SLB said Q1 2025 revenue was $8.5 billion, down 3% year on year. North America revenue grew 8% to $1.7 billion, while international revenue declined 5% to $6.7 billion.

1. 01

   SLB said Q1 2025 revenue was $8.5 billion, down 3% year on year. North America revenue grew 8% to $1.7 billion, while international revenue declined 5% to $6.7 billion.

2. 02

   The company said Digital & Integration revenue for Q1 was $1.0 billion, up 6% year on year, and pretax operating margin was 30%, expanding 380 basis points. Well Construction revenue was $3.0 billion, down 12%, and operating margin was 20%, declining 71 basis points.

3. 03

   SLB completed an accelerated share repurchase of $2.3 billion on April 7, 2025, repurchasing 56.8 million shares at an average price of $40.51. It received 47.6 million shares in January 2025 and 9.2 million shares in April.

4. 04

   As of March 31, 2025, the company held cash and short-term investments of $3.9 billion and committed credit facilities of $5.0 billion, all of which were available. It also entered into an agreement to sell its interest in the Palliser APS project for approximately $430 million, with closing expected in Q2 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$8.5B

Net income

$797M

EPS

$0.58

Operating cash flow

$660M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.