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Jun 30
Schlumberger Q2 2025 Earnings Report
SLB reported steady Q2 2025 results with resilient revenue and higher sequential earnings despite year-on-year declines.
Key Takeaways
SLB delivered $8.55B in revenue and $1.01B in net income in Q2 2025, driven by strong production systems demand and stable upstream spending. The company finalized the ChampionX acquisition to expand its production and recovery business.
Revenue reached $8.55B, up 1% sequentially but down 6% YoY
Net income grew to $1.01B, up 27% sequentially
Adjusted EBITDA was $2.05B with a 24% margin
ChampionX acquisition boosts exposure to production & recovery markets
Schlumberger
Schlumberger
Schlumberger Revenue by Segment
Schlumberger Revenue by Geographic Location
Revenue by Segment
Digital & Integration Revenue
CapyFin.comReservoir Performance Revenue
CapyFin.comWell Construction Revenue
CapyFin.comProduction Systems Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope & Africa Revenue
CapyFin.comMiddle East & Asia Revenue
CapyFin.com Forward Guidance
SLB remains constructive for H2 2025, supported by strong positions in key markets and increased exposure to production and recovery solutions.
Positive Outlook
- ChampionX acquisition enhances production & recovery market exposure
- Resilient upstream spending despite global uncertainty
- Strong demand for production systems and digital solutions
- Positive outlook for key markets including Middle East and Asia
- Cost discipline expected to support peer-leading EBITDA margins
Challenges Ahead
- Soft upstream spending in certain regions
- Reduced deepwater and land drilling activity in several markets
- Macroeconomic uncertainty and geopolitical tensions
- Lower production system sales in some regions
- Potential headwinds from OPEC+ supply and trade negotiations