SLB LIMITED/NV

Listed Company

SLBCIK 0000087347NYSELarge AcceleratedOil & Gas Field Services, NecP8FY ends Dec 31

Period

FY 2025

Revenue

$35.71B

Net Income

$3.37B

Total Assets

$54.87B

Equity

$26.11B

Shares Out

1.50B

Op. Cash Flow

$6.49B

Business

SLB LIMITED/NV is a global technology company that develops and commercializes energy technologies and services to drive energy innovation and decarbonization. It offers digital platforms and software, asset performance and field production solutions, reservoir evaluation, stimulation and intervention services, well construction products and services, subsea and surface production systems, artificial lift and completions equipment, valves, and New Energy solutions such as carbon capture, geothermal, and critical minerals extraction. SLB operates through four Divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Its operations and sales are global, organized into four regional Basins (Americas Land, Offshore Atlantic, Middle East & North Africa, and Asia) and serve national and integrated oil companies and independent operators across more than 100 countries.

Summary from filing dated 2025-01-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenue	35,708	36,289	33,135	28,091	22,929
Interest & other income	481	380	342	610	148
Research & engineering	709	749	711	634	554
General & administrative	340	385	364	376	339
Restructuring & other	457	237	—	—	—
Impairments	331	162	—	—	—
Merger & integration	302	123	45	—	—
Interest	558	512	503	490	539
Income before taxes	4,291	5,672	5,282	4,271	2,374
Tax expense	840	1,093	1,007	779	446
Net income	3,451	4,579	4,275	3,492	1,928
Net income attributable to noncontrolling interests	77	118	72	51	47
Net income attributable to SLB	3,374	4,461	4,203	3,441	1,881
Basic earnings per share of SLB	2.38	3.14	2.95	2.43	1.34
Diluted earnings per share of SLB	2.35	3.11	2.91	2.39	1.32
Basic	1,421	1,421	1,425	1,416	1,400
Assuming dilution	1,437	1,436	1,443	1,437	1,427

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	3,036	3,544	2,900	1,655	1,757
Short-term investments	1,176	1,125	1,089	1,239	1,382
Receivables less allowance for doubtful accounts (2025 - $335; 2024 - $325)	8,689	8,011	7,812	6,766	5,315
Inventories	5,032	4,375	4,387	3,999	3,272
Other current assets	1,580	1,515	1,530	1,344	928
Current assets total	19,513	18,570	17,718	15,003	12,654
Investments in Affiliated Companies	1,783	1,635	1,624	1,581	2,044
Fixed Assets less accumulated depreciation	7,894	7,359	7,240	6,607	6,429
Goodwill	16,794	14,593	14,084	12,982	12,990
Intangible Assets	4,988	3,012	3,239	2,992	3,211
Other Assets	3,896	3,766	4,052	3,970	4,183
Total Assets	54,868	48,935	47,957	43,135	41,511
Accounts payable and accrued liabilities	11,490	10,375	10,904	9,121	8,382
Estimated liability for taxes on income	894	982	994	1,002	879
Short-term borrowings and current portion of long-term debt	1,894	1,051	1,123	1,632	909
Dividends payable	443	403	374	263	189
Current Liabilities Total	14,721	12,811	13,395	12,018	10,359
Long-term Debt	9,742	11,023	10,842	10,594	13,286
Postretirement Benefits	479	512	175	165	231
Deferred Taxes	644	67	140	61	94
Other Liabilities	1,991	2,172	2,046	2,308	2,255
Total Liabilities	27,577	26,585	26,598	25,146	26,225
Common stock	16,354	11,458	11,624	11,837	12,608
Treasury stock	−3,576	−1,773	−678	−1,016	−2,233
Retained earnings	18,067	16,395	13,497	10,719	8,199
Accumulated other comprehensive loss	−4,736	−4,950	−4,254	−3,855	−3,570
SLB stockholders' equity	26,109	21,130	20,189	17,685	15,004
Noncontrolling interests	1,182	1,220	1,170	304	282
Total equity	27,291	22,350	21,359	17,989	15,286
Liabilities and stockholders equity	54,868	48,935	47,957	43,135	41,511

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2,643	2,519	2,312	2,147	2,120
Amortization of inventory purchase accounting adjustment	166	43	11	—	—
Gains on sales of investments	—	−24	−36	—	—
Gain on sale of APS project	−149	—	—	—	—
Deferred taxes	−279	−41	28	−39	−31
Stock-based compensation expense	332	316	293	313	324
Earnings of equity method investments, less dividends received	−59	−18	−132	−96	10
Increase in receivables	−75	−236	−659	−1,728	−36
Increase in inventories	−72	−101	−254	−737	75
Decrease in other current assets	10	3	121	−44	387
Decrease (increase) in other assets	−22	13	−10	−45	−2
Increase (decrease) in accounts payable and accrued liabilities	218	−635	780	704	160
Decrease in estimated liability for taxes on income	−141	−51	−62	96	−154
Increase (decrease) in other liabilities	38	34	−76	23	−26
Other	97	39	46	−19	−39
NET CASH PROVIDED BY OPERATING ACTIVITIES	6,489	6,602	6,637	3,720	4,651
Capital expenditures	−1,694	−1,931	−1,939	−1,618	−1,141
APS investments	−428	−483	−507	−587	−474
Exploration data capitalized	−252	−198	−153	−97	—
Cash acquired in ChampionX Corporation acquisition	479	—	—	—	—
Proceeds from sale of APS project	338	—	—	—	—
Proceeds from sale of ChampionX Drilling Technologies business	286	—	—	—	—
Other business acquisitions and investments, net of cash acquired	−187	−553	−242	—	—
(Purchase) sale of short-term investments, net	−33	−32	117	138	—
Purchases of Blue Chip Swap securities	−224	−207	−185	−259	—
Proceeds from sales of Blue Chip Swap securities	194	152	97	111	—
Proceeds from sale of Liberty shares	—	—	137	732	109
Other	109	107	−108	−93	−58
NET CASH USED IN INVESTING ACTIVITIES	−1,412	−3,145	−2,783	−1,388	−919
Dividends paid	−1,602	−1,533	−1,317	−848	−699
Stock repurchase program	−2,414	−1,737	−694	—	—
Proceeds from employee stock purchase plan	222	219	191	142	137
Proceeds from exercise of stock options	7	29	90	81	—
Taxes paid on net-settled stock-based compensation awards	−61	−90	−169	−93	−24
Proceeds from issuance of long-term debt	—	1,475	994	—	34
Repayment of long-term debt	−1,597	−955	−1,578	−1,650	−2,076
Net (decrease) increase in short-term borrowings	−19	−115	2	37	−105
Other	−178	−65	−31	−51	−91
NET CASH USED IN FINANCING ACTIVITIES	−5,642	−2,772	−2,512	−2,382	−2,824
Net (decrease) increase in cash before translation effect	−565	685	1,342	−50	908
Impact of changes in exchange rates on cash	57	−41	−97	−52	5

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