SLB Q2 revenue rises 5% to $8.97 billion; GAAP EPS falls 30% year on year
SLB reported second-quarter 2026 revenue of $8.97 billion, up 3% from the first quarter and 5% from a year earlier. GAAP diluted EPS of $0.52 rose 4% sequentially but fell 30% year on year, and the company cited continued Middle East disruptions as a drag, offset by growth elsewhere. The board also approved a quarterly dividend of $0.295 per share.
Key points
- Revenue of $8.97 billion increased 3% sequentially and 5% year on year; ChampionX businesses contributed $870 million.
- GAAP diluted EPS of $0.52 compares with $0.74 a year earlier; EPS excluding charges and credits was $0.55.
- Middle East revenue declined 13% sequentially due to conflict-related disruptions, while Asia rose 17%.
- Board approved a quarterly cash dividend of $0.295 per share, payable October 8, 2026, to holders of record on September 2, 2026.
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 July 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.