LabCorp or Quest Diagnostics for oil and gas wells.

Intel for oil reservoir intelligence and efficiency.

• Reservoir Description Services: Analyze core samples, reservoir fluids, and advanced petrophysical data to characterize the geological and petrophysical properties of oil and gas reservoirs.
• Production Enhancement Services: Optimize hydrocarbon recovery through well completion design, hydraulic fracturing support, and production logging to improve reservoir flow and well performance.
• Reservoir Management Services: Provide integrated studies, specialized software, and data management solutions to help clients develop, manage, and optimize their oil and gas assets.

• International Oil and Gas Companies: These are large, multinational energy companies involved in all aspects of the oil and gas industry (exploration, production, refining, distribution).
• National Oil Companies (NOCs): These are state-owned or state-controlled oil and gas companies that play a significant role in their respective countries' energy sectors.
• Independent Oil and Gas Exploration and Production (E&P) Companies: These are companies primarily focused on finding and extracting oil and natural gas.

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Lawrence V. Bruno, Chairman of the Board, President, and Chief Executive Officer

Mr. Bruno joined Core Laboratories in 1999. He became President of the Company on February 1, 2018, and assumed the position of Chief Operating Officer on January 1, 2019. On May 20, 2020, Mr. Bruno succeeded David Demshur as the Chairman of the Supervisory Board and Chief Executive Officer. He led the company's global reservoir-based laboratories within the Reservoir Description segment from July 2015 through January 31, 2018, and also served as President of the Petroleum Services division and General Manager of U.S. Rocks. Prior to joining Core Laboratories, he was employed at an oil and gas service company for 14 years before it was acquired by Core Laboratories in 1999. He received a Master of Science degree in Geology in 1987 from the University of Houston.

Christopher S. Hill, Senior Vice President, Chief Financial Officer

Mr. Hill became Chief Financial Officer on May 24, 2018, after serving as Vice President, Chief Accounting Officer from May 2015 to May 2018. He joined Core Laboratories in October 2006 and has served in various roles, including an overseas assignment in the Netherlands where he oversaw global shared service centers and led investor relations efforts. Before joining Core Laboratories, he was the Controller – Energy & Chemicals of the KBR Division and Corporate Director of Training and Accounting Research at Halliburton from August 2000 to October 2006. Mr. Hill began his professional career in 1993 at Ernst & Young's assurance practice, where he was a Manager for three years. He is a Certified Public Accountant (CPA) and holds a BBA in Accounting from Texas A&M University and an Executive MBA from Rice University.

Gwendolyn Y. Gresham, Senior Vice President, Corporate Development & Investor Relations

Ms. Gresham has served as Senior Vice President, Corporate Development & Investor Relations since 2016. She has been with Core Laboratories for 12 years. Prior to her current role, she was Vice President, Corporate Development and Investor Relations, and before that, Vice President, Human Resources based in Amsterdam, and Director of U.S. Human Resources. She holds a BS degree in Organizational Behavior and an MBA.

J. Donald Dumas Jr., Senior Vice President, Production Enhancement & Business Development

Mr. Dumas serves as the Senior Vice President of Production Enhancement & Business Development. He started at Core Laboratories in January of 2019.

Mark D. Tattoli, Senior Vice President, Secretary and General Counsel

Mr. Tattoli became Senior Vice President, Secretary and General Counsel on July 1, 2021, after serving as Assistant General Counsel since November 2012. He oversees all aspects of the Company's legal and compliance matters. Mr. Tattoli has 20 years of industry experience as in-house counsel and outside counsel for companies in the petroleum industry.

The accelerated pace of the global energy transition, driven by increasing regulatory pressures, investor mandates for decarbonization, and major oil and gas companies' (CLB's primary clients) explicit strategies to reduce capital expenditures on new exploration and development projects, poses a clear emerging threat. This structural shift towards reduced upstream investment and a focus on existing, lower-carbon intensity assets directly diminishes the addressable market for Core Laboratories' reservoir characterization, core analysis, and fluid analysis services, particularly those related to new discoveries and frontier developments. This trend, distinct from cyclical oil price fluctuations, represents a fundamental re-evaluation of fossil fuel investment that threatens the long-term demand for CLB's specialized services.

