SLB Q1 2026 revenue rises 3% to $8.72 billion, but per-share profit falls 14%
SLB reported first-quarter 2026 results on April 24, 2026. Revenue rose 3% year on year to $8.72 billion, helped by the ChampionX acquisition, while diluted EPS fell 14% to $0.50 and EPS excluding charges and credits fell 28% to $0.52. The company cited Middle East conflict disruptions and said its board approved a quarterly dividend of $0.295 per share.
Key points
- Revenue of $8.72 billion rose 3% year on year but fell 11% sequentially.
- GAAP diluted EPS of $0.50 declined 14% year on year; EPS excluding charges and credits of $0.52 declined 28%.
- ChampionX contributed $838 million of revenue; excluding that acquisition, revenue decreased 7% year on year.
- On April 23, 2026, SLB agreed to acquire S&P Global Energy's geoscience and petroleum engineering software business, expected to close in the second half of 2026 or early 2027.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.