\n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | \n $8,972<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$8,721<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$8,546<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n5%<\/p>\n<\/td>\n<\/tr>\n | \n| Income before taxes – GAAP basis<\/td>\n | \n $1,018<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$956<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,285<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-21%<\/p>\n<\/td>\n<\/tr>\n | \n| Income before taxes margin – GAAP basis<\/td>\n | \n 11.3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n11.0%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n15.0%<\/p>\n<\/td>\n | | \n\n 38 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-369 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Net income attributable to SLB – GAAP basis<\/td>\n | \n $786<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$752<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,014<\/p>\n<\/td>\n | | \n\n 5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-22%<\/p>\n<\/td>\n<\/tr>\n | \n| Diluted EPS – GAAP basis<\/td>\n | \n $0.52<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$0.50<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$0.74<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-30%<\/p>\n<\/td>\n<\/tr>\n | \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 \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA*<\/td>\n | \n $1,899<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,773<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$2,051<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-7%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA margin*<\/td>\n | \n 21.2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n20.3%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n24.0%<\/p>\n<\/td>\n | | \n\n 83 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-284 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax segment operating income*<\/td>\n | \n $1,404<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,321<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,584<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-11%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax segment operating margin*<\/td>\n | \n 15.6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n15.2%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n18.5%<\/p>\n<\/td>\n | | \n\n 49 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-289 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Net income attributable to SLB, excluding charges & credits*<\/td>\n | \n $833<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$783<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$1,016<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-18%<\/p>\n<\/td>\n<\/tr>\n | \n| Diluted EPS, excluding charges & credits*<\/td>\n | \n $0.55<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$0.52<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$0.74<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-26%<\/p>\n<\/td>\n<\/tr>\n | \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 \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Revenue by Geography<\/b><\/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 \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 $6,671<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$6,471<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$6,847<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-3%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 2,244<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n2,167<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1,655<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n36%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 57<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n83<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n44<\/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 $8,972<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$8,721<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$8,546<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n5%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| SLB acquired ChampionX during the third quarter of 2025. The acquired ChampionX businesses contributed $870 million of revenue, $207 million of adjusted EBITDA and $158 million of pretax segment operating income in the second quarter of 2026. Excluding the impact of this acquisition, SLB’s second-quarter 2026 global revenue decreased 5% year on year; international second-quarter 2026 revenue decreased 6% year on year; and North America second-quarter 2026 revenue decreased 1% year on year.<\/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 | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/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 | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n | <\/tr>\n \n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue by Division<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Digital<\/td>\n | \n $697<\/b><\/p>\n<\/td>\n | | \n\n \n$640<\/p>\n<\/td>\n | | \n\n \n$591<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n18%<\/p>\n<\/td>\n<\/tr>\n | \n| Reservoir Performance<\/td>\n | \n 1,556<\/b><\/p>\n<\/td>\n | | \n\n \n1,594<\/p>\n<\/td>\n | | \n\n \n1,691<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-8%<\/p>\n<\/td>\n<\/tr>\n | \n| Well Construction<\/td>\n | \n 2,742<\/b><\/p>\n<\/td>\n | | \n\n \n2,797<\/p>\n<\/td>\n | | \n\n \n2,963<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-7%<\/p>\n<\/td>\n<\/tr>\n | \n| Production Systems<\/td>\n | \n 3,771<\/b><\/p>\n<\/td>\n | | \n\n \n3,508<\/p>\n<\/td>\n | | \n\n \n2,932<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n29%<\/p>\n<\/td>\n<\/tr>\n | \n| All Other<\/td>\n | \n 505<\/b><\/p>\n<\/td>\n | | \n\n \n443<\/p>\n<\/td>\n | | \n\n \n583<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-13%<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations<\/td>\n | \n (299)<\/b><\/p>\n<\/td>\n | | \n\n \n(261)<\/p>\n<\/td>\n | | \n\n \n(214)<\/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 $8,972<\/b><\/p>\n<\/td>\n | | \n\n \n$8,721<\/p>\n<\/td>\n | | \n\n \n$8,546<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n5%<\/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 segment operating income<\/b><\/td>\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| Digital<\/td>\n | \n $194<\/b><\/p>\n<\/td>\n | | \n\n \n$134<\/p>\n<\/td>\n | | \n\n \n$153<\/p>\n<\/td>\n | | \n\n 44%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n27%<\/p>\n<\/td>\n<\/tr>\n | \n| Reservoir Performance<\/td>\n | \n 232<\/b><\/p>\n<\/td>\n | | \n\n \n257<\/p>\n<\/td>\n | | \n\n \n314<\/p>\n<\/td>\n | | \n\n -10%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-26%<\/p>\n<\/td>\n<\/tr>\n | \n| Well Construction<\/td>\n | \n 417<\/b><\/p>\n<\/td>\n | | \n\n \n424<\/p>\n<\/td>\n | | \n\n \n551<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-24%<\/p>\n<\/td>\n<\/tr>\n | \n| Production Systems<\/td>\n | \n 586<\/b><\/p>\n<\/td>\n | | \n\n \n497<\/p>\n<\/td>\n | | \n\n \n491<\/p>\n<\/td>\n | | \n\n 18%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n19%<\/p>\n<\/td>\n<\/tr>\n | \n| All Other<\/td>\n | \n 142<\/b><\/p>\n<\/td>\n | | \n\n \n113<\/p>\n<\/td>\n | | \n\n \n155<\/p>\n<\/td>\n | | \n\n 26%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-8%<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations<\/td>\n | \n (167)<\/b><\/p>\n<\/td>\n | | \n\n \n(104)<\/p>\n<\/td>\n | | \n\n \n(80)<\/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 $1,404<\/b><\/p>\n<\/td>\n | | \n\n \n$1,321<\/p>\n<\/td>\n | | \n\n \n$1,584<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-11%<\/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 segment operating margin<\/b><\/td>\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| Digital<\/td>\n | \n 27.8%<\/b><\/p>\n<\/td>\n | | \n\n \n20.9%<\/p>\n<\/td>\n | | \n\n \n25.9%<\/p>\n<\/td>\n | | \n\n 683 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n187 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Reservoir Performance<\/td>\n | \n 14.9%<\/b><\/p>\n<\/td>\n | | \n\n \n16.1%<\/p>\n<\/td>\n | | \n\n \n18.6%<\/p>\n<\/td>\n | | \n\n -121 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-370 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Well Construction<\/td>\n | \n 15.2%<\/b><\/p>\n<\/td>\n | | \n\n \n15.2%<\/p>\n<\/td>\n | | \n\n \n18.6%<\/p>\n<\/td>\n | | \n\n 6 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-338 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Production Systems<\/td>\n | \n 15.5%<\/b><\/p>\n<\/td>\n | | \n\n \n14.2%<\/p>\n<\/td>\n | | \n\n \n16.7%<\/p>\n<\/td>\n | | \n\n 138 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-120 bps<\/p>\n<\/td>\n<\/tr>\n | \n| All Other<\/td>\n | \n 28.2%<\/b><\/p>\n<\/td>\n | | \n\n \n25.5%<\/p>\n<\/td>\n | | \n\n \n26.7%<\/p>\n<\/td>\n | | \n\n 267 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n151 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n \nn\/m<\/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 15.6%<\/b><\/p>\n<\/td>\n | | \n\n \n15.2%<\/p>\n<\/td>\n | | \n\n \n18.5%<\/p>\n<\/td>\n | | \n\n 49 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-289 bps<\/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| Adjusted EBITDA<\/b><\/td>\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| Digital<\/td>\n | \n $242<\/b><\/p>\n<\/td>\n | | \n\n \n$167<\/p>\n<\/td>\n | | \n\n \n$186<\/p>\n<\/td>\n | | \n\n 45%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n30%<\/p>\n<\/td>\n<\/tr>\n | \n| Reservoir Performance<\/td>\n | \n 349<\/b><\/p>\n<\/td>\n | | \n\n \n369<\/p>\n<\/td>\n | | \n\n \n421<\/p>\n<\/td>\n | | \n\n -5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-17%<\/p>\n<\/td>\n<\/tr>\n | \n| Well Construction<\/td>\n | \n 578<\/b><\/p>\n<\/td>\n | | \n\n \n584<\/p>\n<\/td>\n | | \n\n \n720<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-20%<\/p>\n<\/td>\n<\/tr>\n | \n| Production Systems<\/td>\n | \n 738<\/b><\/p>\n<\/td>\n | | \n\n \n648<\/p>\n<\/td>\n | | \n\n \n582<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n27%<\/p>\n<\/td>\n<\/tr>\n | \n| All Other<\/td>\n | \n 227<\/b><\/p>\n<\/td>\n | | \n\n \n197<\/p>\n<\/td>\n | | \n\n \n275<\/p>\n<\/td>\n | | \n\n 15%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-17%<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations<\/td>\n | \n (101)<\/b><\/p>\n<\/td>\n | | \n\n \n(37)<\/p>\n<\/td>\n | | \n\n \n(10)<\/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 $2,033<\/b><\/p>\n<\/td>\n | | \n\n \n$1,929<\/p>\n<\/td>\n | | \n\n \n$2,174<\/p>\n<\/td>\n | | \n\n 5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-6%<\/p>\n<\/td>\n<\/tr>\n | \n| Corporate & other<\/td>\n | \n (134)<\/b><\/p>\n<\/td>\n | | \n\n \n(155)<\/p>\n<\/td>\n | | \n\n \n(123)<\/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 $1,899<\/b><\/p>\n<\/td>\n | | \n\n \n$1,773<\/p>\n<\/td>\n | | \n\n \n$2,051<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-7%<\/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| Adjusted EBITDA margin<\/b><\/td>\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| Digital<\/td>\n | \n 34.7%<\/b><\/p>\n<\/td>\n | | \n\n \n26.1%<\/p>\n<\/td>\n | | \n\n \n31.5%<\/p>\n<\/td>\n | | \n\n 860 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n324 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Reservoir Performance<\/td>\n | \n 22.4%<\/b><\/p>\n<\/td>\n | | \n\n \n23.1%<\/p>\n<\/td>\n | | \n\n \n24.9%<\/p>\n<\/td>\n | | \n\n -73 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-248 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Well Construction<\/td>\n | \n 21.1%<\/b><\/p>\n<\/td>\n | | \n\n \n20.9%<\/p>\n<\/td>\n | | \n\n \n24.3%<\/p>\n<\/td>\n | | \n\n 19 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-321 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Production Systems<\/td>\n | \n 19.6%<\/b><\/p>\n<\/td>\n | | \n\n \n18.5%<\/p>\n<\/td>\n | | \n\n \n19.9%<\/p>\n<\/td>\n | | \n\n 109 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-28 bps<\/p>\n<\/td>\n<\/tr>\n | \n| All Other<\/td>\n | \n 44.9%<\/b><\/p>\n<\/td>\n | | \n\n \n44.4%<\/p>\n<\/td>\n | | \n\n \n47.2%<\/p>\n<\/td>\n | | \n\n 53 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-225 bps<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m<\/p>\n<\/td>\n | | \n\n \nn\/m<\/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 22.7%<\/b><\/p>\n<\/td>\n | | \n\n \n22.1%<\/p>\n<\/td>\n | | \n\n \n25.4%<\/p>\n<\/td>\n | | \n\n 54 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-278 bps<\/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 \nn\/m<\/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 21.2%<\/b><\/p>\n<\/td>\n | | \n\n \n20.3%<\/p>\n<\/td>\n | | \n\n \n24.0%<\/p>\n<\/td>\n | | \n\n 83 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-284 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| ChampionX contributed $34 million of Digital revenue and $865 million of Production Systems revenue in the second quarter of 2026. Excluding the impact of this acquisition, Digital second-quarter 2026 revenue increased 12% year on year while Production Systems revenue decreased 1% year on year.<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\nBroad-Based International Growth More than Offset Impact of Middle East Disruptions<\/b><\/p>\n \n“SLB delivered solid second-quarter results, as broad-based sequential growth across international markets \u2014 led by offshore activity in Latin America, Europe & Africa and Asia \u2014 more than offset the impact of continued disruptions in the Middle East,” said SLB Chief Executive Officer Olivier Le Peuch.<\/p>\n \n“Excluding the Middle East, revenue grew sequentially across all Divisions, supported by higher offshore activity, a rebound in U.S. unconventionals and strong demand for production and recovery solutions.<\/p>\n \n“Importantly, this quarter marked a return to year-on-year revenue growth outside the Middle East, reinforcing our view of the favorable investment backdrop for the industry. This growth is driven by customers\u2019 increased focus on energy security, supply diversification, and production capacity expansion,\u201d Le Peuch said.<\/p>\n Production Systems and Digital Drive Sequential Growth<\/b><\/p>\n \n“Production Systems revenue grew 7% sequentially supported by U.S. unconventionals and international markets, as customers increasingly prioritized solutions that enhance production, improve recovery and extend asset life. This drove growth in artificial lift, valves, surface production systems and production chemicals, further highlighting the strategic value of ChampionX in our portfolio.<\/p>\n \n“Production Systems also benefited from increased subsea activity, reflecting growing momentum in long-cycle offshore investment as customers advance key developments and sanction new projects.<\/p>\n \n“In Digital, revenue increased 9% sequentially, driven by strong revenue in Digital Exploration, Platforms & Applications, and Digital Operations.<\/p>\n \n“Digital, AI, and data-driven workflows are playing an increasingly important role in improving subsurface understanding, accelerating decision making, and enhancing operational performance. We continue to see strong demand for these capabilities going forward,\u201d Le Peuch said.<\/p>\n Data Center Solutions Growth Accelerates on Rising Demand and Customer Expansion<\/b><\/p>\n \n\u201cOur Data Center Solutions business maintained its strong growth trajectory during the second quarter, supported by rising demand and customer expansion. Data Center Solutions revenue in the first six months of 2026 grew 63% year on year.<\/p>\n \n\u201cDuring the quarter, Meta announced plans for a new 1GW data center in Canada, and we are proud to have been selected as a delivery partner for this project.<\/p>\n \n“Beyond adding new hyperscaler customers and expanding our footprint internationally, we have widened our scope to include engineering and design. This reflects the strength of SLB’s modular and scalable off-site manufacturing and engineering capabilities \u2014 and underscores the significant opportunity ahead to support hyperscaler customers as they accelerate investments in critical digital infrastructure.<\/p>\n \n“The Data Center Solutions business remains on track to exceed $1 billion annualized revenue run rate by the end of this year. As we broaden our offering and further diversify our customer base and geographic footprint, we expect to surpass $2 billion annualized revenue run rate as we exit 2027,” Le Peuch said.<\/p>\n Strong Foundation for 2027<\/b><\/p>\n \n“Our second-quarter performance demonstrates that growth is broadening across geographies outside the Middle East and spanning both short- and long-cycle resource plays. The regional conflict has heightened the industry\u2019s focus on supply diversification, which is expected to shape the next upcycle and is reinforcing the strategic importance of deepwater, exploration, and production and recovery activities.<\/p>\n \n\u201cIn the Middle East, the first-half revenue decline reflected lower activity and operational disruptions associated with the conflict. While activity began to recover in certain countries during the second quarter, the timing of a full recovery remains uncertain and will depend on a durable resolution of the conflict. As activity improves, we expect the return to full production capacity to take time.<\/p>\n \n\u201cThe recovery will require higher service intensity \u2014 particularly in well intervention \u2014 as well as increased equipment demand, infrastructure repair and the realignment of shipping logistics. With our differentiated technology, execution capabilities and regional scale, SLB is well positioned to support customers as activity and production normalize.<\/p>\n \n“Looking ahead, the combination of improving activity in the Middle East, strengthening offshore momentum led by exploration and deepwater, stronger demand for production and recovery solutions, continued Digital growth and increasing adoption of our Data Center Solutions business provides a strong foundation for SLB’s growth heading into 2027,” Le Peuch concluded.<\/p>\n Other Events<\/b><\/p>\n \nDuring the quarter, SLB repurchased 12 million shares of its common stock for a total purchase price of $648 million.