SLB Limited reported first‑quarter 2026 revenue of $8.7 billion, up 3% from a year earlier, with net income of $761 million and diluted EPS of $0.50 versus $0.58 in 2025. Results reflected strong contributions from the ChampionX acquisition but significant operational disruption from the Middle East conflict.
Excluding ChampionX, revenue fell 7% year on year as international revenue declined 7% and North America 8%, driven mainly by lower activity in Well Construction and Reservoir Performance. Production Systems grew 23%, including $833 million of revenue and $148 million of pretax income from ChampionX production chemicals and artificial lift.
Sequentially, revenue decreased 11% from the fourth quarter on seasonal factors and Middle East disruption. Operating cash flow was $487 million and free cash flow slightly negative at $23 million after $0.5 billion of capital investments. Net debt increased to $8.2 billion, while the company repurchased $451 million of stock and paid $426 million in dividends, following a dividend increase to $0.295 per share.
Olivier Le Peuch reported sales of Common Stock: 25,000 shares on 02/25/2026 and 25,000 shares on 03/25/2026, each for $1,300,000. The filing also records 25,000 shares described as Restricted Stock Vesting dated 01/20/2024 issued as Compensation. Fidelity Brokerage Services LLC is listed as the broker for the securities to be sold.
SLB LIMITED reported mixed first-quarter 2026 results, with modest growth but weaker profitability. Revenue rose to $8.72 billion, up 3% year on year, helped by the ChampionX acquisition, which contributed $838 million of revenue and boosted Production Systems.
Despite this, earnings softened. Net income attributable to SLB fell to $752 million from $797 million, and diluted EPS declined to $0.50 from $0.58. Adjusted EBITDA slipped to $1.77 billion with margin down to 20.3% from 23.8%, reflecting disruptions from the Middle East conflict, lower activity, and pricing pressure, particularly in Well Construction and Reservoir Performance.
Digital remained a growth engine, with revenue up 9% and annualized recurring revenue reaching $1.02 billion, a 15% increase year on year. Data Center Solutions revenue grew 45% to $141 million. SLB generated $487 million of operating cash flow but free cash flow was slightly negative at -$23 million, and net debt increased to $8.22 billion. The company repurchased 9.2 million shares for $451 million and declared a quarterly dividend of $0.295 per share, reiterating its plan to return more than $4 billion to shareholders in 2026.
SLB Limited reported that shareholders at its 2026 Annual General Meeting on April 8, 2026 elected all nominated directors and approved every proposal on the agenda. Shareholders gave strong advisory support for executive compensation, endorsed 2025 financial statements and dividends, ratified the 2026 auditor, and approved changes to the 2017 Omnibus Stock Incentive Plan.
SLB Ltd: The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A stating it beneficially owns 0 shares (0%) of SLB common stock as reported on 03/27/2026.
The filing explains that following an internal realignment on 01/12/2026, certain Vanguard subsidiaries will report holdings separately under SEC Release No. 34-39538, and The Vanguard Group, Inc. no longer is deemed to beneficially own those subsidiaries' securities.
SLB LIMITED/NV director Patrick de La Chevardiere reported selling common stock in two open-market transactions. He sold 2,000 shares on March 25, 2026 at $52.10 per share and 2,000 shares on March 26, 2026 at $51.95 per share. After these sales, he directly owns 15,525 shares of SLB common stock.
SLB LIMITED/NV Chief Executive Officer Olivier Le Peuch sold shares in a planned transaction. He executed an open-market sale of 25,000 shares of common stock at a price of $50.56 per share. After this sale, he directly owns 1,416,328 shares of SLB common stock.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan that he adopted on March 25, 2025, which means the trade was scheduled in advance rather than timed in response to short-term market developments. Relative to his remaining stake, the transaction represents a small portion of his overall holdings.
SLB Form 144: An officer reported sales of restricted common stock under Rule 144. The filing lists an intended sale of 25,000 shares and discloses two recent dispositions by Olivier Le Peuch: 25,000 shares on 01/28/2026 for $1,260,000 and 25,000 shares on 02/25/2026 for $1,300,000.
SLB LIMITED/NV Chief Legal Officer & Secretary Dianne B. Ralston received an award of 3,203 shares of common stock on March 13, 2026, with no purchase price listed. On the same date, 1,261 shares were withheld at $44.22 per share to cover tax obligations.
After these compensation-related transactions, she directly holds 226,039 shares of SLB common stock. The awarded shares relate to performance share units granted on January 18, 2023, whose vesting was tied to three-year company performance versus key competitors. The shares reported here represent the final amount earned under those PSUs after all competitors’ 2025 audited results were available.
SLB LIMITED/NV Chief Technology Officer Demosthenis Pafitis reported stock-based compensation tied to earlier performance share units. On March 13, 2026, he acquired 2,502 shares of common stock at $0.00 per share as a grant, then had 1,189 shares withheld at $44.22 per share to cover tax obligations.
These shares were finally determined to have been earned under performance share units granted on January 18, 2023, based on three-year company performance versus key competitors. After these transactions, he holds 106,903 shares directly, plus 710 shares indirectly held by his spouse.