SLB Q3 Profit Flat Despite Revenue Climb


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - Oilfield services titan SLB reported Friday (10/23) 
flat year-on-year net income for the third quarter of 2026 despite higher 
revenues driven by the acquisition of upstream services provider ChampionX.

Third-quarter net income at the Curacao-incorporated, Houston-headquartered SLB 
dipped to $735 million from $739 million a year ago owing to charges, 
acquisition integration costs and lower operating margins. Revenue rose 6% to 
$9.45 billion from $8.93 billion during the same period. Geographically, Middle 
East operations witnessed a 6% year-on-year drop in contributions while Latin 
American revenues rose 18% and European and African turnover was flat, North 
American revenue was an outlier, growing 24% year-on-year, after the 
acquisition of ChampionX, a provider of production chemical solutions, 
emissions monitoring technologies, and specialized digital automation tools for 
oil and gas wells.Chief Executive Officer Olivier Le Peuch stated that 
underlying energy market fundamentals remain firmly intact, with global energy 
security priorities driving deepwater exploration and international supply 
diversification into 2027. 


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