SLB Limited/NV announced its financial results for the third quarter of 2026, reporting total revenue of $9.45 billion. This figure represents a 5% increase compared to the previous quarter and a 6% increase compared to the same period in the prior year.
GAAP net income attributable to SLB for the quarter was $735 million, which is a 6% decrease from the second quarter of 2026 and a 1% decrease from the third quarter of 2025. Diluted earnings per share (GAAP) were $0.49. However, when excluding charges and credits, diluted EPS increased 16% sequentially to $0.64, though it was down 7% year over year.
Adjusted EBITDA for the third quarter was $2.07 billion, a 9% increase from the prior quarter and essentially flat year over year. The company reported cash flow from operations of $1.51 billion and free cash flow of $828 million.
Revenue growth was driven by a gradual recovery in the Middle East, growth in North America, and broadening international activity in deepwater offshore basins. The company noted that the acquisition of ChampionX, completed in the third quarter of 2025, contributed $956 million of revenue in the most recent quarter.
In other business developments, SLB’s Board of Directors approved a quarterly cash dividend of $0.295 per share. This dividend is payable on January 7, 2027, to stockholders of record on December 2, 2026.
The company also disclosed share repurchase activity during the quarter. SLB repurchased 12.9 million shares of its common stock for a total purchase price of $656 million. For the first nine months of 2026, the company repurchased a total of 34.0 million shares at a cost of $1.76 billion.
Additionally, SLB announced an agreement to acquire Kelvion for approximately $3.4 billion in cash, assuming approximately $0.7 billion of debt. The transaction is expected to close in the first half of 2027. The company also completed the acquisition of S&P Global Energy’s geoscience and petroleum engineering software business portfolio in September 2026.
