SLB reported second-quarter results that exceeded Wall Street expectations, with revenue of $8.97 billion beating analyst estimates of $8.68 billion and adjusted earnings per share of $0.55 surpassing the $0.52 consensus. The 4.5% year-on-year revenue decline was offset by broad-based international growth and a rebound in North American operations, while operating margin narrowed to 13.3% from 14.3% a year earlier. CEO Olivier Le Peuch highlighted higher offshore activity in Latin America, Europe, Africa, and Asia, along with increased U.S. land demand, though Middle East operations remained constrained by ongoing conflict. During the earnings call, analysts pressed management on the pace of Middle East recovery, the durability of the exploration cycle, offshore growth prospects for 2027, the economics of the new Data Center Solutions business, and revenue potential in Venezuela. The company noted that Data Center Solutions is capital-light with strong free cash flow despite lower margins, and it is preparing to scale operations in Venezuela with contracts secured for 2027.
SLB N.V.Q2 earnings beat estimates with revenue and EPS above consensus.
Schlumberger NVQ2 earnings beat estimates with revenue and EPS above consensus.