\n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n Full-Year Results<\/b><\/p>\n\n\n | \n(Stated in millions, except per share amounts)<\/td>\n | | <\/tr>\n \n | \nTwelve Months Ended<\/b><\/td>\n | | \n | \n | <\/tr>\n \n | \nDec. 31, 2024<\/b><\/td>\n | | \nDec. 31, 2023<\/td>\n | | \nChange<\/b><\/td>\n | | <\/tr>\n \n| Revenue<\/td>\n | \n $36,289<\/b><\/p>\n<\/td>\n | | \n\n \n$33,135<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Income before taxes – GAAP basis<\/td>\n | \n $5,672<\/b><\/p>\n<\/td>\n | | \n\n \n$5,282<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Income before taxes margin – GAAP basis<\/td>\n | \n 15.6%<\/b><\/p>\n<\/td>\n | | \n\n \n15.9%<\/p>\n<\/td>\n | | \n\n -31 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Net income attributable to SLB – GAAP basis<\/td>\n | \n $4,461<\/b><\/p>\n<\/td>\n | | \n\n \n$4,203<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Diluted EPS – GAAP basis<\/td>\n | \n $3.11<\/b><\/p>\n<\/td>\n | | \n\n \n$2.91<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA*<\/td>\n | \n $9,070<\/b><\/p>\n<\/td>\n | | \n\n \n$8,107<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA margin*<\/td>\n | \n 25.0%<\/b><\/p>\n<\/td>\n | | \n\n \n24.5%<\/p>\n<\/td>\n | | \n\n 52 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax segment operating income*<\/td>\n | \n $7,321<\/b><\/p>\n<\/td>\n | | \n\n \n$6,523<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax segment operating margin*<\/td>\n | \n 20.2%<\/b><\/p>\n<\/td>\n | | \n\n \n19.7%<\/p>\n<\/td>\n | | \n\n 49 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Net income attributable to SLB, excluding charges & credits*<\/td>\n | \n $4,888<\/b><\/p>\n<\/td>\n | | \n\n \n$4,305<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Diluted EPS, excluding charges & credits*<\/td>\n | \n $3.41<\/b><\/p>\n<\/td>\n | | \n\n \n$2.98<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Revenue by Geography<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n $29,415<\/b><\/p>\n<\/td>\n | | \n\n \n$26,188<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 6,680<\/b><\/p>\n<\/td>\n | | \n\n \n6,727<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n 194<\/b><\/p>\n<\/td>\n | | \n\n \n220<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $36,289<\/b><\/p>\n<\/td>\n | | \n\n \n$33,135<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| SLB acquired the Aker subsea business during the fourth quarter of 2023 in connection with the formation of the OneSubsea\u2122 joint venture. The acquired business generated revenue of $1.93 billion during the full year of 2024 and $484 million during the fourth quarter of 2023. Excluding the impact of this acquisition, SLB’s full-year 2024 revenue increased 5% year on year; North America full-year 2024 revenue decreased 1% year on year; and international full-year 2024 revenue increased 7% year on year.<\/td>\n<\/tr>\n | \n| *These are non-GAAP financial measures. See sections titled “Charges & Credits”, “Divisions”, and “Supplementary Information” for details.<\/td>\n<\/tr>\n | \nn\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n\n\n | \n(Stated in millions)<\/td>\n | | <\/tr>\n \n | \nTwelve Months Ended<\/b><\/td>\n | | \n | \n | <\/tr>\n \n | \nDec. 31, 2024<\/b><\/td>\n | | \nDec. 31, 2023<\/td>\n | | \nChange<\/b><\/td>\n | | <\/tr>\n \n| Revenue by Division<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| Digital & Integration<\/td>\n | \n $4,247<\/b><\/p>\n<\/td>\n | | \n\n \n$3,871<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Reservoir Performance<\/td>\n | \n 7,177<\/b><\/p>\n<\/td>\n | | \n\n \n6,561<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Well Construction<\/td>\n | \n 13,357<\/b><\/p>\n<\/td>\n | | \n\n \n13,478<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Production Systems<\/td>\n | \n 12,143<\/b><\/p>\n<\/td>\n | | \n\n \n9,831<\/p>\n<\/td>\n | | \n\n 24%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n (635)<\/b><\/p>\n<\/td>\n | | \n\n \n(606)<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $36,289<\/b><\/p>\n<\/td>\n | | \n\n \n$33,135<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax Segment Operating Income<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Digital & Integration<\/td>\n | \n $1,408<\/b><\/p>\n<\/td>\n | | \n\n \n$1,257<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Reservoir Performance<\/td>\n | \n 1,452<\/b><\/p>\n<\/td>\n | | \n\n \n1,263<\/p>\n<\/td>\n | | \n\n 15%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Well Construction<\/td>\n | \n 2,826<\/b><\/p>\n<\/td>\n | | \n\n \n2,932<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Production Systems<\/td>\n | \n 1,898<\/b><\/p>\n<\/td>\n | | \n\n \n1,245<\/p>\n<\/td>\n | | \n\n 52%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n (263)<\/b><\/p>\n<\/td>\n | | \n\n \n(174)<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $7,321<\/b><\/p>\n<\/td>\n | | \n\n \n$6,523<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax Segment Operating Margin<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Digital & Integration<\/td>\n | \n 33.1%<\/b><\/p>\n<\/td>\n | | \n\n \n32.5%<\/p>\n<\/td>\n | | \n\n 67 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Reservoir Performance<\/td>\n | \n 20.2%<\/b><\/p>\n<\/td>\n | | \n\n \n19.2%<\/p>\n<\/td>\n | | \n\n 99 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Well Construction<\/td>\n | \n 21.2%<\/b><\/p>\n<\/td>\n | | \n\n \n21.8%<\/p>\n<\/td>\n | | \n\n -59 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Production Systems<\/td>\n | \n 15.6%<\/b><\/p>\n<\/td>\n | | \n\n \n12.7%<\/p>\n<\/td>\n | | \n\n 297 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 20.2%<\/b><\/p>\n<\/td>\n | | \n\n \n19.7%<\/p>\n<\/td>\n | | \n\n 49 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Digital & Integration<\/td>\n | \n $2,074<\/b><\/p>\n<\/td>\n | | \n\n \n$1,847<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Reservoir Performance<\/td>\n | \n 1,841<\/b><\/p>\n<\/td>\n | | \n\n \n1,646<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Well Construction<\/td>\n | \n 3,461<\/b><\/p>\n<\/td>\n | | \n\n \n3,514<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Production Systems<\/td>\n | \n 2,242<\/b><\/p>\n<\/td>\n | | \n\n \n1,569<\/p>\n<\/td>\n | | \n\n 43%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n 18<\/b><\/p>\n<\/td>\n | | \n\n \n102<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $9,636<\/b><\/p>\n<\/td>\n | | \n\n \n$8,678<\/p>\n<\/td>\n | | \n\n 11%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Corporate & other<\/td>\n | \n (566)<\/b><\/p>\n<\/td>\n | | \n\n \n(571)<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $9,070<\/b><\/p>\n<\/td>\n | | \n\n \n$8,107<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA Margin<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Digital & Integration<\/td>\n | \n 48.8%<\/b><\/p>\n<\/td>\n | | \n\n \n47.7%<\/p>\n<\/td>\n | | \n\n 111 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Reservoir Performance<\/td>\n | \n 25.7%<\/b><\/p>\n<\/td>\n | | \n\n \n25.1%<\/p>\n<\/td>\n | | \n\n 57 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Well Construction<\/td>\n | \n 25.9%<\/b><\/p>\n<\/td>\n | | \n\n \n26.1%<\/p>\n<\/td>\n | | \n\n -16 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Production Systems<\/td>\n | \n 18.5%<\/b><\/p>\n<\/td>\n | | \n\n \n16.0%<\/p>\n<\/td>\n | | \n\n 251 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 26.6%<\/b><\/p>\n<\/td>\n | | \n\n \n26.2%<\/p>\n<\/td>\n | | \n\n 37 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Corporate & other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 25.0%<\/b><\/p>\n<\/td>\n | | \n\n \n24.5%<\/p>\n<\/td>\n | | \n\n 52 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| SLB acquired the Aker subsea business during the fourth quarter of 2023 in connection with the formation of the OneSubsea joint venture. The acquired business generated revenue of $1.93 billion during the full year of 2024 and $484 million during the fourth quarter of 2023. Excluding the impact of this acquisition, SLB’s full-year 2024 revenue increased 5% year on year and Production Systems full-year 2024 revenue increased 9% year on year.