Reservoir Description Services and Products

This segment includes services such as core analysis, reservoir fluid analysis, inspection, testing, calibration, and integrated reservoir solutions. The addressable market for reservoir analysis services is substantial globally:

• The global reservoir analysis market was valued at approximately USD 9.251 billion in 2022 and is projected to reach USD 13.761 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2032.
• Another estimate places the global reservoir analysis market at USD 9.62 billion in 2025, with an expectation to reach USD 12.27 billion by 2030 at a CAGR of 4.98%.
• In North America, the reservoir analysis market was valued at USD 3.43 billion in 2024. North America held the largest share of the global market, accounting for 41.0% of the revenue in 2024.

Production Enhancement Services and Products

Core Laboratories' Production Enhancement segment offers diagnostic services, proppant and fluid testing, perforating systems, and completion and stimulation analysis. These services are encompassed within the broader oilfield services market:

• The global oilfield services market was estimated at USD 133.1 billion in 2023 and is projected to grow to USD 166.4 billion by 2030, with a CAGR of 3.4% from 2024 to 2030.
• Another report indicated the global oilfield services market size was USD 267.82 billion in 2019 and is projected to reach USD 481.82 billion by 2032, exhibiting a CAGR of 6.71% from 2020 to 2032.
• The North American oilfield services market held a dominant revenue share of 31.95% in 2023.

Carbon Capture and Storage (CCS) Subsurface Characterization and Inspection Services

Core Laboratories is a provider of subsurface characterization and inspection services for carbon storage monitoring, verification, and reporting within the Carbon Capture and Storage (CCS) sector. However, specific addressable market sizes for these particular services were not identified in the search results.

• Increased International Activity and Demand for Reservoir Description Services: Core Laboratories anticipates sustained growth from strong international demand for its global rock and fluid laboratory services within its Reservoir Description segment. This demand is particularly evident in regions such as Asia, India, the Middle East, and Africa, where long-cycle projects and the necessity to offset natural declines from existing fields are driving investments in upstream projects.
• Deployment of New and Proprietary Technologies: The company's strategic plan includes ongoing investments in technology to address client challenges and capitalize on technical and geographic opportunities. New product and service offerings, such as the Pulverize technology for plug and abandonment operations, STIMGUN™ propellant technology, and Complete Crush™ for completion and stimulation analysis, are expected to contribute to revenue growth. Additionally, digital transformation initiatives like the modernization of RAPID™ and the CONNECT:™ ecosystem are enhancing data delivery and operational efficiency, thereby improving client satisfaction and strengthening Core Lab's market position.
• Growth in Production Enhancement Services and International Product Sales: The Production Enhancement segment is projected to see revenue growth fueled by continued demand for completion diagnostic services in both U.S. onshore and offshore markets, as well as improved international product sales.
• Expansion into Carbon Capture and Sequestration (CCS) Projects: Core Laboratories is actively pursuing growth opportunities within the emerging Carbon Capture and Sequestration market. While many projects are in early stages, Core Lab's involvement in understanding how CO2 introduction affects rock and fluids represents a potential new revenue stream aligned with energy transition efforts.
• Global Crude Oil Demand and Upstream Investment: Forecasts from the IEA, EIA, and OPEC+ indicate continued growth in global crude oil demand, particularly from non-OECD countries. This persistent demand necessitates ongoing investment in the development of both onshore and offshore crude oil fields and new production to offset natural declines, which directly drives the need for Core Lab's reservoir optimization and production enhancement services.

Share Repurchases

• Since 2002, Core Laboratories has returned $2.7 billion in excess capital to shareholders through share repurchases, warrant settlements, dividends, and special dividends.
• In 2024, the company repurchased shares with a value of approximately $5.3 million.
• During the third quarter of 2025, Core Laboratories repurchased 462,248 shares for an aggregate purchase price of $5.0 million.

Share Issuance

• In the first quarter of 2021, Core Laboratories completed an At-The-Market (ATM) equity offering program, issuing 1,658,012 shares at a weighted average price of $36.19.
• The net proceeds of $59.1 million from the ATM offering were used to reduce outstanding debt on the company's revolving credit facility.

Outbound Investments

• In September 2025, Core Laboratories announced the strategic acquisition of Solintec, a Brazil-based integrated geological services company.
• This acquisition strengthens Core Lab's presence in Brazil's oil and gas sector and enhances geological assessment services for offshore pre-salt and onshore projects.

Capital Expenditures

• Core Laboratories maintained annual capital expenditures between $10.0 million and $13.5 million during the years 2021, 2022, and 2023, a reduction from pre-pandemic levels.
• For the full year 2024, capital expenditures totaled a little over $13.0 million.
• For the full year 2025, capital expenditures for operations are expected to be in the range of $11 million to $13 million, with an additional $10 million to $12 million anticipated for rebuilding the Aberdeen facility, which is covered by insurance.