Slb Limited

Company facts

Industry

Oil & Gas Field Services, NEC

Headquarters

Houston, Texas

Most recent report

10-Q, filed Oct 28, 2026

Incorporated

N/A

Filings on record

1,002+ filings

On EDGAR

CIK 87347

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 3 positive, 8 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with key balance-sheet swings and fine print.
  Notable

  • Revenue in excess of billings (contract assets) rose to $0.6B at Sept. 30, 2026 from $0.4B at Dec. 31, 2025.
  • Backlog was $6.8B at Sept. 30, 2026, with about 80% expected as revenue in 12 months.

• Management's Discussion (Item 2)

  MD&A with segment results, cash flow, debt increase, and a large acquisition.
  Positive

  • Revenue up 5% sequentially to $9.4B in Q3 2026, with all geographic areas growing.
  • ChampionX achieved its highest quarterly revenue since acquisition in July 2025.
  • Data Center Solutions revenue grew 23% sequentially, or $44M, in Q3 2026.
  Notable

  • Dividend raised 3.5% to $0.295 per share quarterly, starting April 2026.
  • Issued $2.0B in senior notes in Q2 2026: $500M at 4.55%, $500M at 4.80%, $1.0B at 5.15%.
  • Only the US accounted for >10% of net receivables as of Sept. 30, 2026.
  • SLB agreed to acquire Kelvion for $3.4B cash plus $0.7B debt, expected to close in H1 2027.
  Negative

  • Middle East revenue fell 16% year-on-year in nine months 2026 due to operational disruptions from conflict.

• Unregistered Sales and Repurchases (Item 2)

  Buyback pace and remaining authorization are material for capital allocation analysis.
  Notable

  • Repurchased 12.9M shares for $657M in Q3 2026, leaving $2.37B of the $10B program.

• Other Information (Item 5)

  Iran sanctions exposure: residual bank accounts and tax payments continue.
  Notable

  • SLB says it will stop dealings with these banks once all owed amounts are received, but no timeline given.
  Negative

  • SLB maintains accounts at two Iranian banks (Saderat, Tejarat) for prior service payments and taxes in Q3 2026.

What changed: Sep 2026 vs. Jun 2026

About 11% of SLB's Sep 2026 10-Q is new information. 23 paragraphs were added, 69 changed, and 20 removed. Below are the most important lines SECSift identified.

• Item 2 48
• Item 1 23
• Item 5 1
• Item 6 1