<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n | \n(Stated in millions)<\/td>\n | | <\/tr>\n \n | \nTwelve Months Ended<\/b><\/td>\n | | \n | \n | <\/tr>\n \n | \nDec. 31, 2024<\/b><\/td>\n | | \nDec. 31, 2023<\/td>\n | | \nChange<\/b><\/td>\n | | <\/tr>\n \n| Revenue by Geography<\/b><\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n| North America<\/td>\n | \n $6,680<\/b><\/p>\n<\/td>\n | | \n\n \n$6,727<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Latin America<\/td>\n | \n 6,719<\/b><\/p>\n<\/td>\n | | \n\n \n6,645<\/p>\n<\/td>\n | | \n\n 1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Europe & Africa*<\/td>\n | \n 9,671<\/b><\/p>\n<\/td>\n | | \n\n \n8,525<\/p>\n<\/td>\n | | \n\n 13%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Middle East & Asia<\/td>\n | \n 13,026<\/b><\/p>\n<\/td>\n | | \n\n \n11,019<\/p>\n<\/td>\n | | \n\n 18%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n 193<\/b><\/p>\n<\/td>\n | | \n\n \n219<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $36,289<\/b><\/p>\n<\/td>\n | | \n\n \n$33,135<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n $29,415<\/b><\/p>\n<\/td>\n | | \n\n \n$26,188<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 6,680<\/b><\/p>\n<\/td>\n | | \n\n \n6,727<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n 194<\/b><\/p>\n<\/td>\n | | \n\n \n220<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $36,289<\/b><\/p>\n<\/td>\n | | \n\n \n$33,135<\/p>\n<\/td>\n | | \n\n 10%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax Segment Operating Income<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n $6,291<\/b><\/p>\n<\/td>\n | | \n\n \n$5,486<\/p>\n<\/td>\n | | \n\n 15%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 1,134<\/b><\/p>\n<\/td>\n | | \n\n \n1,157<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n (104)<\/b><\/p>\n<\/td>\n | | \n\n \n(120)<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $7,321<\/b><\/p>\n<\/td>\n | | \n\n \n$6,523<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Pretax Segment Operating Income Margin<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n 21.4%<\/b><\/p>\n<\/td>\n | | \n\n \n20.9%<\/p>\n<\/td>\n | | \n\n 44 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 17.0%<\/b><\/p>\n<\/td>\n | | \n\n \n17.2%<\/p>\n<\/td>\n | | \n\n -23 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 20.2%<\/b><\/p>\n<\/td>\n | | \n\n \n19.7%<\/p>\n<\/td>\n | | \n\n 49 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n $7,900<\/b><\/p>\n<\/td>\n | | \n\n \n$6,988<\/p>\n<\/td>\n | | \n\n 13%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 1,592<\/b><\/p>\n<\/td>\n | | \n\n \n1,559<\/p>\n<\/td>\n | | \n\n 2%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n 144<\/b><\/p>\n<\/td>\n | | \n\n \n131<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $9,636<\/b><\/p>\n<\/td>\n | | \n\n \n$8,678<\/p>\n<\/td>\n | | \n\n 11%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Corporate & other<\/td>\n | \n (566)<\/b><\/p>\n<\/td>\n | | \n\n \n(571)<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $9,070<\/b><\/p>\n<\/td>\n | | \n\n \n$8,107<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA Margin<\/b><\/td>\n | | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n 26.9%<\/b><\/p>\n<\/td>\n | | \n\n \n26.7%<\/p>\n<\/td>\n | | \n\n 17 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n 23.8%<\/b><\/p>\n<\/td>\n | | \n\n \n23.2%<\/p>\n<\/td>\n | | \n\n 66 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 26.6%<\/b><\/p>\n<\/td>\n | | \n\n \n26.2%<\/p>\n<\/td>\n | | \n\n 37 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Corporate & other<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n 25.0%<\/b><\/p>\n<\/td>\n | | \n\n \n24.5%<\/p>\n<\/td>\n | | \n\n 52 bps<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *Includes Russia and the Caspian region<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n Consistent Fourth-Quarter and Full-Year Performance Despite Macro Headwinds<\/b><\/p>\n \n\u201c2024 was a strong year for SLB as we successfully navigated evolving market conditions to deliver revenue and EBITDA growth, margin expansion and solid free cash flow,\u201d said SLB Chief Executive Officer Olivier Le Peuch.<\/p>\n \n\u201cYear on year, revenue increased by 10% and adjusted EBITDA grew by 12%, while we generated $3.99 billion in free cash flow, enabling us to return $3.27 billion to shareholders and reduce net debt by $571 million. These results demonstrate SLB\u2019s ability to deliver consistent financial performance despite moderating upstream investment growth, driven by our global scale, unmatched digital offerings and ongoing focus on cost optimization.