AI English summary of an SEC filing — figures as filed
SLB SLBThe company said its third-quarter revenue for Q3 2026 rose to $9.4 billion, up 5% from the Q2, with all regions growing sequentially. It said revenue in the Middle East grew 13% from the prior quarter despite disruptions late in the quarter.
Key points
AI summaryThe company said its third-quarter revenue for Q3 2026 rose to $9.4 billion, up 5% from the Q2, with all regions growing sequentially. It said revenue in the Middle East grew 13% from the prior quarter despite disruptions late in the quarter.
The company said revenue for the first nine months of 2026 rose 5% year on year to $27.1 billion, but excluding the contribution from the ChampionX acquisition completed last year, it fell 4%. It said Middle East revenue declined 16%, and it attributed the decline mainly to operational disruptions related to the conflict in the region.
The company said its effective tax rate for Q3 was 23%, up from 20% for Q2, mainly due to the $187 million pension settlement charge (pension settlement charge), which is not tax deductible. The effective tax rate for both the first 9 months of 2026 and 2025 was 21%.
The company said on August 31, 2026 that it signed an agreement to acquire Kelvion, a provider of thermal management and heat exchange technologies, for approximately $3.4 billion in cash and the assumption of approximately $0.7 billion of debt. It said the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2027.
Summary
AI-writtenAnalysis 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.
QQ3 Revenue of $9.4 billion, Up 5% Sequentially
The company said its third-quarter revenue for Q3 2026 rose to $9.4 billion, up 5% from the Q2, with all regions growing sequentially. It said revenue in the Middle East grew 13% from the prior quarter despite disruptions late in the quarter.
Source · Based on the MD&A text of the filing
Nine-Month 2026 Revenue of $27.1 billion, Middle East Down 16%
The company said revenue for the first nine months of 2026 rose 5% year on year to $27.1 billion, but excluding the contribution from the ChampionX acquisition completed last year, it fell 4%. It said Middle East revenue declined 16%, and it attributed the decline mainly to operational disruptions related to the conflict in the region.
Source · Based on the MD&A text of the filing
Q3 Pension Settlement Charge of $187 million, Tax Rate at 23%
The company said its effective tax rate for Q3 was 23%, up from 20% for Q2, mainly due to the $187 million pension settlement charge (pension settlement charge), which is not tax deductible. The effective tax rate for both the first 9 months of 2026 and 2025 was 21%.
Source · Based on the MD&A text of the filing
Kelvion Acquisition Agreement for About $3.4 billion in Cash
The company said on August 31, 2026 that it signed an agreement to acquire Kelvion, a provider of thermal management and heat exchange technologies, for approximately $3.4 billion in cash and the assumption of approximately $0.7 billion of debt. It said the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2027.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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.
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