SLB, the global technology leader in oilfield services and energy transition, announced a 4% increase in revenues in the third quarter (Q3) of 2025, reaching $8.93 billion (Bn) compared to quarter 2 (Q2) 2025. However, revenues declined by 3% year on year (YoY).
The company reported pro forma revenue from the Middle East and Asia at $3.03 Bn, down 1% from the prior quarter. Strong operations in Iraq, Oman, the UAE, Egypt, India, East Asia, Indonesia, China, and Australia offset declines in Saudi Arabia.
Nevertheless, pro forma fell 11% YoY, compared to the same quarter last year, due to activity drops in Saudi Arabia, Australia, and East Asia, despite increases in the UAE, Iraq, Kuwait, Oman, and China.
Pro forma revenue is the adjusted revenue figure that shows what a company’s revenue would be under certain assumptions—such as after a merger, excluding one-time events, or projecting future performance.
Furthermore, net income attributable to SLB was $739 million (Mn), down 27% sequentially and 22% compared to Q3 2024.
For context, SLB posted revenues of $8.55 Bn in Q2 2025, a 1% increase over quarter 1 (Q1) 2025, but down 6% YoY from $8.49 Bn.
SLB operates in over 100 countries, providing advanced oilfield services, digital technologies, and solutions for the energy transition. The company maintains a strong focus on innovation and invests in cleaner energy technologies to support a lower-carbon future.
