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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We continue to work well with SLB through this transition, and we look forward to updating you once the transaction is complete.”
Rockwell is dissolving the Sensia joint venture with SLB, returning the process automation business to full Rockwell control by April 1.
“Regarding our Sensia joint venture with SLB, following a strategic review, both parent companies have decided to pursue an orderly dissolution.”
Rockwell and SLB agreed to dissolve their Sensia oil-and-gas JV; each parent reabsorbs the businesses it contributed, with SLB remaining a partner.
“the reason why we have partnered with Ormat and the potential we've seen in this partnership”
SLB partnered with geothermal power-plant leader Ormat to pair SLB's subsurface expertise with Ormat's plant capabilities on conventional and enhanced geothermal pilots targeting data-center base power.
“forming a partnership with ADNOC to launch an AI-powered production system optimization platform”
SLB partnered with ADNOC to launch an AI-powered production optimization platform, showcasing ADNOC as an early adopter of SLB's autonomous production digital technology.
“primarily driven by synergies from the ChampionX acquisition”
SLB's ChampionX acquisition (full year of consolidation in 2026, ~$1.8B incremental revenue) expands its production/OpEx portfolio and drives production-systems margin via ~$400M of targeted synergies.
“We also announced a collaboration with AIQ to deploy its Energi, AgenTeq AI solution for ADNOC, powered by Slb N.V. Lumi data and AI platform.”
SLB is deploying its Lumi data and AI platform for ADNOC via a collaboration with AIQ, marking a digital services win with the national oil company as end customer.
“We are not only working for Pemex in Mexico. We are working with independents, local independents that have been fairly active and we have a very exciting project for outside, deport on Mexico.”
SLB's customer relationship with Mexico's state oil company Pemex continues amid Pemex's ongoing financial restructuring, alongside growing work for independent operators in Mexico.
“For that matter, when excluding the Drilling Technology business that was disposed of concurrently with the closing of the Schlumberger Limited transaction, ChampionX finished the second quarter of 2025 with revenue of approximately $850 million and adjusted EBITDA of approximately $190 million, delivering visible margin expansion both sequentially and year over year.”
ChampionX's standalone Q2 2025 results (excluding its divested Drilling Technology business) showed roughly $850 million of revenue and $190 million of adjusted EBITDA with ongoing margin expansion, ahead of full consolidation into SLB.
“Before we begin, I would like to officially welcome the ChampionX team to Schlumberger Limited. Earlier this week, we shared the news that our transaction is now complete. This is the start of an exciting new chapter for our company.”
SLB completed its acquisition of ChampionX during the quarter, adding production chemicals and artificial lift capabilities to its portfolio.
“Finally, in conjunction with our proposed acquisition, Schlumberger Limited and ChampionX have filed materials with the SEC, including a registration statement for the proxy statement and prospectuses.”
SLB's pending acquisition of ChampionX is progressing through regulatory review; the UK Competition and Markets Authority accepted proposed remedies in its Phase One review, and management expects the deal to close by the end of Q2 or early Q3 2025.
“This was also a very exciting year for Digital, as demand for our products and services continue to accelerate and we formed strategic partnerships with industry leaders including NVIDIA, Amazon Web Services, and Palo Alto Networks.”
SLB names Palo Alto Networks as one of three strategic technology partners supporting its Digital business's accelerating demand and growth in 2024.
“This was also a very exciting year for Digital, as demand for our products and services continue to accelerate and we formed strategic partnerships with industry leaders including NVIDIA, Amazon Web Services, and Palo Alto Networks.”
SLB names Amazon Web Services as one of three strategic technology partners supporting its Digital business's accelerating demand and growth in 2024.
“This was also a very exciting year for Digital, as demand for our products and services continue to accelerate and we formed strategic partnerships with industry leaders including NVIDIA, Amazon Web Services, and Palo Alto Networks.”
SLB names NVIDIA as one of three strategic technology partners supporting its Digital business's accelerating demand and growth in 2024.
“As it relates to ChampionX, the transaction received CFIUS clearance in December, and the engagement with other regulatory authorities is progressing well. We continue to work towards closing the transaction before the end of the first quarter.”
SLB's pending acquisition of ChampionX cleared CFIUS review and is progressing through remaining regulatory approvals, with closing targeted before the end of Q1 2025.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Arun Jayaram | JPMorgan | 12 (8%) |
| David Anderson | Barclays | 12 (0%) |
| Scott Gruber | Citigroup | 11 (18%) |
| Neil Mehta | Goldman Sachs | 10 (0%) |
| Jim West | Melius Research | 6 (0%) |
| Roger Read | Wells Fargo | 5 (20%) |
| Steve Gengaro | Stifel | 4 (0%) |
| Steve Richardson | Evercore ISI | 4 (0%) |
| Marc Bianchi | TD Cowen | 4 (0%) |
| Josh Silverstein | UBS | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 | 12 (0%) |
| JPMorgan | 1 | 12 (8%) |
| Citigroup | 1 | 11 (18%) |
| Goldman Sachs | 1 |
| 10 (0%) |
| Melius Research | 1 | 6 (0%) |
| Wells Fargo | 1 | 5 (20%) |
| Stifel | 1 | 4 (0%) |
| TD Cowen | 1 | 4 (0%) |
Revenue grew 9% sequentially to $9.7 billion with strong Q4 execution as SLB introduced FY2026 guidance targeting $36.9-$37.7 billion in revenue and $8.6-$9.1 billion in EBITDA with over $4 billion in shareholder returns. Digital ARR surpassed $1 billion with 15% year-over-year growth while data center solutions targeted a $1 billion annual run rate by year-end. A carbon capture project loss impacted margins by 50 basis points, and Saudi Arabia activity was rebounding with a V-shaped recovery expected, though pricing pressure remained sustained across international markets.
Revenue Growth | Demand | Cloud & AI | Geographic Expansion | Capex Investment | Margin | Macroeconomic | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 4 | 3 | 3 | 2 | 1 | 1 | |
| 2025Q1 | 3 | 5 | 1 | 3 | 1 | 3 | 1 | 2 |
| 2025Q2 | 3 | 4 | 2 | 2 | 1 | 3 | 2 | |
| 2025Q3 | 3 | 3 | 4 | 2 | 1 | 1 | 1 | 2 |
| 2025Q4 | 4 | 5 | 1 | 4 | 4 | 1 | 3 | |
| 2026Q1 | 1 | 6 | 2 | 6 | 2 | 4 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 3 | 3 | 3 | 4 | 1 |
| Demand | 4 | 5 | 4 | 3 | 5 | |
| Cloud & AI | 3 | 1 | 2 | 4 | 1 | 6 |
| Geographic Expansion | 3 | 3 | 2 | 2 | 4 | 2 |
| Capex Investment | 1 | 1 | 1 | 4 | 6 | |
| Margin | 2 | 3 | 3 | 1 | 2 | |
| Macroeconomic | 1 | 1 | 2 | 1 | 1 | 4 |
| Competitive Dynamics | 1 | 2 | 2 | 3 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SLB Schlumberger | 2 | +2.7% | |
| BKR Baker Hughes | 6 | +2.5% | |
| HAL Halliburton | 4 | -0.3% |