Schlumberger Q2 Profit Drops, Beats Estimates

Schlumberger (SLB) reported second-quarter 2025 earnings of $0.74 per share, a decrease from $0.85 a year earlier, but still surpassing Wall Street expectations. Total revenue fell 6% year-over-year to $8.55 billion, exceeding analyst forecasts due to strong performance in data-center infrastructure and some resilient international demand. International revenues dropped over 8%, attributed to weaker drilling activity in regions such as Mexico and Saudi Arabia, while North America revenue rose 1% despite a sharp decline in U.S. land drilling. CEO Olivier Le Peuch cited ongoing challenges from fully supplied oil markets, OPEC+ supply releases, and geopolitical tensions. SLB has exceeded consensus EPS estimates in three of the past four quarters. However, SLB shares have lagged the S&P 500 this year, as the company focuses on key international projects and adapting to evolving customer needs.