segments, along with strong cash flow, enabled the company to reaffirm its $4B capital return target for the year.
Q1 revenue declined 3% YoY to $8.49 billion, impacted by lower activity in international markets.
Net income attributable to SLB dropped 25% YoY to $797 million.
Adjusted EPS was $0.72, while GAAP EPS stood at $0.58.
SLB reaffirmed its commitment to return a minimum of $4 billion to shareholders in 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
SLB expects to maintain strong cash generation and margin discipline amid evolving market dynamics and geopolitical uncertainties.
Positive Outlook
- Reaffirmed $4B capital return commitment for 2025.
- Strong growth in digital and AI business segments.
- Expansion in Production Systems revenue and margin.
- Increased shareholder returns through dividends and share repurchases.
- Positive contribution from new AI and carbon capture initiatives.
Challenges Ahead
- Decline in revenue across key international markets such as Mexico and Saudi Arabia.
- Weak drilling activity in multiple regions including India and West Africa.
- Higher restructuring and integration charges affected profitability.
- Seasonal slowdown impacted several divisions' performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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