Form 10-Q · Quarterly report
Schlumberger 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0000087347
- Accession no.
- 0001193125-26-435577
Summary
Schlumberger (SLB) reported third-quarter 2026 revenue of $9.4 billion, up 5% sequentially, and nine-month revenue of $27.1 billion, up 5% year over year, though excluding the ChampionX acquisition nine-month revenue fell 4% due to Middle East conflict-related disruptions. Third-quarter pretax income was $1.0 billion, with sequential improvement in Production Systems, Well Construction and Reservoir Performance as Middle East operations recovered.
Key points
- Third-quarter 2026 revenue was $9.449 billion, up 5% sequentially, with pretax income of $1.019 billion.
- Nine-month 2026 revenue was $27.142 billion, up 5% year over year, but excluding the ChampionX acquisition it declined 4% year over year, largely from a 16% or $1.1 billion revenue decline in the Middle East due to conflict-related operational disruptions.
- Middle East revenue grew 13% sequentially in the third quarter despite late-quarter disruptions, and Production Systems, Well Construction and Reservoir Performance margins improved as Middle East operations recovered.
- SLB recorded a $187 million pension settlement charge and $55 million in merger and integration charges in the third quarter of 2026, while Data Center Solutions revenue rose 23% sequentially.
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. Third Quarter 2026 Compared to Second Quarter 2026 (Stated in millions) Third Quarter 2026 Second Quarter 2026 Income Income Revenue Before Taxes Revenue Before Taxes Digital $ 693 $ 194 $ 697 $ 194 Reservoir Performance 1,634 266 1,556 232 Well Construction 2,888 475 2,742 417 Production Systems 4,000 646 3,771 586 All Other 544 136 505 142 Eliminations & other (310 ) (141 ) (299 ) (167 ) Corporate & other (1) (204 ) (211 ) Interest income (2) 22 23 Interest expense (3) (133 ) (128 ) Charges and credits (4) (242 ) (69 ) $ 9,449 $ 1,019 $ 8,972 $ 1,019 (1)Comprised principally of certain corporate…
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.