Schlumberger Limited
SLB CEO Discusses Q2 2025 Operational Update
Summary
On June 24, 2025, SLB's CEO Olivier Le Peuch discussed the company's second-quarter 2025 operational update during a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference in New York. He mentioned that while second-quarter revenue is expected to be flattish sequentially, the unfavorable geographical activity mix is impacting margins, with company-wide EBITDA also expected to be flat sequentially. Despite this, SLB remains committed to returning a minimum of $4 billion to shareholders in 2025. The discussion included slides summarizing the operational update, which are furnished as Exhibit 99.
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About Schlumberger Limited
Schlumberger Limited is a leading provider of technology and services to the global oil and gas industry. The company's primary function is to supply oilfield services and technology solutions that enhance reservoir performance and improve drilling operations. Schlumberger's offerings span the entire life cycle of energy projects, including drilling, formation evaluation, well completion, and production optimization. It significantly impacts sectors such as exploration and production, providing data and analytics that increase the efficiency and effectiveness of energy extraction. Known for its commitment to innovation, Schlumberger operates in over 120 countries, enabling it to deliver tailored solutions on a global scale. Its role in the financial market is prominent, as it is often considered a bellwether for the energy industry's overall health, influencing both upstream and integrated energy operations. Through its sustainable practices and technological advancements, Schlumberger continues to drive progress within the energy sector.
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