Key facts
- SLB's third-quarter adjusted profit of 64 cents per share beat analysts' estimate of 62 cents.
- Total revenue for the quarter was $9.45 billion.
- North American revenue increased 24% to $2.40 billion, driven by oil and gas drilling activity.
- Revenue from the Middle East and Asia region decreased to $2.81 billion from $3 billion a year earlier.
SLB, a leading US oilfield services firm, reported third-quarter earnings that surpassed Wall Street expectations. The company's performance was bolstered by robust demand in North America, which saw a 24% revenue increase to $2.40 billion due to strong oil and gas drilling activity. This growth helped to offset a decline in revenue from the Middle East and Asia, which fell to $2.81 billion from $3 billion a year prior. The Middle East is SLB's largest market, representing 34% of its total revenue in 2025. Overall, SLB's total revenue for the quarter reached $9.45 billion.