Schlumberger reported a Q2 2025 revenue of $8.55 billion, which represents a decline of 6.6% year-over-year. Net income decreased by 8.8% to reach $1.01 billion, while operating income fell over 21% to $1.28 billion. Operating cash flow fell approximately 20% and free cash flow was down 31.7%. However, cash and equivalents surged by 190.8% to $8.59 billion. Despite these declines, SLB shares increased about 1% due to surpassing revenue and earnings per share expectations, with revenue exceeding $8.48 billion and EPS at $.74 against a forecast of $.73 per share.
Schlumberger's Q2 2025 revenue declined 6.6% year-over-year to $8.55 billion, with net income down 8.8% to $1.01 billion, and operating income sliding over 21%.
Despite a drop in key financial metrics, SLB shares are up about 1% following an earnings release that exceeded Wall Street expectations for revenue and earnings per share.
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