SLB reported a 25% year-over-year decline in fourth-quarter 2025 net profit to $824 million ($0.55 per share), though adjusted earnings of $0.78 per share exceeded analyst expectations. This performance incorporated a full quarter of operations from the recently acquired ChampionX, a competitor purchased for $7.8 billion in the third quarter.

Financial Performance and Revenue

Despite the profit decline, the company achieved a 5% increase in quarterly revenue, rising to $9.75 billion. This growth was driven by a 26% surge in North America revenues to $2.21 billion, while international revenues remained nearly flat at $7.45 billion. The sequential revenue increase across all four geographic divisions marked the first such occurrence since mid-2024, indicating a stabilization in global upstream oil and gas activity.

Strategic Outlook and Cash Flow

Management characterized 2025 as a challenging year due to lower commodity prices, geopolitical uncertainty, and an oversupplied market but stated the company built portfolio resilience by accelerating its strategy. Operational cash flow was strong at $3.01 billion, with free cash flow of $2.29 billion. Based on this financial position, SLB committed to returning over $4 billion to shareholders in 2026 via dividends and share buybacks.

Forward-Looking Statement

Looking ahead to 2026, SLB expressed confidence that the regional headwinds of 2025 are now in the past. The company specifically anticipates a recovery in Middle East rig activity from current levels and believes its established regional footprint positions it strongly to benefit from this expected upturn.