SLB Q4 Earnings Call Highlights

1 week ago 15

MarketBeat

Fri, January 23, 2026 astatine 10:56 AM CST 8 min read

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SLB closed Q4 with beardown results — $9.7 billion gross (up 9% sequentially), adjusted EBITDA borderline of 23.9% (up 83 bps), Q4 escaped currency travel of $2.3 billion, nett indebtedness reduced to $7.4 billion, and $4.0 billion returned to shareholders successful 2025.
Results were led by Digital (Q4 gross $825M, +25% seq, 34% pre‑tax borderline and ARR >$1B) and Production Systems (Q4 $4.1B driven by ChampionX integration), alongside caller AI initiatives similar the Tela strategy and an ADNOC partnership.
For 2026 SLB guided gross of $36.9–$37.7 billion and adjusted EBITDA of $8.6–$9.1 billion, expects a first‑half seasonal dip with a rebound later, and highlighted maturation levers successful subsea tendering (>500 trees, multi‑year >$9B opportunity) and information centers targeting a $1B yearly tally complaint by end‑2026.
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SLB (NYSE:SLB) executives pointed to a stronger decorativeness to 2025, improving planetary enactment trends, and expanding maturation avenues successful digital, accumulation recovery, and information halfway infrastructure during the company’s fourth-quarter and full-year 2025 net call.

Chief Executive Officer Olivier Le Peuch said the institution ended 2025 with “strong operational and fiscal performance” successful the 4th quarter, citing sequential gross growth, borderline expansion, and “substantial currency travel generation” contempt what helium described arsenic a challenging macro environment.

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Companywide fourth-quarter gross totaled $9.7 billion, up $817 million, oregon 9%, sequentially, according to Chief Financial Officer Stéphane Biguet. Management attributed astir $300 cardinal of the summation to an other period of consolidation from the acquired ChampionX businesses, and said that excluding ChampionX, planetary gross roseate 6% sequentially. Le Peuch added that SLB delivered astir $500 cardinal of integrated gross maturation successful the quarter, alongside the ChampionX contribution.

Le Peuch said the 4th included sequential maturation crossed each geographies for the archetypal clip since the 2nd 4th of 2024, which helium framed arsenic a motion that planetary upstream enactment has stabilized with aboriginal signs of a rebound successful cardinal markets. He highlighted stronger end-product income successful Production Systems, higher exploration information sales, and beardown request for integer operations “across each areas.”

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