Khaled Al Mogharbel
On April 7, 2025, Khaled Al Mogharbel indicated that he will step down as Executive Vice President, Geographies, of Schlumberger Limited (“SLB”), effective as of May 1, 2025, after a distinguished 30-year career with SLB.
Highest-materiality recent filing
SLB Q1 2026 GAAP EPS $0.50 (-14% YoY); organic revenue down 7%; adjusted EBITDA down 12%
GAAP EPS $0.50 vs $0.58 a year ago; adjusted EPS $0.52 vs $0.72, down 28% YoY.
SLB: Middle East disruptions to cut Q1 EPS by 6-9 cents; revenue below forecast
Demobilizing operations in a few Middle East countries after customer actions to safeguard personnel and facilities.
SLB Q4 rev $9.75B (+5% YoY); adj EPS $0.78 (-15% YoY); dividend +3.5% to $0.295
Q4 revenue $9.75B (+9% seq, +5% YoY); GAAP EPS $0.55 (-29% YoY); adj EPS $0.78 (-15% YoY).
SLB Q3 2025 revenue $8.93B, GAAP EPS down 40% YoY to $0.50
Revenue $8.93B (+4% sequentially, -3% YoY); international revenue $6.92B (-7% YoY).
SLB Q2 2025 EPS $0.74, revenue $8.55B; YoY declines across most segments
Revenue $8.55B, up 1% sequentially but down 6% YoY; International revenue down 8% YoY.
SLB closes ChampionX acquisition; expects $400M annual pretax synergies
ChampionX shareholders received 0.735 SLB shares per share; former shareholders now own ~9% of SLB.
UK CMA clears SLB-ChampionX merger; closing expected July 16, 2025
UK Competition and Markets Authority cleared the proposed all-stock acquisition of ChampionX by SLB.
SLB CEO says Q2 EBITDA to be flat sequentially, slightly down from prior guidance
Q2 revenue expected flattish sequentially but unfavorable geographic mix impacting margins.
SLB Q1 revenue $8.49B (-3% YoY), adj EPS $0.72 (-4% YoY); maintains $4B shareholder return target
Q1 revenue $8.49B, down 3% YoY; GAAP diluted EPS $0.58, down 22% YoY.
SLB Q4 adj EPS $0.92 up 7% YoY; raises dividend 3.6%, initiates $2.3B ASR
Q4 revenue $9.28B (+1% seq, +3% YoY); GAAP EPS $0.77 flat YoY; adjusted EPS $0.92 (+7% YoY).
SLB Q3 2024: revenue $9.16B (+10% YoY), adj. EPS $0.89, free cash flow $1.81B
GAAP EPS $0.83 (+6% YoY); adjusted EPS $0.89 (+14% YoY); net income $1.19B (+6% YoY).
SLB Q2 revenue $9.14B (+13% YoY), adjusted EPS $0.85 (+18% YoY), free cash flow $776M
Revenue $9.14B (+5% sequentially, +13% YoY); GAAP EPS $0.77 (+4% sequential, +7% YoY).
SLB Q1 2024: Revenue $8.71B (+13% YoY), Adj EPS $0.75 (+19%); $7B return target
GAAP EPS $0.74 (+14% YoY); net income $1.07B (+14%).
SLB and ChampionX execute merger agreement on April 2; financial terms not disclosed in filing
Merger Agreement between SLB and ChampionX dated April 2, 2024, filed as Exhibit 2.
SLB to acquire ChampionX in all-stock deal; ChampionX holders get 0.735 SLB shares
ChampionX shareholders receive 0.735 SLB shares per CHX share, owning ~9% of combined company.
Saudi Aramco will maintain Maximum Sustainable Capacity at 12 MMBD, suspending two not-yet-started offshore oil increment projects.
SLB Q4 revenue $8.99B (+14% YoY), adj EPS $0.86 (+21%), dividend raised 10%
Q4 revenue $8.99B (+14% YoY); GAAP EPS $0.77; adjusted EPS $0.86 (+21% YoY).
