Schlumberger CEO Warns Macro Uncertainty May Hit Demand, Commits To Protect Margins And Cash Flow
Schlumberger N.V. (NYSE:SLB) shares are trading lower on Friday after the company reported worse-than-expected first-quarter 2025 results. Revenue declined 3% year over year to $8.49 billion, missing estimates of $8.59 billion. Adjusted EPS slid 4% to 72 cents, missing the consensus of 74 cents. North America revenue rose 8% YoY to $1.72B, driven by digital, subsea, and data center sales, but fell 2% sequentially on lower drilling activity. International revenue declined 5% year-over-year to $6.