<\/p>\n \nDuring the quarter, SLB completed the acquisition of Tachyus Corp., a Houston-based technology company specializing in high-speed reservoir modeling and optimization. This acquisition strengthens SLB\u2019s digital portfolio with differentiated physics-based reservoir modeling capabilities that enable faster reservoir management decisions to maximize recovery. The transaction also helps bridge development planning and production execution across complex and mature assets.<\/p>\n \nOn July 23, 2026, SLB\u2019s Board of Directors approved a quarterly cash dividend of $0.295 per share of outstanding common stock, payable on October 8, 2026, to stockholders of record on September 2, 2026.<\/p>\n Second-Quarter Revenue by Geographical Area<\/b><\/p>\n \nSecond-quarter revenue of $8.97 billion increased 3% sequentially with international revenue increasing 3% and North America revenue increasing 4%. Sequential revenue growth was broad-based with revenue increases in North America, Latin America, Europe & Africa, and Asia more than offsetting the 13% revenue decline in the Middle East due to persistent disruptions related to the conflict.<\/p>\n \nThe revenue growth was supported by higher offshore activity, a rebound in U.S. unconventionals, and strong demand for production and recovery solutions.<\/p>\n \nThe ChampionX businesses, acquired in July 2025, contributed $870 million of revenue in the second quarter of 2026, consisting of $606 million in North America and $234 million in the international markets.<\/p>\n \nExcluding the impact of this acquisition, second-quarter 2026 revenue decreased 5% year on year. International second-quarter 2026 revenue decreased 6% and North America second-quarter 2026 revenue decreased 1% year on year.<\/p>\n \n\n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n| As reported<\/b><\/td>\n | Three Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n $2,244<\/b><\/p>\n<\/td>\n | | \n\n \n$2,167<\/p>\n<\/td>\n | | \n\n \n$1,655<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n36%<\/p>\n<\/td>\n<\/tr>\n | \n| Latin America<\/td>\n | \n 1,714<\/b><\/p>\n<\/td>\n | | \n\n \n1,528<\/p>\n<\/td>\n | | \n\n \n1,492<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n15%<\/p>\n<\/td>\n<\/tr>\n | \n| Europe & Africa*<\/td>\n | \n 2,385<\/b><\/p>\n<\/td>\n | | \n\n \n2,256<\/p>\n<\/td>\n | | \n\n \n2,369<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| Middle East & Asia<\/td>\n | \n 2,572<\/b><\/p>\n<\/td>\n | | \n\n \n2,687<\/p>\n<\/td>\n | | \n\n \n2,986<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-14%<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations & other<\/td>\n | \n 57<\/b><\/p>\n<\/td>\n | | \n\n \n83<\/p>\n<\/td>\n | | \n\n \n44<\/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 $8,972<\/b><\/p>\n<\/td>\n | | \n\n \n$8,721<\/p>\n<\/td>\n | | \n\n \n$8,546<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n5%<\/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 $6,671<\/b><\/p>\n<\/td>\n | | \n\n \n$6,471<\/p>\n<\/td>\n | | \n\n \n$6,847<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-3%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n $2,244<\/b><\/p>\n<\/td>\n | | \n\n \n$2,167<\/p>\n<\/td>\n | | \n\n \n$1,655<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n36%<\/p>\n<\/td>\n<\/tr>\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 | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nThe following table and commentary are presented on a pro forma basis assuming that ChampionX was acquired on January 1, 2025.<\/p>\n \n\n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n| Pro forma<\/b><\/td>\n | Three Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/b><\/td>\n | | \nJun. 30,
2025<\/b><\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n $2,244<\/b><\/p>\n<\/td>\n | | \n\n \n$2,167<\/p>\n<\/td>\n | | \n\n \n$2,219<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| Latin America<\/td>\n | \n 1,714<\/b><\/p>\n<\/td>\n | | \n\n \n1,528<\/p>\n<\/td>\n | | \n\n \n1,568<\/p>\n<\/td>\n | | \n\n 12%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9%<\/p>\n<\/td>\n<\/tr>\n | \n| Europe & Africa*<\/td>\n | \n 2,385<\/b><\/p>\n<\/td>\n | | \n\n \n2,256<\/p>\n<\/td>\n | | \n\n \n2,456<\/p>\n<\/td>\n | | \n\n 6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-3%<\/p>\n<\/td>\n<\/tr>\n | \n| Middle East & Asia<\/td>\n | \n 2,572<\/b><\/p>\n<\/td>\n | | \n\n \n2,687<\/p>\n<\/td>\n | | \n\n \n3,075<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-16%<\/p>\n<\/td>\n<\/tr>\n | \n| Eliminations & other<\/td>\n | \n 57<\/b><\/p>\n<\/td>\n | | \n\n \n83<\/p>\n<\/td>\n | | \n\n \n80<\/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 $8,972<\/b><\/p>\n<\/td>\n | | \n\n \n$8,721<\/p>\n<\/td>\n | | \n\n \n$9,398<\/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 | \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 $6,671<\/b><\/p>\n<\/td>\n | | \n\n \n$6,471<\/p>\n<\/td>\n | | \n\n \n$7,099<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-6%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n $2,244<\/b><\/p>\n<\/td>\n | | \n\n \n$2,167<\/p>\n<\/td>\n | | \n\n \n$2,219<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\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 | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\nInternational<\/b><\/p>\n Latin America<\/b><\/p>\n \nRevenue in Latin America of $1.71 billion increased 12% sequentially driven by higher SLB OneSubsea\u2122 revenue, increased digital exploration sales and stronger offshore drilling activity in Brazil. The sequential increase was further supported by robust production systems sales in Guyana and Mexico.<\/p>\n \nYear on year, revenue increased 9% reflecting higher SLB OneSubsea revenue, increased digital exploration sales in Brazil, and strong offshore and land drilling activity across the region.<\/p>\n Europe & Africa<\/b><\/p>\n \nRevenue in Europe & Africa of $2.39 billion increased 6% sequentially. The growth was driven by higher SLB OneSubsea revenue in Scandinavia and Nigeria, increased artificial lift sales in Libya, and stronger intervention and stimulation activity across the area.