1. Caterpillar for oil wells.

2. Honeywell for oil and gas technology.

3. The 'Intel Inside' for oil and gas operations.

• Reservoir Characterization Services: Geophysical, geological, and wireline logging services to identify, evaluate, and characterize hydrocarbon reservoirs.
• Drilling Technologies & Services: Comprehensive solutions for drilling oil and gas wells, including directional drilling, drill bits, and real-time data acquisition.
• Well Completion & Production Services: Technologies and services for preparing wells for production, optimizing flow, and enhancing recovery throughout the well's lifecycle.
• Digital Solutions & Software: Advanced software platforms and data science solutions for optimizing exploration, development, and production workflows.
• New Energy & Carbon Services: Technologies and services supporting the transition to new energy systems, including geothermal, carbon capture and storage, and hydrogen.

SLB (Schlumberger) Major Customers

• ExxonMobil (Symbol: XOM)
• Chevron (Symbol: CVX)
• Shell plc (Symbol: SHEL)
• BP plc (Symbol: BP)
• Petrobras (Symbol: PBR)

Olivier Le Peuch, Chief Executive Officer

Olivier Le Peuch has served as Chief Executive Officer of SLB since August 2019. He began his career with Schlumberger (now SLB) in 1987 as an electrical engineer. Throughout his tenure, he has held numerous global management positions, including Chief Operating Officer, Executive Vice President of Reservoir & Infrastructure, President of the Cameron Group, President of Schlumberger Completions, Vice President of Engineering, Manufacturing, and Sustaining, and President of Schlumberger Information Solutions. Mr. Le Peuch holds an electrical engineering degree from Bordeaux Engineering School and a master's degree in microelectronics from Bordeaux University of Science.

Stephane Biguet, Executive Vice President and Chief Financial Officer

Stephane Biguet assumed the role of Executive Vice President and Chief Financial Officer in January 2020. He joined SLB in 1995, starting in the corporate internal audit group. Since then, he has held various finance and operations positions across Europe, Latin America, and North America. His previous roles include Vice President of Finance, Vice President Treasurer, Controller, and Vice President Global Shared Services. Mr. Biguet holds a master's degree in accounting and finance, as well as a postgraduate degree in accounting and management from the Université Paris-Dauphine.

Dianne Ralston, Chief Legal Officer

Dianne Ralston has been Chief Legal Officer of SLB since December 2020. Prior to joining SLB, she served as Executive Vice President, Chief Legal Officer, and Secretary of TechnipFMC. She also held the same positions at FMC Technologies from 2015 to 2017.

Demosthenis Pafitis, Chief Technology Officer

Demosthenis Pafitis was appointed Chief Technology Officer in February 2020. In this role, he is responsible for SLB's New Technology Development, Digital Technology Development, and Manufacturing. Mr. Pafitis began his career with Schlumberger in 1991, working in research and engineering. His previous positions include Senior Vice President of SLB 4.0 Platforms, Vice President of Engineering for Schlumberger Oilfield Services, and GeoMarket Manager for Malaysia, Brunei, and the Philippines. He holds a bachelor's degree in materials science and engineering from the University of London and a doctorate in materials science and engineering from the University of Cambridge, UK.

Tarek Rizk, Chief Performance Officer

Tarek Rizk assumed the position of Chief Performance Officer in March 2025. He is responsible for driving SLB's global performance strategy and its implementation, which includes areas like safety, operations integrity, planning, supply chain, manufacturing, and digital enablement. Mr. Rizk started his career at SLB in 2000 as a wireline field engineer in Egypt. He has held various operational and leadership roles across the Middle East, Asia, Europe, and North America, including President of Middle East and North Africa, and President of Drilling & Measurements. He earned a degree in electrical engineering from Alexandria University in Egypt.

SLB (Schlumberger) operates across several key segments within the oil and gas industry, providing technology and services for reservoir characterization, production, drilling, and processing. The addressable markets for its main products and services are substantial globally and in key regions.

• Overall Oilfield Services Market: The global oilfield services market was estimated at USD 133.1 billion in 2023 and is projected to reach USD 166.4 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.4% from 2024 to 2030. Another estimate valued the global market at USD 322.83 billion in 2024, projected to grow to USD 606.63 billion by 2035, with a CAGR of 5.90% from 2025 to 2035. North America held the largest revenue share in the global oilfield services market, accounting for 31.95% in 2023.

• Digital & Integration (Digital Oilfield Solutions): The global digital oilfield market size was estimated at USD 29.03 billion in 2024 and is projected to reach USD 41.6 billion by 2030, growing at a CAGR of 6.2% from 2025 to 2030. Another report projects the global digital oilfield market to reach USD 43.0 billion by 2029 from an estimated USD 30.1 billion in 2023, at a CAGR of 6.3% during the forecast period. The North American digital oilfield market dominated the global market with a revenue share of 34.85% in 2024.

