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Schlumberger (SLB) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.85 per share a year ago.
SLB's fortunes are closely tied to crude prices, and they've been falling this year.
Top oilfield services company SLB reported a lower profit for the second quarter on Friday, as weaker drilling activity in Saudi Arabia and Latin America dragged its international business.
PARIS--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the second-quarter 2025. Second-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Jun. 30,2025 Mar. 31,2025 Jun. 30,2024 Sequential Year-on-year Revenue $8,546 $8,490 $9,139 1% -6% Income before taxes - GAAP basis $1,285 $1,063 $1,421 21% -10% Income before taxes margin - GAAP basis 15.0% 12.5% 15.5% 251 bps -52 bps Net income attributable to SLB - GAAP basis $1,014 $797 $1,112 27% -9% Dil.
Schlumberger Limited SLB will release earnings results for the second quarter, before the opening bell on Friday, July 18.
"Ever-growing hunger" for electricity over A.I. demand makes the energy sector one investors should watch.
SLB's Q2 earnings are likely to have faced pressure from rig pullbacks and weak drilling despite digital growth and AI adoption gains.
SLB's stock (NYSE: SLB) is scheduled to announce its fiscal second-quarter earnings on Friday, July 18, 2025. Analysts forecast that the firm will disclose earnings of $0.75 per share on $8.51 billion in revenue.
Stewart Glickman gives investors his "big picture" view on the energy sector. He touches on Kinder Morgan (KMI) ahead of the company's earnings after Wednesday's closing bell and explains why it holds more value than many realize.
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) announced today that it has closed its previously announced acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB's outstanding shares of common stock. This strategic acquisition strengthens SLB's leadership in the production and recover.