<\/p>\n \nYear on year, revenue decreased 3%, primarily due to lower production systems sales in Turkey and Libya, as well as a decline in SLB Capturi\u2122 revenue due to completion of project milestones. These decreases were partially offset by higher stimulation, intervention and evaluation revenue in the UK North Sea, Eastern Europe, Azerbaijan and Turkmenistan.<\/p>\n Middle East & Asia<\/b><\/p>\n \nRevenue in the Middle East & Asia of $2.57 billion decreased 4% sequentially, reflecting a 13% decline in the Middle East, partially offset by a 17% increase in Asia. The Middle East accounted for approximately 65% of the area\u2019s revenue in the second quarter of 2026.<\/p>\n \nThe decline in the Middle East was driven by lower activity levels and operational disruptions related to the regional conflict. While activity began to recover in certain countries as conditions improved, operations in other markets remained constrained by production shut-ins and security challenges. In contrast, Asia delivered double-digit sequential growth, supported by higher drilling activity and increased production systems sales in China, stronger digital exploration sales in Indonesia, and robust SLB OneSubsea revenue in India and Australia.<\/p>\n \nYear on year, revenue declined 16%, primarily due to the impact of conflict-related disruptions in the Middle East, partially offset by strong growth across Asia.<\/p>\n North America<\/b><\/p>\n \nRevenue in North America of $2.24 billion increased 4% sequentially. The growth was driven by higher sales of production chemicals, artificial lift, and valves in U.S. land, as well as increased revenue from Data Center Solutions. These increases were partially offset by lower drilling activity in Canada due to the spring breakup and reduced digital exploration sales in the Gulf of America.<\/p>\n \nYear on year, revenue increased 1%, driven by higher offshore drilling in the Gulf of America and strong growth in Data Center Solutions revenue, which increased 80%. These increases were largely offset by the absence of $97 million in Asset Performance Solutions (APS) revenue in Canada following the divestiture of the Palliser project at the end of the second quarter of 2025.<\/p>\n Second-Quarter Results by Division<\/b><\/p>\n\n\nDigital<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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 $526<\/b><\/p>\n<\/td>\n | | \n\n \n$443<\/p>\n<\/td>\n | | \n\n \n$462<\/p>\n<\/td>\n | | \n\n 19%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n14%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 170<\/b><\/p>\n<\/td>\n | | \n\n \n197<\/p>\n<\/td>\n | | \n\n \n126<\/p>\n<\/td>\n | | \n\n -14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n35%<\/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 \n3<\/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 $697<\/b><\/p>\n<\/td>\n | | \n\n \n$640<\/p>\n<\/td>\n | | \n\n \n$591<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n18%<\/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 $194<\/b><\/p>\n<\/td>\n | | \n\n \n$134<\/p>\n<\/td>\n | | \n\n \n$153<\/p>\n<\/td>\n | | \n\n 44%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n27%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 27.8%<\/b><\/p>\n<\/td>\n | | \n\n \n20.9%<\/p>\n<\/td>\n | | \n\n \n25.9%<\/p>\n<\/td>\n | | \n\n 683 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n187 bps<\/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| Adjusted EBITDA*<\/td>\n | \n 242<\/b><\/p>\n<\/td>\n | | \n\n \n167<\/p>\n<\/td>\n | | \n\n \n186<\/p>\n<\/td>\n | | \n\n 45%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n30%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA margin*<\/td>\n | \n 34.7%<\/b><\/p>\n<\/td>\n | | \n\n \n26.1%<\/p>\n<\/td>\n | | \n\n \n31.5%<\/p>\n<\/td>\n | | \n\n 860 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n324 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *These are non-GAAP financial measures. See reconciliation in the section “Supplementary Information” for details.<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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| Platforms & Applications<\/td>\n | \n $258<\/b><\/p>\n<\/td>\n | | \n\n \n$241<\/p>\n<\/td>\n | | \n\n \n$266<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-3%<\/p>\n<\/td>\n<\/tr>\n | \n| Digital Operations<\/td>\n | \n 148<\/b><\/p>\n<\/td>\n | | \n\n \n143<\/p>\n<\/td>\n | | \n\n \n94<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n57%<\/p>\n<\/td>\n<\/tr>\n | \n| Digital Exploration<\/td>\n | \n 126<\/b><\/p>\n<\/td>\n | | \n\n \n101<\/p>\n<\/td>\n | | \n\n \n63<\/p>\n<\/td>\n | | \n\n 25%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n100%<\/p>\n<\/td>\n<\/tr>\n | \n| Professional Services<\/td>\n | \n 165<\/b><\/p>\n<\/td>\n | | \n\n \n155<\/p>\n<\/td>\n | | \n\n \n168<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-1%<\/p>\n<\/td>\n<\/tr>\n | \n | \n\n $697<\/b><\/p>\n<\/td>\n | | \n\n \n$640<\/p>\n<\/td>\n | | \n\n \n$591<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n18%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Digital second-quarter 2026 results include $34 million of revenue from ChampionX.<\/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 | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nDigital revenue of $697 million increased 9% sequentially, driven by a 25% increase in Digital Exploration revenue resulting from higher sales of exploration data licenses and transfer fees in Brazil and Indonesia. Sequential growth also benefited from higher sales in Platforms & Applications, increased Professional Services and increased adoption of Digital Operations.<\/p>\n \nYear on year, revenue increased primarily due to growth in Digital Exploration, supported by strong sales in Brazil and Indonesia. Growth was also aided by an increase in Digital Operations revenue. The slight decline in Platforms & Applications was due to lower sales of perpetual licenses, partially offset by growth in SaaS-based revenue.