• Reservoir Performance (Reservoir Analysis): The global reservoir analysis market was valued at approximately USD 1.2 billion in 2024 and is anticipated to reach USD 13.03 billion by 2031, growing at a CAGR of about 4.40%. Another source indicates the global reservoir analysis market size was USD 8.94 billion in 2024, projected to grow from USD 9.73 billion in 2025 to USD 14.07 billion by 2032, exhibiting a CAGR of 5.40%. North America is expected to dominate the reservoir analysis market throughout the forecast period.

• Well Construction (Drilling Services): The global oil and gas wells drilling services market size was USD 50.21 billion in 2024 and is expected to reach USD 59.12 billion by 2029, growing at a CAGR of 3.4%. The oilfield drilling services segment dominates the global oilfield services market, accounting for approximately 43% of the total market share in 2024.

• Production Systems (Well Completion and Intervention): The well completion market was valued at USD 40.21 billion in 2023. The global well intervention market size was valued at USD 9.30 billion in 2023 and is projected to reach USD 12.01 billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030.

SLB (NYSE: SLB) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. International Market Expansion: SLB anticipates continued revenue growth from its international operations, particularly in the Middle East and Asia. These regions have been identified as key growth drivers, with many reaching record-high revenues in recent periods.
2. Growth in Digital and AI Solutions: The company's digital business is a fast-growing segment, with significant investments in cloud computing, artificial intelligence (AI), and data center solutions. Digital revenue increased 11% sequentially in Q3 2025 and full-year 2024 digital revenue grew 20% year on year, supported by close to 35% growth from cloud, AI, and edge technology. SLB expects its digital revenue to reach $3 billion by 2025.
3. Contribution from ChampionX Acquisition and Production Systems: The acquisition of ChampionX is a significant driver, expected to reshape SLB's revenue mix by expanding into less cyclical segments such as production chemicals and artificial lift solutions. The acquisition contributed $579 million in revenue in Q3 2025 and management targets $400 million in annual pre-tax synergies within three years. Growth in Production Systems is also driven by strong demand for surface production systems, completions, and artificial lift.
4. Expansion of New Energy Businesses: SLB's investments in new energy businesses, including carbon capture, geothermal, and critical minerals, are positioned as long-term growth drivers. Revenue from these segments, along with data center solutions, is expected to exceed $1 billion in 2025.

Share Repurchases

• SLB announced its intent to resume share repurchases under its existing program in November 2022, commencing in the first quarter of 2023.
• The company did not repurchase common stock during the first nine months of 2022 or the year ended December 31, 2021.
• SLB targeted to return $7 billion to shareholders over 2024-2025, with $3 billion in 2024 and $4 billion in 2025, through dividends and buybacks. In 2024, SLB repurchased a total of $1.74 billion worth of shares. For the first nine months of 2025, the company repurchased $2.41 billion worth of shares.
• An accelerated share repurchase program of $2.3 billion was initiated in December 2024 and completed by April 7, 2025, resulting in the repurchase of 56.8 million shares.

Share Issuance

• In July 2025, SLB completed the acquisition of ChampionX Corporation in an all-stock transaction. ChampionX shareholders received 0.735 shares of SLB common stock for each ChampionX share, resulting in former ChampionX shareholders owning approximately 9% of SLB's outstanding shares.
• Approximately 141 million shares of SLB stock were issued in connection with the ChampionX acquisition.

Outbound Investments

• SLB acquired ChampionX Corporation in an all-stock transaction, completed in July 2025. This acquisition strengthens SLB's presence in the production and recovery market and is expected to generate approximately $400 million in annual pretax synergies within three years.
• In March 2024, SLB combined its carbon capture business with Aker Carbon Capture, with SLB holding an 80% ownership stake in the combined entity.
• SLB completed the sale of its working interests in the Palliser Block in Alberta, Canada, receiving $316 million of net cash proceeds in the second quarter of 2025.

Capital Expenditures

• SLB's capital expenditures averaged $2.02 billion from fiscal years 2020 to 2024. Capital expenditures were $1.419 billion in 2020, $1.615 billion in 2021, $2.205 billion in 2022, $2.446 billion in 2023, and $2.414 billion in 2024.
• For the full year 2025, capital investment, including capex, exploration data costs, and Asset Performance Solutions (APS) investments, is expected to be approximately $2.4 billion, reflecting the impact of the ChampionX acquisition. This figure was previously guided at $2.3 billion before the ChampionX impact, down from $2.6 billion in 2024.
• The primary focus of capital expenditures is to support sustained earnings growth and free cash flow generation, maintaining capex between 5% to 7% of revenue, excluding capital deployed in APS projects. As of December 31, 2024, SLB's APS portfolio primarily included three field production projects in Ecuador and one in Canada.