<\/p>\n \n\u201cOur full-year results were highlighted by 12% international revenue growth. This performance was led by the Middle East & Asia and Europe & Africa, which grew 18% and 13%, respectively. The Middle East & Asia achieved record revenues, while growth in Europe & Africa was bolstered by the acquired Aker subsea business. Excluding this acquired business, international revenue increased 7% year over year, outperforming the rig count over the same period.<\/p>\n \n\u201cSequentially, fourth-quarter revenue grew slightly, driven by digital sales in North America and higher activity in the Middle East, Europe and North Africa. On a divisional basis, Digital & Integration led revenue performance, driven by increased demand for digital products and solutions, while Production Systems benefited from strong backlog conversion as customers continued to invest in maximizing recovery from existing assets,\u201d Le Peuch said.<\/p>\n Production and Recovery Becoming a Pathway to Long-Term Outperformance<\/b><\/p>\n \n\u201cOn a full-year basis, our Core divisions \u2014 Reservoir Performance, Well Construction and Production Systems \u2014 delivered 9% revenue growth, led by 24% growth in Production Systems, largely due to the subsea acquisition. Production Systems grew 9% organically due to double-digit increases in surface systems, completions and artificial lift. Reservoir Performance also delivered 9% growth, underpinned by strong stimulation and intervention activity in the production space.<\/p>\n \n\u201cOur fit-for-basin approach, domain expertise and integration capabilities have established us as the performance partner of choice for addressing the operating challenges our customers face throughout the life cycle of their assets. As operators across the industry increasingly prioritize production and recovery, our strengths are more critical than ever.<\/p>\n \n\u201cWith the anticipated completion of our announced acquisition of ChampionX, we are set to further strengthen our production and recovery capabilities, enabling us to deliver even greater value to our customers. This strategic acquisition will also enhance the resilience of the SLB portfolio, providing some stability against the cycles in the years to come.<\/p>\n Digital Continues to Deliver Highly Accretive Growth with AI and Autonomous Operations Gaining Traction<\/b><\/p>\n \n\u201cDigital & Integration revenue increased 10% year on year, driven by 20% growth in digital, which reached $2.44 billion for the year. Accelerated adoption of our digital technologies marked a milestone year, highlighted by strategic collaborations with cross-industry leaders, the launch of the Lumi\u2122 data and AI platform, new Performance Live\u2122 centers to enable remote operations, and the achievement of fully autonomous drilling operations.<\/p>\n \n\u201cAI is the X factor for our industry, and I am confident that SLB will continue to be a leader in this area, enabling us to deliver sustained outperformance for our customers, partners and shareholders,\u201d Le Peuch said.<\/p>\n Long-Term Fundamentals Will Support Oil and Gas Investment<\/b><\/p>\n \n\u201cWhile upstream investment growth will remain subdued in the short term due to global oversupply, we anticipate the oil supply imbalance will gradually abate. Global economic growth and a heightened focus on energy security, coupled with rising energy demand from AI and data centers will support the investment outlook for the oil and gas industry throughout the rest of the decade.<\/p>\n \n\u201cIn our Core business, we are making unmatched contributions to the discovery, development and extraction of oil and gas reserves, fueling global energy supply. We have the leading offering in Digital. And we are pursuing a meaningful opportunity in New Energy and decarbonization, where we have established a differentiated market position. Together, this is laying a strong foundation for our business, and SLB is poised to create enduring value for our customers and shareholders,\u201d Le Peuch said.