<\/p>\n \nAnnualized Recurring Revenue (ARR) for the Digital Division was $1.04 billion as of June 30, 2026, representing a 15% increase year on year compared with $904 million as of June 30, 2025.<\/p>\n \nDigital pretax operating margin was 28%, expanding 683 basis points (bps) sequentially, primarily due to higher sales of exploration data licenses and transfer fees, as well as improved profitability in Digital Operations and Platforms & Applications.<\/p>\n \nYear on year, pretax operating margin expanded 187 bps, reflecting higher sales of exploration data licenses and transfer fees, together with increased profitability in Digital Operations and Platforms & Applications.<\/p>\n \nFor a description of the revenue categories comprising the Digital Division, please refer to Question 10 of the Supplementary Information. Revenue, pretax operating income, and adjusted EBITDA for the Digital Division for the first six months of 2026 and 2025 are provided in Question 11. For the definition of ARR, please refer to Question 12.<\/p>\n \n\n| \n Reservoir Performance<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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 $1,409<\/b><\/p>\n<\/td>\n | | \n\n \n$1,445<\/p>\n<\/td>\n | | \n\n \n$1,541<\/p>\n<\/td>\n | | \n\n -3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-9%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 147<\/b><\/p>\n<\/td>\n | | \n\n \n143<\/p>\n<\/td>\n | | \n\n \n148<\/p>\n<\/td>\n | | \n\n 3%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-1%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 0<\/b><\/p>\n<\/td>\n | | \n\n \n6<\/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 $1,556<\/b><\/p>\n<\/td>\n | | \n\n \n$1,594<\/p>\n<\/td>\n | | \n\n \n$1,691<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-8%<\/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 $232<\/b><\/p>\n<\/td>\n | | \n\n \n$257<\/p>\n<\/td>\n | | \n\n \n$314<\/p>\n<\/td>\n | | \n\n -10%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-26%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 14.9%<\/b><\/p>\n<\/td>\n | | \n\n \n16.1%<\/p>\n<\/td>\n | | \n\n \n18.6%<\/p>\n<\/td>\n | | \n\n -121 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-370 bps<\/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| Adjusted EBITDA*<\/td>\n | \n 349<\/b><\/p>\n<\/td>\n | | \n\n \n369<\/p>\n<\/td>\n | | \n\n \n421<\/p>\n<\/td>\n | | \n\n -5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-17%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA margin*<\/td>\n | \n 22.4%<\/b><\/p>\n<\/td>\n | | \n\n \n23.1%<\/p>\n<\/td>\n | | \n\n \n24.9%<\/p>\n<\/td>\n | | \n\n -73 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-248 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *These are non-GAAP financial measures. See reconciliation in the section “Supplementary Information” for details.<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nReservoir Performance revenue of $1.56 billion decreased 2% sequentially, primarily due to lower evaluation, stimulation and intervention activity resulting from operational disruptions related to the Middle East conflict. While activity in the Middle East began to recover in certain countries as conditions improved, operations in some Middle East countries remained constrained by production shut-ins and ongoing security challenges. In North America, revenue increased, led by stronger U.S. land activity, despite the impact of the Canadian spring breakup. Revenue in Latin America was slightly lower, as strong growth in offshore Mexico was more than offset by reduced stimulation and intervention activity in Argentina. Revenue in Europe & Africa and Asia increased by double digits sequentially, driven by robust stimulation and intervention activity across the regions.<\/p>\n \nYear on year, revenue declined 8%, largely reflecting the impact of disruptions associated with the Middle East conflict. Revenue in Latin America was also lower, while revenue in Europe & Africa and Asia increased and North America revenue remained relatively stable.<\/p>\n \nReservoir Performance pretax operating margin of 15% contracted 121 bps sequentially primarily due to lower profitability in evaluation and intervention activities, partially offset by improved margins in stimulation.<\/p>\n \nYear on year, pretax operating margin contracted 370 bps, largely due to the operational disruptions in the Middle East.<\/p>\n \n\nWell Construction<\/b><\/td>\n<\/tr>\n\n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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 $2,156<\/b><\/p>\n<\/td>\n | | \n\n \n$2,195<\/p>\n<\/td>\n | | \n\n \n$2,394<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-10%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 549<\/b><\/p>\n<\/td>\n | | \n\n \n548<\/p>\n<\/td>\n | | \n\n \n512<\/p>\n<\/td>\n | | \n\n 0%<\/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 37<\/b><\/p>\n<\/td>\n | | \n\n \n54<\/p>\n<\/td>\n | | \n\n \n57<\/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 $2,742<\/b><\/p>\n<\/td>\n | | \n\n \n$2,797<\/p>\n<\/td>\n | | \n\n \n$2,963<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-7%<\/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 $417<\/b><\/p>\n<\/td>\n | | \n\n \n$424<\/p>\n<\/td>\n | | \n\n \n$551<\/p>\n<\/td>\n | | \n\n -2%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-24%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 15.2%<\/b><\/p>\n<\/td>\n | | \n\n \n15.2%<\/p>\n<\/td>\n | | \n\n \n18.6%<\/p>\n<\/td>\n | | \n\n 6 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-338 bps<\/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| Adjusted EBITDA*<\/td>\n | \n 578<\/b><\/p>\n<\/td>\n | | \n\n \n584<\/p>\n<\/td>\n | | \n\n \n720<\/p>\n<\/td>\n | | \n\n -1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-20%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA margin*<\/td>\n | \n 21.1%<\/b><\/p>\n<\/td>\n | | \n\n \n20.9%<\/p>\n<\/td>\n | | \n\n \n24.3%<\/p>\n<\/td>\n | | \n\n 19 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-321 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *These are non-GAAP financial measures. See reconciliation in the section “Supplementary Information” for details.