SLB Earnings Meet Forecast, Shares Down 2.7%

SLB posted adjusted EPS of $0.52, matching consensus, and revenue of $8.72 bn, slightly above the $8.66 bn estimate.
Revenue growth was driven by the $838 m ChampionX acquisition; excluding it, revenue fell 7% YoY due to Middle East disruptions.
Adjusted EBITDA dropped 12% YoY to $1.77 bn, with margins shrinking 346 bps to 20.3% amid pricing pressure.
Board approved a $0.295 quarterly dividend and repurchased 9.2 m shares for $451 m, targeting >$4 bn returns in 2026.