SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $35.7B | $7.0B | $3.4B | $4.5B | 12.9% | -1.6% | -24.4% |
| 2024 | $36.3B | $8.1B | $4.5B | $4.5B | 21.1% | 9.5% | 6.1% |
| 2023 | $33.1B | $7.5B | $4.2B | $4.5B | 20.8% | 18.0% | 22.1% |
| 2022 | $28.1B | $6.4B | $3.4B | $2.0B | 19.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 28,091 | 33,135 | 36,289 | 35,708 |
| Operating Revenue | - | 28,091 | 33,135 | 36,289 | 35,708 |
| Cost Of Revenue | - | 22,930 | 26,572 | 28,829 | 29,201 |
| Gross Profit | - | 5,161 | 6,563 | 7,460 | 6,507 |
| Operating Expense | - | 1,010 | 1,075 | 1,134 | 1,049 |
| Research And Development | - | 634 | 711 | 749 | 709 |
| Selling General And Administration | - | 376 | 364 | 385 | 340 |
| Total Expenses | - | 23,940 | 27,647 | 29,963 | 30,250 |
| Operating Income | - | 4,151 | 5,488 | 6,326 | 5,458 |
| EBITDA | - | 6,430 | 7,544 | 8,069 | 6,958 |
| Normalized EBITDA | - | 6,083 | 7,553 | 8,567 | 7,899 |
| EBIT | - | 4,761 | 5,785 | 6,184 | 4,849 |
| Interest Income | - | 99 | 100 | 174 | 136 |
| Interest Expense | - | 490 | 503 | 512 | 558 |
| Net Interest Income | - | -391 | -403 | -338 | -422 |
| Other Income Expense | - | 511 | 197 | -316 | -745 |
| Interest Income Non Operating | - | 99 | 100 | 174 | 136 |
| Interest Expense Non Operating | - | 490 | 503 | 512 | 558 |
| Net Non Operating Interest Income Expense | - | -391 | -403 | -338 | -422 |
| Pretax Income | - | 4,271 | 5,282 | 5,672 | 4,291 |
| Tax Provision | - | 779 | 1,007 | 1,093 | 840 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 62.46 | -1.71 | -95.97 | -184.21 |
| Net Income Continuous Operations | - | 3,492 | 4,275 | 4,579 | 3,451 |
| Net Income From Continuing And Discontinued Operation | - | 3,441 | 4,203 | 4,461 | 3,374 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,441 | 4,203 | 4,461 | 3,374 |
| Net Income | - | 3,441 | 4,203 | 4,461 | 3,374 |
| Net Income Common Stockholders | - | 3,441 | 4,203 | 4,461 | 3,374 |
| Net Income Including Noncontrolling Interests | - | 3,492 | 4,275 | 4,579 | 3,451 |
| Normalized Income | - | 3,156.46 | 4,210.29 | 4,863.03 | 4,130.79 |
| Diluted NI Availto Com Stockholders | - | 3,441 | 4,203 | 4,461 | 3,374 |
| Basic Average Shares | - | 1,416 | 1,425 | 1,421 | 1,421 |
| Diluted Average Shares | - | 1,437 | 1,443 | 1,436 | 1,437 |
| Reconciled Depreciation | - | 1,669 | 1,759 | 1,885 | 2,109 |
| Reconciled Cost Of Revenue | - | 22,930 | 26,572 | 28,829 | 29,201 |
| Total Unusual Items | - | 347 | -9 | -498 | -941 |
| Total Unusual Items Excluding Goodwill | - | 347 | -9 | -498 | -941 |
| Minority Interests | - | -51 | -72 | -118 | -77 |
| Special Income Charges | - | 325 | -9 | -498 | -941 |
| Gain On Sale Of Business | - | 325 | 36 | 24 | 149 |
| Write Off | - | 0 | 0 | 162 | 331 |
| Restructuring And Mergern Acquisition | - | 0 | 45 | 360 | 759 |
| Gain On Sale Of Security | 47 | 22 | - | - | - |
| General And Administrative Expense | - | 376 | 364 | 385 | 340 |
| Other Gand A | - | 376 | 364 | 385 | 340 |
| Gain On Sale Of Ppe | 0 | 43 | 0 | - | - |
| Earnings From Equity Interest | - | 164 | 206 | 182 | 196 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SLB N.V.this co. | SLB | $86.7B | 25.70 | 3.32 | 12.9% | 13.70 |
| The Williams Companies, Inc. | WMB | $88.6B | 33.84 | 6.94 | 20.5% | 15.90 |
| Marathon Petroleum Corporation | MPC | $78.0B | 19.26 | 4.50 | 23.4% | 9.30 |
| Valero Energy Corporation | VLO | $76.9B | 32.73 | 3.24 | 9.9% | 12.48 |
| EOG Resources, Inc. | EOG | $75.0B | 15.07 | 2.52 |
| - |
| - |
| - |
| 16.7% |
| 7.24 |
| Phillips 66 | PSX | $73.8B | 16.77 | 2.54 | 15.1% | 9.47 |
| Kinder Morgan, Inc. | KMI | $70.5B | 23.08 | 2.26 | 9.8% | 14.25 |
| Baker Hughes Company | BKR | $65.6B | 25.34 | 3.48 | 13.7% | 15.85 |
| Occidental Petroleum Corporation | OXY | $58.4B | 25.09 | 2.10 | 8.4% | 6.84 |
| Peer Median | - | 24.08 | 2.89 | 14.4% | 10.98 | |