Short answer
Schlumberger (SLB) filed its fiscal 2025 10-K annual report with the SEC on Jan 23, 2026. It reported revenue of $35.7B (−1.6% year over year) and net income of $3.4B.
- Top risk flagged: Regulatory/legal risk: Ongoing tax audits in over 100 jurisdictions with potential for material additional tax liabilities due to evolving laws and uncertain ultimate outcomes
FY2025 key financial metrics · XBRL
- Revenue
- $35.7B
- −1.6% YoY
- Net income
- $3.4B
- −24.4% YoY
- EPS (diluted)
- $2.35
- −24.4% YoY
- ROE
- 12.9%
- −8.2 pp YoY
- Operating cash flow
- $6.5B
- −1.7% YoY
Source: XBRL data from the Schlumberger (SLB) FY2025 10-K on SEC EDGAR. USD.
Schlumberger FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Oilfield services and technology provider specializing in energy sector equipment and solutions
- No new products, services, or segments explicitly introduced or emphasized in FY 2026 filing
- Continued emphasis on compliance with Code of Conduct and securities transaction policies for governance and ethical standards
- Leadership diversity includes former executives from energy firms (Woodside, TotalEnergies, Wintershall) and tech (IBM) reflecting broad expertise
- Ongoing amendments to senior note indentures with latest issued March 13, 2025, indicating active capital markets engagement
Risk Factors
- Regulatory/legal risk: Ongoing tax audits in over 100 jurisdictions with potential for material additional tax liabilities due to evolving laws and uncertain ultimate outcomes
- Geopolitical/macro exposure: 2025 revenue declines in Saudi Arabia, Mexico, and offshore Sub-Saharan Africa contributed to 5% international revenue drop
- Operational/supply chain: Significant loss on a project in SLB Capturi joint venture and pipeline disruption in Ecuador causing $100 million APS revenue loss
- Competitive/market disruption: Rapid 121% growth in Data Center Solutions leveraging hyperscaler partnerships highlights digital technology as a key growth and competitive focus
- Financial risk: $7.4 billion net debt with maturities including $1.9 billion due in 2026, plus $1.1 billion goodwill impairment in 2025 primarily from SLB Capturi indicating asset risk
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