SLB NV
slb.comWhat Do They Do?
Provides oilfield services and equipment to oil and gas operators for reservoir evaluation, well construction, and production; also sells digital software and data, and data-center infrastructure to hyperscalers and enterprises.
10-K for FY2025, filed Jan 23, 2026Reservoir Performance – Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and…View ↗
Well Construction – Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling…View ↗
Production Systems – Develops technologies and provides expertise that enhances production and recovery of oil and gas assets from…View ↗
Platforms & Applications: Includes SLB’s cloud technologies such as the Delfi™ and Lumi™ platforms, along with a suite of specialized…View ↗
Data Center Solutions: Designs and manufactures critical infrastructure components — such as modular data center enclosures, cooling…View ↗
How Do They Make Money?
Services are the larger business: customers pay for short-term services and products after invoicing; custom construction jobs are billed in phases as work progresses.
10-K for FY2025, filed Jan 23, 2026
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10-K for FY2025, filed Jan 23, 2026
FY2025 revenue by product or service ↗
$35.7B
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10-K for FY2025, filed Jan 23, 2026
$35.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Services
Sold outright
10-K for FY2025, filed Jan 23, 2026 |
59%
FY2022: 70%
|
Services, FY2025
$21.2B Sources
|
Sold outright |
|
Product
Sold outright
10-K for FY2025, filed Jan 23, 2026 |
41%
FY2022: 30%
|
Product, FY2025
$14.5B Sources
|
Sold outright |
Who Are Their Customers?
Its primary buyers are national oil companies, large integrated oil companies, and independent operators.
10-K for FY2025, filed Jan 23, 2026SLB’s primary customers are national oil companies, large integrated oil companies, and independent operators. No single customer exceeded…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
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Aug 31, 2026
Agreed to acquire Kelvion for data-center thermal technologies
The deal would add thermal management and heat-exchange technologies to Data Center Solutions.
Sources
8-K, filed Aug 31, 2026
HOUSTON, August 31, 2026 — SLB (NYSE: SLB) today announced it has signed an agreement to acquire Kelvion, a global provider of thermal…View ↗
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Mar 11, 2026
Lowered first-quarter outlook after Middle East disruptions
SLB said first-quarter revenue would be lower than expected and estimated a 6-9 cents impact to earnings per diluted share.
Sources
8-K, filed Mar 11, 2026
SLB revenue for the first quarter will be lower than expected, and the company expects to incur additional costs resulting in an impact of…View ↗
Growing. Revenue grew 56% in 4 years, from $22.9B in FY2021 to $35.7B in FY2025, about 12% a year.
Broader data-center and industrial offerings
The earlier report emphasized oil and gas services while describing a growing focus on low- and zero-carbon energy technology; the latest also describes data-center infrastructure and expansion beyond oil and gas into industrial and new-energy markets.
10-K for FY2022, filed Jan 25, 2023 10-K for FY2025, filed Jan 23, 2026We are SLB. In October 2022, we announced our brand which is built around a new name—SLB—and a logo that underscores our vision for a…View ↗
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