SLB Beats Q3 Estimates With $9.45 Billion Revenue as 24% North America Surge Offsets Middle East Softness
HOUSTON — SLB, the world's largest oilfield services company, reported third-quarter 2026 results on October 23: revenue of $9.449 billion, up 5.8% year on year and above consensus estimates of $9.27–$9.29 billion. Adjusted earnings per share came in at $0.64, beating the $0.62 consensus but down 7.2% from $0.69 a year earlier. On a GAAP basis, net income attributable to SLB was $735 million, or $0.49 per diluted share.
Free cash flow was $828 million; the company repurchased 12.9 million shares for $656 million during the quarter. The board declared a quarterly cash dividend of $0.295 per share, payable January 7, 2027 to shareholders of record on December 2, 2026. By geography, North America revenue surged 24% to $2.40 billion, the quarter's standout, while Middle East and Asia revenue fell 6% year on year to $2.81 billion but rose 9% sequentially as activity recovered in Iraq, Kuwait, Oman, Saudi Arabia and elsewhere.
Production Systems revenue grew 15% to $4 billion. On August 31 the company signed an agreement to acquire Kelvion for about $3.4 billion in cash plus about $0.7 billion of debt, and on September 1 it completed the acquisition of the S&P Global Energy software portfolio. (GSM, from the company's official release and Zacks)
Published by GSM · USA (original Chinese edition)
Photo: 斯伦贝谢休斯顿历史办公楼（资料图）。照片：Jim Evans，CC BY-SA 4.0，经 Wikimedia Commons。 / File photo. Photo: Jim Evans, CC BY-SA 4.0, via Wikimedia Commons.
