SLB Stock Q3 Beat, $4B Buybacks & Oil Swoon: Will Schlumberger (SLB) Rebound?
SLB’s third-quarter 2025 results, released on Oct 17, showed better-than-expected profitability even as industry conditions softened. The company earned $0.69 per share for Q3, topping estimates of $0.66 Tipranks. Revenue came in at $8.93 billion, essentially on target Tipranks. Both metrics were down modestly from a year ago as global drilling activity has cooled. CEO Olivier Le Peuch described the quarter as “resilient,” noting SLB expanded its EBITDA margins and generated $1.8 B in free cash flow, thanks to efficiency gains Investing Investing. North America proved a bright spot – revenue there rose +14% YoY to $1.93 B as the U.S. rig count stabilized Reuters Reuters. International revenue fell 7% YoY to $6.92 B amid lower spending in regions like Latin America and Europe Reuters. Le Peuch noted that high oil inventories and geopolitical uncertainties made overseas customers cautious on short-cycle projects Investing Investing. A big Q3 storyline was SLB’s recent acquisition of ChampionX – a deal which closed July 16 and added two months of ChampionX results into the quarter Tipranks. ChampionX is a leader in oilfield chemicals, pumps, and artificial lift; folding it in bolstered SLB’s Production Systems division. SLB said Q3 revenue would have been down ~9%