<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n \nWell Construction revenue of $2.74 billion decreased 2% sequentially, reflecting the impact of disruptions associated with the Middle East conflict. The decline was partially offset by higher offshore drilling activity in Latin America, particularly in Guyana, Brazil and Mexico, as well as increased land drilling activity in Argentina and Ecuador. Revenue in North America was essentially flat, with stronger U.S. land activity being offset by the impact of the Canadian spring breakup. Revenue in Europe & Africa declined slightly, while Asia revenue increased modestly, supported by robust drilling activity in China.<\/p>\n \nYear on year, revenue declined 7%, primarily due to lower activity resulting from the Middle East conflict. This decrease was partially offset by higher offshore drilling activity in Latin America, Europe & Africa, and the Gulf of America.<\/p>\n \nWell Construction pretax operating margin of 15% was essentially flat sequentially, as lower profitability in the Middle East was offset by improved profitability in other areas.<\/p>\n \nYear on year, pretax operating margin contracted 338 bps, primarily due to lower profitability in the Middle East, partially offset by improved profitability in North America and Latin America.<\/p>\n \n\n| \n Production Systems<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n| As reported<\/b><\/td>\n | Three Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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 $2,478<\/b><\/p>\n<\/td>\n | | \n\n \n$2,272<\/p>\n<\/td>\n | | \n\n \n$2,243<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n10%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 1,259<\/b><\/p>\n<\/td>\n | | \n\n \n1,206<\/p>\n<\/td>\n | | \n\n \n685<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n84%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 34<\/b><\/p>\n<\/td>\n | | \n\n \n30<\/p>\n<\/td>\n | | \n\n \n4<\/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 $3,771<\/b><\/p>\n<\/td>\n | | \n\n \n$3,508<\/p>\n<\/td>\n | | \n\n \n$2,932<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n29%<\/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 $586<\/b><\/p>\n<\/td>\n | | \n\n \n$497<\/p>\n<\/td>\n | | \n\n \n$491<\/p>\n<\/td>\n | | \n\n 18%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n19%<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | \n 15.5%<\/b><\/p>\n<\/td>\n | | \n\n \n14.2%<\/p>\n<\/td>\n | | \n\n \n16.7%<\/p>\n<\/td>\n | | \n\n 138 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-120 bps<\/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| Adjusted EBITDA*<\/td>\n | \n 738<\/b><\/p>\n<\/td>\n | | \n\n \n648<\/p>\n<\/td>\n | | \n\n \n582<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n27%<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA margin*<\/td>\n | \n 19.6%<\/b><\/p>\n<\/td>\n | | \n\n \n18.5%<\/p>\n<\/td>\n | | \n\n \n19.9%<\/p>\n<\/td>\n | | \n\n 109 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-28 bps<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| *These are non-GAAP financial measures. See reconciliation in the section “Supplementary Information” for details.<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nProduction Systems revenue of $3.77 billion increased 7% sequentially, driven by strong growth in Latin America, Europe & Africa, Asia and North America, despite a decline in the Middle East due to disruptions associated with the regional conflict. Sequential growth was supported by higher revenue from SLB OneSubsea, along with increased sales of artificial lift, valves, surface production systems and completions.<\/p>\n \nYear on year, revenue increased 29%, primarily reflecting the contribution from the acquired ChampionX production chemicals and artificial lift businesses. These acquired businesses contributed $865 million in revenue and $155 million in pretax operating income during the second quarter of 2026.<\/p>\n \nExcluding the impact of the acquisition, Production Systems second-quarter 2026 revenue decreased 1% year on year. Strong growth in SLB OneSubsea and valves was more than offset by lower sales of surface production systems, production chemicals, completions and artificial lift, primarily due to disruptions related to the Middle East conflict. Outside the Middle East, Production Systems grew 3% year on year.<\/p>\n \nProduction Systems pretax operating margin was 16%, expanding 138 bps sequentially, driven by improved profitability in SLB OneSubsea and artificial lift. Margin expanded also due to the accretive contribution of ChampionX\u2019s production chemicals and artificial lift businesses. Notably, ChampionX delivered sequential pretax operating margin expansion for the third consecutive quarter.<\/p>\n \nYear on year, pretax operating margin contracted by 120 bps, primarily due to lower profitability in surface production systems and completions. This decline was partially offset by the accretive contribution from ChampionX\u2019s production chemicals and artificial lift businesses.<\/p>\n \nThe following table and commentary are presented on a pro forma basis assuming that ChampionX was acquired on January 1, 2025.<\/p>\n \n\n| \n \n(Stated in millions)<\/p>\n<\/td>\n<\/tr>\n | \n| Pro forma<\/b><\/td>\n | Three Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \nJun. 30,
2026<\/b><\/td>\n | | \nMar. 31,
2026<\/td>\n | | \nJun. 30,