SLB Q3 2023 revenue $8.31B (+11% YoY), EPS $0.78 (+24% YoY), dividend $0.25/share
Revenue $8.31B, up 3% sequentially and 11% YoY; net income $1.12B (+24% YoY).
SLB Q2 2023 revenue $8.10B (+20% YoY), adj EPS $0.72 (+44% YoY), FCF $986M
Revenue $8.10B (+20% YoY); net income $1.03B (+8% YoY); GAAP EPS $0.72 (+7% YoY).
SLB subsidiary issues $1B in senior notes: $500M at 4.500% due 2028, $500M at 4.850% due 2033
Schlumberger Investment S.A. issued $500M 4.500% Senior Notes due 2028 and $500M 4.850% Senior Notes due 2033.
SLB Q1 revenue $7.7B (+30% YoY), GAAP EPS $0.65 (+81%)
Revenue $7,736M, up 30% YoY; GAAP net income $934M (+83%), diluted EPS $0.65 (+81%).
SLB appoints James Hackett to Board and as independent Chair-elect, effective July 1, 2023
James Hackett appointed to SLB Board effective April 17, 2023; becomes independent Chair on July 1, 2023.
SLB Q4 revenue $7.9B (+27% YoY), GAAP EPS $0.74 (+76% YoY); dividend raised 43%
Q4 revenue $7.9B, up 5% sequentially and 27% year-on-year; full-year revenue $28.1B, up 23%.
SLB announces 43% dividend increase to $0.25/share and Q1 2023 share repurchase resumption
CFO Stephane Biguet at 2022 Investors Conference disclosed intent to raise quarterly dividend by 43% to $0.25/share.
Schlumberger Q3 2022 revenue $7.5B (+28% YoY); adjusted EPS $0.63 (+75% YoY)
Revenue $7.5B up 10% seq and 28% YoY; international $5.9B (+26%), North America $1.5B (+37%).
Schlumberger Q2 revenue $6.8B (+20% YoY), EPS $0.67 beats; raises FY outlook to ≥$27B
Revenue $6.8B, up 14% sequentially and 20% YoY; GAAP EPS $0.67 (+123% YoY).
On April 7, 2025, Khaled Al Mogharbel indicated that he will step down as Executive Vice President, Geographies, of Schlumberger Limited (“SLB”), effective as of May 1, 2025, after a distinguished 30-year career with SLB.
On July 21, 2023, Mark Papa notified the Board of Directors (the “Board”) of Schlumberger Limited (“SLB”) of his retirement from the Board.
the Company expects Mr. Papa to retire after an appropriate handover with his successor, Mr. Hackett. The Company does not expect Mr. Papa to stand for re-election at SLB’s 2024 annual general meeting of shareholders.
Ms. Gharbi has entered into an agreement with the Company under which she agreed to certain restrictive covenants, including three-year non-competition and non-solicitation undertakings, as well as confidentiality and non-disparagement undertakings and a waiver and release of claims
In conjunction with his decision to step down, Mr. Belani has entered into an agreement with the Company to serve as Senior Strategic Advisor to Schlumberger’s Chief Executive Officer through March 31, 2024
On October 21, 2021, the Board of Directors (the “Board”) of Schlumberger Limited (the “Company”) appointed Ms. Vanitha Narayanan and Dr. Ulrich Spiesshofer to serve as members of its Board of Directors effective immediately.
On October 21, 2021, the Board of Directors (the “Board”) of Schlumberger Limited (the “Company”) appointed Ms. Vanitha Narayanan and Dr. Ulrich Spiesshofer to serve as members of its Board of Directors effective immediately.
On July 7, 2021, the Board of Directors (the “Board”) of Schlumberger Limited (the “Company”) appointed Mr. Peter Coleman to serve as a member of its Board of Directors effective immediately.
Max materiality 0.90 · Median 0.62 · Most common event earnings