<\/p>\n Total Return to Shareholders Increasing to $4 Billion in 2025<\/b><\/p>\n \n\u201cSLB remains committed to expanding EBITDA margins, generating strong cash flows, and increasing returns to shareholders. Given our confidence in the business outlook and our ability to continue generating strong cash flows, we are pleased to announce that our Board of Directors has approved a 3.6% increase to our quarterly dividend. Additionally, as we believe our stock is undervalued relative to the strength of our business, we entered into accelerated share repurchase (ASR) transactions to repurchase $2.3 billion of our company\u2019s common stock. This positions us to increase total return to shareholders from $3.3 billion in 2024 to a minimum of $4 billion in 2025,” Le Peuch concluded.<\/p>\n Other Events<\/b><\/p>\n \nDuring the quarter, SLB repurchased 11.8 million shares of its common stock for a total purchase price of $501 million. For the full-year 2024, SLB repurchased a total of 38.4 million shares of its common stock for a total purchase price of $1.74 billion.<\/p>\n \nOn December 20, 2024, SLB entered into ASR transactions to repurchase $2.3 billion of its common stock. Under the terms of the ASR agreements, on January 13, 2025, SLB received an initial share delivery of approximately 80% of the shares to be repurchased, based on the closing price per share of its common stock on the preceding day. SLB expects the remainder of the shares to be delivered no later than the end of May 2025. Under certain circumstances, SLB may be required to deliver shares or pay cash, at its option, upon settlement of the ASR agreements. The total number of shares ultimately purchased under the ASR agreements will depend upon the final settlement and will be based on volume-weighted average prices of SLB\u2019s common stock during the terms of the ASR transactions, less a discount.<\/p>\n \nOn January 16, 2025, SLB\u2019s Board of Directors approved a 3.6% increase in SLB\u2019s quarterly cash dividend from $0.275 per share of outstanding common stock to $0.285 per share, beginning with the dividend payable on April 3, 2025, to stockholders of record on February 5, 2025.<\/p>\n Fourth-Quarter Revenue by Geographical Area<\/b><\/p>\n\n\n | \n(Stated in millions)<\/td>\n | | <\/tr>\n \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n | | <\/tr>\n \n | \nDec. 31,
2024<\/b><\/td>\n | | \nSept. 30,
2024<\/td>\n | | \nDec. 31,
2023<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n $1,752<\/b><\/p>\n<\/td>\n | | \n\n \n$1,687<\/p>\n<\/td>\n | | \n\n \n$1,641<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | | <\/tr>\n \n| Latin America<\/td>\n | \n 1,634<\/b><\/p>\n<\/td>\n | | \n\n \n1,689<\/p>\n<\/td>\n | | \n\n \n1,722<\/p>\n<\/td>\n | | \n\n -3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-5%<\/p>\n<\/td>\n | | <\/tr>\n \n| Europe & Africa*<\/td>\n | \n 2,472<\/b><\/p>\n<\/td>\n | | \n\n \n2,434<\/p>\n<\/td>\n | | \n\n \n2,429<\/p>\n<\/td>\n | | \n\n 2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2%<\/p>\n<\/td>\n | | <\/tr>\n \n| Middle East & Asia<\/td>\n | \n 3,376<\/b><\/p>\n<\/td>\n | | \n\n \n3,302<\/p>\n<\/td>\n | | \n\n \n3,141<\/p>\n<\/td>\n | | \n\n 2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | | <\/tr>\n \n| Eliminations & other<\/td>\n | \n 49<\/b><\/p>\n<\/td>\n | | \n\n \n47<\/p>\n<\/td>\n | | \n\n \n56<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nn\/m<\/p>\n<\/td>\n | | <\/tr>\n \n | \n\n $9,284<\/b><\/p>\n<\/td>\n | | \n\n \n$9,159<\/p>\n<\/td>\n | | \n\n \n$8,990<\/p>\n<\/td>\n | | \n\n 1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | <\/tr>\n \n| International<\/td>\n | \n $7,483<\/b><\/p>\n<\/td>\n | | \n\n \n$7,425<\/p>\n<\/td>\n | | \n\n \n$7,293<\/p>\n<\/td>\n | | \n\n 1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n3%<\/p>\n<\/td>\n | | <\/tr>\n \n| North America<\/td>\n | \n $1,752<\/b><\/p>\n<\/td>\n | | \n\n \n$1,687<\/p>\n<\/td>\n | | \n\n \n$1,641<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *Includes Russia and the Caspian region<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n International<\/b><\/p>\n \nRevenue in Latin America<\/b> of $1.63 billion declined 3% sequentially, driven primarily by reduced drilling activity in Mexico. This decline was partially offset by increased production system sales in Brazil. Year on year, revenue decreased 5%, reflecting reduced drilling in Mexico, partially offset by robust activity in Argentina and higher production system sales in Brazil.