2025<\/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 $2,478<\/b><\/p>\n<\/td>\n | | \n\n \n$2,272<\/p>\n<\/td>\n | | \n\n \n$2,496<\/p>\n<\/td>\n | | \n\n 9%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n-1%<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | \n 1,259<\/b><\/p>\n<\/td>\n | | \n\n \n1,206<\/p>\n<\/td>\n | | \n\n \n1,247<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n1%<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | \n 34<\/b><\/p>\n<\/td>\n | | \n\n \n30<\/p>\n<\/td>\n | | \n\n \n37<\/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 $3,771<\/b><\/p>\n<\/td>\n | | \n\n \n$3,508<\/p>\n<\/td>\n | | \n\n \n$3,780<\/p>\n<\/td>\n | | \n\n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n \nProduction Systems revenue of $3.77 billion was essentially flat year on year. Strong growth across Latin America, Europe & Africa, Asia and North America largely compensated for lower revenue in the Middle East, where operations continued to be affected by disruptions associated with the regional conflict.<\/p>\n All Other<\/b><\/p>\n \nAll Other is comprised of APS, Data Center Solutions and SLB Capturi.<\/p>\n \nRevenue increased 14% sequentially due to 33% higher revenue in Data Center Solutions while APS revenue was flat. Year on year, revenue declined 13%, primarily due to lower APS revenue following the divestiture of the Palliser asset in Canada at the end of the second quarter of 2025, coupled with reduced revenue in SLB Capturi. This decline was partially offset by an 80% increase in Data Center Solutions revenue.<\/p>\n \nPretax operating income increased sequentially due to improved profitability in Data Center Solutions and APS. Pretax operating income declined year on year due to lower profitability in APS projects following the Palliser divestiture.<\/p>\n Quarterly Highlights<\/b><\/p>\n Core<\/b><\/p>\n Contract Awards<\/b><\/p>\n \nSLB continues to win new contract awards that align with SLB\u2019s strengths in the Core. Notable highlights include the following:<\/p>\n \n- \nIn the Gulf of America, SLB OneSubsea joint venture was awarded a contract by bp to provide a subsea boosting system for the Thunder Horse deepwater development project. This engineering, procurement and construction contract for Thunder Horse follows recent subsea boosting contract awards for bp\u2019s Kaskida and Tiber developments. All three projects leverage the same supplier-led, standardized subsea boosting system solution, which helps improve execution efficiency and shorten delivery times.<\/p>\n<\/li>\n<\/ul>\n
\n- \nAlso, in the Gulf of America, SLB OneSubsea was awarded a contract by Beacon Offshore Energy Exploration and Production LLC to deliver a high\u2011pressure, high\u2011temperature (HPHT) multiphase boosting system for the Shenandoah field. The award reflects continued investment in deepwater developments, where advanced subsea production systems are being applied to improve recovery. OneSubsea\u2019s HPHT multiphase boosting system is engineered to operate reliably above 15,000 psi, addressing operating conditions that exceed the limits of conventional subsea solutions.<\/p>\n<\/li>\n<\/ul>\n
\n- \nOffshore Indonesia, SLB OneSubsea was awarded a contract by Eni North Ganal Limited (a subsidiary of Searah Limited, a joint venture company between Eni and PETRONAS) to deliver a steel tube umbilical system for the Kutei North Hub field development project in East Kalimantan. Supporting one of the region\u2019s most significant deepwater developments, OneSubsea will engineer, procure and manufacture 94.6 kilometers of umbilical for water depths of up to 2,200 meters. With a total system weight of approximately 6,700 tons, the project represents one of the largest umbilical contracts awarded in the industry to date.<\/p>\n<\/li>\n<\/ul>\n
\n- \nIn Kuwait, SLB was awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley initiative. The agreement will support applied research, technology deployment and digital innovation programs aligned with Kuwait’s long-term energy objectives. Under the agreement, SLB will work with KOC to evaluate, test and deploy advanced technologies across a range of operational and strategic priorities, including AI, industrial internet of things (IIoT) applications, production optimization, reservoir technologies, water management and energy transition initiatives.<\/p>\n<\/li>\n<\/ul>\n
\n- \nAlso in Kuwait, KOC awarded SLB a five-year contract to deliver bits for both land and offshore drilling operations as well as a significant contract award for cementing and related services in conventional and unconventional scopes. SLB will deploy advanced bits and reverse circulation technologies tailored for KOC\u2019s subsurface environment, addressing the complexity of local geological conditions. These high-performance drilling solutions are engineered to enhance efficiency and reduce well construction costs. The cementing award underscores SLB\u2019s commitment to innovative technologies, operational excellence and sustainable value \u2014 all while supporting KOC in driving safety, performance and long-term value creation in Kuwait.<\/p>\n<\/li>\n<\/ul>\n
\n- \nIn India, Oil and Natural Gas Corporation (ONGC) awarded SLB a significant deepwater drilling contract to support the drilling of 24 wells over four years for its offshore energy development. Under the agreement, SLB will deliver integrated drilling services and technologies to support efficient execution in complex deepwater environments. By combining advanced drilling technologies, digital workflows and deep domain expertise, SLB will optimize well performance, improve operational efficiency and reduce execution risk across the campaign. The project supports ONGC\u2019s strategy to accelerate domestic hydrocarbon production through efficient and cost-effective offshore development while reinforcing SLB\u2019s position as a trusted partner for complex deepwater projects in India.<\/p>\n<\/li>\n<\/ul>\n
\n- \nPTT Exploration and Production (PTTEP) awarded SLB a two-year managed pressure drilling (MPD) contract for offshore exploration. The scope includes a full MPD and pressurized mudcap drilling solution, powered by a custom compact above-tension-ring rotating control device and @balance Control\u2122 MPD system. This achievement highlights SLB\u2019s ability to deliver customized solutions for complex drilling environments and underscores the strength of the partnership with PTTEP. Through this collaboration, SLB continues to enhance operational efficiency and safety, reinforcing the commitment to excellence in service delivery.<\/p>\n<\/li>\n<\/ul>\n
| | | | | | | | | | | | | | | |
![\"The](\"https:\/\/mms.businesswire.com\/media\/20260722694386\/en\/2858158\/4\/SLB_Signage_-_San_Filipe-2663.jpg\")
<\/p>\n