SLB tops quarterly profit estimates

  • January 26, 2026

SLB Readies Rapid Expansion in Venezuela - WSJ
SLB, the world’s top oilfield services provider we once knew as Schlumberger, said the headwinds experienced in 2025 are behind it and the company showed it by beating Wall Street estimates for fourth-quarter profit on Friday.
Quarterly revenue accounted for nearly 22% of the total and rose nearly 26% as SLB’s acquisition of ChampionX last summer helped offset weak activity in the region. As a result, the company said it was committed to return more than $4 billion to shareholders in 2026.
Fourth quarter revenues totaled $9.75 billion and increased 9% sequentially and 5% year on year. Fourth-quarter net income attributable to SLB of $824 million increased 12% sequentially and decreased 25% year on year. Fourth-quarter adjusted EBITDA of $2.33 billion increased 13% sequentially and decreased 2% year on year. Its fourth quarter cash flow from operations was $3.01 billion and SLB said its free cash flow was $2.29 billion.

“SLB concluded the year with very strong fourth-quarter results driven by Production Systems, Digital and Reservoir Performance,” said SLB Chief Executive Officer Olivier Le Peuch.

“Fourth-quarter revenue increased sequentially across all four geographies for the first time since the second quarter of 2024, reflecting stabilized global upstream activity.”

The company also approved a 3.5% increase in quarterly cash dividend to $0.295 per share.

“As we move into 2026, we believe that the headwinds we experienced in key regions in 2025 are behind us. In particular, we expect rig activity in the Middle East to increase compared to today’s level, and our footprint in the region puts us in a strong position to benefit from this recovery,” Le Peuch said.

Jerry Bohnen