<\/p>\n Europe & Africa<\/b> revenue of $2.47 billion rose 2% sequentially, supported by increased activity in Europe and North Africa, despite lower subsea production system sales in Scandinavia. Year on year, revenue also grew 2%, with stronger performances in North Africa and Europe offsetting weaker results in West Africa.<\/p>\n \nRevenue in the Middle East & Asia<\/b> of $3.38 billion increased 2% sequentially, driven by strong activity in the United Arab Emirates, higher drilling in Egypt, and increased stimulation, intervention and evaluation activity in Qatar. These gains offset weaker performance in Saudi Arabia and Australia. Year on year, revenue grew 7%, reflecting robust activity in the United Arab Emirates, Iraq, Kuwait, East Asia, China and Indonesia, partially offset by reduced drilling in India.<\/p>\n North America<\/b><\/p>\n North America<\/b> revenue of $1.75 billion increased 4% sequentially due to higher digital sales and increased sales of production systems in the U.S. Gulf of Mexico, as well as higher digital sales and increased drilling activity in U.S. land and Canada. Year on year, revenue rose 7%, driven by growth in offshore activity in the U.S. Gulf of Mexico and higher Asset Performance Solutions (APS) revenue in Canada, despite lower drilling activity in U.S. land.<\/p>\n Fourth-Quarter Results by Division<\/b><\/p>\n Digital & Integration<\/b><\/p>\n\n\n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nDec. 31,
2024<\/b><\/td>\n | | \nSept. 30,
2024<\/td>\n | | \nDec. 31,
2023<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | \n $824<\/b><\/p>\n<\/td>\n | | \n\n \n$830<\/p>\n<\/td>\n | | \n\n \n$790<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 331<\/b><\/p>\n<\/td>\n | | \n\n \n258<\/p>\n<\/td>\n | | \n\n \n257<\/p>\n<\/td>\n | | \n\n 28%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n29%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 1<\/b><\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | | \n\n \n2<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n\n $1,156<\/b><\/p>\n<\/td>\n | | \n\n \n$1,088<\/p>\n<\/td>\n | | \n\n \n$1,049<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n10%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | \n $442<\/b><\/p>\n<\/td>\n | | \n\n \n$386<\/p>\n<\/td>\n | | \n\n \n$356<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n24%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 38.3%<\/b><\/p>\n<\/td>\n | | \n\n \n35.5%<\/p>\n<\/td>\n | | \n\n \n34.0%<\/p>\n<\/td>\n | | \n\n 274 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n430 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n \nDigital & Integration revenue of $1.16 billion increased 6% sequentially driven by 10% growth in digital revenue, supported by greater adoption of digital technologies and higher sales of exploration data, particularly in the U.S. Gulf of Mexico. APS revenue was flat sequentially. Year on year, revenue grew 10%, with digital revenue up 21%, offsetting a 2% decline in APS revenue.<\/p>\n \nDigital & Integration pretax operating margin of 38% expanded 274 bps sequentially, reflecting improved profitability in digital from higher sales and cost efficiencies. Year on year, margin expanded 430 bps due to stronger digital performance, partially offset by lower APS profitability stemming from higher amortization expenses and lower gas prices.<\/p>\n Reservoir Performance<\/b><\/p>\n\n\n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nDec. 31,
2024<\/b><\/td>\n | | \nSept. 30,
2024<\/td>\n | | \nDec. 31,
2023<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | \n $1,669<\/b><\/p>\n<\/td>\n | | \n\n \n$1,676<\/p>\n<\/td>\n | | \n\n \n$1,611<\/p>\n<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 139<\/b><\/p>\n<\/td>\n | | \n\n \n145<\/p>\n<\/td>\n | | \n\n \n123<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n13%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 2<\/b><\/p>\n<\/td>\n | | \n\n \n2<\/p>\n<\/td>\n | | \n\n \n1<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n\n $1,810<\/b><\/p>\n<\/td>\n | | \n\n \n$1,823<\/p>\n<\/td>\n | | \n\n \n$1,735<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n4%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | \n $370<\/b><\/p>\n<\/td>\n | | \n\n \n$367<\/p>\n<\/td>\n | | \n\n \n$371<\/p>\n<\/td>\n | | \n\n 1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 20.5%<\/b><\/p>\n<\/td>\n | | \n\n \n20.1%<\/p>\n<\/td>\n | | \n\n \n21.4%<\/p>\n<\/td>\n | | \n\n 35 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-90 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n \nReservoir Performance revenue of $1.81 billion declined 1% sequentially driven by reduced intervention and stimulation activity, partially offset by stronger evaluation activity. Revenue was impacted by lower stimulation and intervention work in Saudi Arabia, which was offset by increased activity in the rest of the Middle East & Asia and North America. Year on year, revenue increased 4% due to higher intervention and stimulation activity, despite lower evaluation revenue.<\/p>\n \nReservoir Performance pretax operating margin of 20% expanded 35 bps sequentially, reflecting improved profitability in evaluation services, partially offset by weaker performance in intervention. Year on year, the margin decreased 90 bps due to an unfavorable technology mix.<\/p>\n Well Construction<\/b><\/p>\n\n\n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nDec. 31,
2024<\/b><\/td>\n | | \nSept. 30,
2024<\/td>\n | | \nDec. 31,
2023<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | \n $2,625<\/b><\/p>\n<\/td>\n | | \n\n \n$2,675<\/p>\n<\/td>\n | | \n\n \n$2,748<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-4%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 583<\/b><\/p>\n<\/td>\n | | \n\n \n581<\/p>\n<\/td>\n | | \n\n \n614<\/p>\n<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-5%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 59<\/b><\/p>\n<\/td>\n | | \n\n \n56<\/p>\n<\/td>\n | | \n\n \n64<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n\n $3,267<\/b><\/p>\n<\/td>\n | | \n\n \n$3,312<\/p>\n<\/td>\n | | \n\n \n$3,426<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-5%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | \n $681<\/b><\/p>\n<\/td>\n | | \n\n \n$714<\/p>\n<\/td>\n | | \n\n \n$770<\/p>\n<\/td>\n | | \n\n -5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-12%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 20.8%<\/b><\/p>\n<\/td>\n | | \n\n \n21.5%<\/p>\n<\/td>\n | | \n\n \n22.5%<\/p>\n<\/td>\n | | \n\n -70 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-162 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n \nWell Construction revenue of $3.27 billion declined 1% sequentially due to reduced drilling activity in Mexico and Saudi Arabia, partially mitigated by higher activity across the rest of the Middle East & Asia. Year on year, revenue declined 5%, reflecting lower drilling activity in Mexico, Saudi Arabia and U.S. land, partially offset by improved performance in the rest of the Middle East & Asia.<\/p>\n \nWell Construction pretax operating margin of 21% declined 70 bps sequentially and 162 bps year on year due to reduced activity across North America and international markets.<\/p>\n Production Systems<\/b><\/p>\n\n\n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nDec. 31,
2024<\/b><\/td>\n | | \nSept. 30,
2024<\/td>\n | | \nDec. 31,
2023<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | \n $2,471<\/b><\/p>\n<\/td>\n | | \n\n \n$2,373<\/p>\n<\/td>\n | | \n\n \n$2,276<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 716<\/b><\/p>\n<\/td>\n | | \n\n \n723<\/p>\n<\/td>\n | | \n\n \n666<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n7%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 10<\/b><\/p>\n<\/td>\n | | \n\n \n7<\/p>\n<\/td>\n | | \n\n \n2<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \nn\/m<\/p>\n<\/td>\n<\/tr>\n | \n | \n\n $3,197<\/b><\/p>\n<\/td>\n | | \n\n \n$3,103<\/p>\n<\/td>\n | | \n\n \n$2,944<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | \n $506<\/b><\/p>\n<\/td>\n | | \n\n \n$519<\/p>\n<\/td>\n | | \n\n \n$442<\/p>\n<\/td>\n | | \n\n -3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n14%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 15.8%<\/b><\/p>\n<\/td>\n | | \n\n \n16.7%<\/p>\n<\/td>\n | | \n\n \n15.0%<\/p>\n<\/td>\n | | \n\n -93 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n79 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n<\/tr>\n<\/table>\n \nProduction Systems revenue of $3.20 billion increased 3% sequentially with growth led by higher international sales of artificial lift, midstream production systems and completions, partially offset by reduced sales of subsea production systems. Year on year, revenue grew 9%, mainly due to strong sales both in North America and internationally across most of the portfolio.