• SLB hosted its Q1 2026 earnings call on April 24, attended by CEO Olivier Le Peuch, CFO Stephane Biguet, Senior VP IR James McDonald, and analysts from Barclays, Melius Research, Evercore ISI, JPMorgan, Citi, Redburn, TD Cowen, and Goldman Sachs.
• Management tied Q1 disruption to Middle East conflict, citing force majeure in Qatar, security-driven impacts in Iraq, and higher logistics and materials costs that pressured margins.
• CFO reported adjusted EPS of $0.52 on revenue of $8.7 billion, with adjusted EBITDA margin of 20.3% and free cash flow of negative $23 million amid seasonal working capital and delayed Middle East collections.
• CEO outlined Q2 scenario where Middle East disruptions persist into mid-quarter, with EPS hit of $0.06-$0.08 versus Q1 offset by mid-to-high-single-digit international growth outside region; North America revenue seen flat sequentially.
• Strategy update highlighted ChampionX integration and data centers, with Digital annual recurring revenue at $1.02 billion, data center solutions targeted to exit 2026 at $1 billion run rate, and OneSubsea positioned for higher bookings as offshore FIDs strengthen into 2027-2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schlumberger Ltd. published the original content used to generate this news brief on April 26, 2026, and is solely responsible for the information contained therein.