Form 10-Q · Quarterly report
Schlumberger 10-Q, filed Jul 29, 2026
- Filed
- CIK
- 0000087347
- Accession no.
- 0001193125-26-322595
Summary
SLB reported second-quarter 2026 revenue of $9.0 billion, up 3% sequentially, with pretax income of $1.0 billion, as offshore growth in Latin America, Europe & Africa and Asia offset a 13% sequential decline in Middle East revenue caused by regional conflict disruptions. First-half 2026 revenue of $17.7 billion rose 4% year on year, but fell 6% excluding the prior-year ChampionX acquisition, which contributed $1.7 billion of first-half Production Systems revenue.
Key points
- Second-quarter 2026 pretax income was $1.019 billion on revenue of $8.972 billion, versus $956 million on $8.721 billion in the first quarter.
- Digital revenue rose 9% sequentially to $697 million with a 28% pretax operating margin, helped by $25 million more in exploration data licenses and transfer fees.
- Production Systems revenue rose 7% sequentially to $3.8 billion, and Data Center Solutions revenue within All Other grew 33%, or $46 million.
- Net debt was $8.7 billion at June 30, 2026, and first-half free cash flow was $693 million, with $1.1 billion spent on share repurchases.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Second Quarter 2026 Compared to First Quarter 2026 (Stated in millions) Second Quarter 2026 First Quarter 2026 Income Income Revenue Before Taxes Revenue Before Taxes Digital $ 697 $ 194 $ 640 $ 134 Reservoir Performance 1,556 232 1,594 257 Well Construction 2,742 417 2,797 424 Production Systems 3,771 586 3,508 497 All Other 505 142 443 113 Eliminations & other (299 ) (167 ) (261 ) (104 ) Corporate & other (1) (211 ) (228 ) Interest income (2) 23 20 Interest expense (3) (128 ) (116 ) Charges and credits (4) (69 ) (41 ) $ 8,972 $ 1,019 $ 8,721 $ 956 (1)Comprised principally of certain corporate…
An excerpt of the text as filed with the SEC, cut for length.
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