COVERAGE / SLB / Energy

SLB LIMITED/NV

Oil & Gas Field Services, NEC

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$35.71bn

Prior / $36.29bn

Change / -1.60%

SOURCE / 2026-01-23

Operating income

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Net income

$3.37bn

Prior / $4.46bn

Change / -24.37%

SOURCE / 2026-01-23

Diluted EPS

$2.35

Prior / $3.11

Change / -24.44%

SOURCE / 2026-01-23

Free cash flow

$4.8bn

Prior / $4.67bn

Change / +2.65%

SOURCE / 2026-01-23

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Return on avg. equity

14.28%

Prior / 21.59%

Change / -7.31 pp

SOURCE / 2026-01-23

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 35708000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3374000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2.35,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6489000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 1694000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 54868000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 27577000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 26109000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 19513000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 14721000000,
    "accn": "0001193125-26-021017",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-01-23",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$35.71bn	$3.37bn	$4.8bn	$2.35
2024-12-31	$36.29bn	$4.46bn	$4.67bn	$3.11
2023-12-31	$33.14bn	$4.2bn	$4.7bn	$2.91
2022-12-31	$28.09bn	$3.44bn	$2.1bn	$2.39

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	22.16x	Unavailable	28.66x	8
P/S	2.16x	Unavailable	2.09x	8
P/B	2.96x	Unavailable	2.97x	8
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	6.20%	Unavailable	5.11%	2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-30 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 52.08,
  "tradingDate": "2026-09-17",
  "marketCap": 77294179470.48,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-06-30"
}

Company & operating context

SLB LIMITED/NV is an SEC-reporting issuer listed on NYSE under SLB. Its SEC industry description is Oil & Gas Field Services, NEC. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-01-23PERIOD / 2025-12-31

SLB filed this 10-K on 2026-01-23 for the reported period 2025-12-31. Reading focus: Realized prices, production volumes, refining economics and capital expenditure. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0135SLBCompany Research

SLB: reading the FY2025 financial structure ↗

SLB LIMITED/NV

Research abstract

Annual revenue of USD 35.708 billion and net income of USD 3.374 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.

Realized prices, production volumes, refining economics and capital expenditure.

ENERGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-01-23
SEC annual filing · 2024-12-31 ↗Source date 2026-01-23
SEC annual filing · 2023-12-31 ↗Source date 2026-01-23
SEC annual filing · 2022-12-31 ↗Source date 2025-01-22
SEC issuer record ↗Source date 2026-09-18