<\/p>\n \nProduction Systems pretax operating margin of 16% decreased 93 bps sequentially due to lower profitability in subsea production systems, partially offset by improved profitability in artificial lift and midstream production systems. Year on year, pretax operating margin expanded 79 bps due to improved profitability across a majority of the business lines.<\/p>\n Quarterly Highlights<\/b><\/p>\n CORE<\/b><\/p>\n \nContract Awards<\/p>\n \nSLB continues to win new contract awards that align with SLB\u2019s strengths in the Core, particularly in the international and offshore basins. Notable highlights include the following:<\/p>\n \n- \nSLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultradeepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. The projects, which will be delivered over a three-year time frame, will combine SLB\u2019s AI-enabled digital drilling capabilities with its expertise in ultradeepwater environments. The scope of the contracts will include digital directional drilling services and hardware, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services. Each project will be managed through SLB\u2019s Performance Live centers.<\/p>\n<\/li>\n<\/ul>\n
\n- \nSLB OneSubsea, alongside Subsea Integration Alliance partner Subsea7, has signed a global frame agreement with bp, forming a platform to combine subsea expertise more effectively across a portfolio of future projects. This collaboration combines capabilities throughout all project stages \u2014 from initial concept development to full-field life cycle \u2014 enabling enhanced subsea project performance. Through early engagement and new ways of working, SLB OneSubsea and its alliance partners will support bp in achieving accelerated project delivery, standardization, simplification and reduced total cost of ownership, ultimately improving subsea project economics while embedding quality and driving sustainable outcomes in subsea field operations.<\/p>\n<\/li>\n<\/ul>\n
\n- \nSLB has been awarded, after a competitive tender, a new contract by Petrobras for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluid technologies on up to nine ultradeepwater rigs.<\/p>\n<\/li>\n<\/ul>\n
\n- \nOffshore Brazil, SLB OneSubsea was awarded multiple contracts by Petrobras. Following a competitive tender, SLB OneSubsea was awarded a contract to provide two subsea production manifolds, one electrohydraulic distribution unit and additional related services for the Roncador project. Additionally, SLB OneSubsea was awarded a contract for two subsea raw seawater injection (RWI) systems to increase recovery from the B\u00fazios field. Under the contract, SLB OneSubsea will provide two complete subsea RWI systems to support Petrobras\u2019 FPSOs P-74 and P-75, and they will each consist of a subsea seawater injection pump, umbilical system and topside variable speed drive.<\/p>\n<\/li>\n<\/ul>\n
\n- \nIn Italy, TotalEnergies awarded SLB a four-year contract for the provision of completions and artificial lift equipment and services in Tempa Rossa Field, one of the largest land fields in Europe with an estimated volume of 200 million barrels and a target production of over 50,000 barrels per day. The field presents several technical challenges which require custom-designed technologies to maximize production and recovery. SLB was selected for its ability to deliver fit-for-basin solutions using its global reach and the expertise of the local team.<\/p>\n<\/li>\n<\/ul>\n
\n- \nIn Oman, Petroleum Development Oman has awarded SLB a five-year contract for well placement services throughout its Block 6 concession. SLB will provide multiple key technologies, including PowerDrive Orbit\u2122 system and the PeriScope HD\u2122 service, across a variety of gas and oil fields, for both development and exploration wells.<\/p>\n<\/li>\n<\/ul>\n
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