Short answer
Schlumberger (SLB) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $8.7B (up 2.7% year over year) with net income of $752M.
Q1 2026 key financials · XBRL
- Revenue
- $8.7B
- +2.7% YoY
- Net income
- $752M
- −5.6% YoY
- EPS (diluted)
- $0.50
- −13.8% YoY
Source: XBRL data from the Schlumberger (SLB) Q1 2026 10-Q on SEC EDGAR. USD.
Schlumberger Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $8.7B, up 3% YoY from $8.49B; excluding ChampionX, down $607M, or 7%
- Well Construction worst segment: revenue $2.8B, down 6%; margin 15% vs 19.63% YoY
- Production Systems best growth: revenue $3.5B, up 23%, including $833M from ChampionX
- Operating cash flow $487M vs $660M YoY; free cash flow negative $23M vs $103M
- Middle East conflict disrupted operations; management expects upstream recovery in 2027 and 2028 absent prolonged conflict
Risk Factors
- No material changes to 10-K risk factors as of filing date
- Iran sanctions exposure from residual dealings and accounts at Saderat and Tejarat
- Regulatory exposure from Mine Safety and Health Administration oversight
- Concentration risk from outstanding NIOC receivables deposited through Iranian banks
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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