SLB

SLB posted a modest but clean beat in the third quarter of 2025, reporting adjusted EPS of $0.69 against a consensus of $0.6655 — a 3.68% beat — while revenue of $8.93 billion edged past the $8.92 billion estimate, even as total sales slipped 2.5% from a year earlier. The headline numbers were meaningfully shaped by the mid-July acquisition of ChampionX, which contributed $579 million in revenue and $139 million in adjusted EBITDA from just two months of consolidated activity; strip that out and organic revenue fell 9% year on year, a stark measure of how a fully supplied oil market and subdued commodity prices are squeezing the core oilfield services business. Saudi Arabia and Mexico were notable soft spots, while deepwater campaigns — including a major new contract in Brazil's Santos Basin — and a Digital division with $926 million in annual recurring revenue provided offsetting momentum. Analysts at Citi and Barclays both raised price targets following the print, encouraged by <a href="https://247wallst.com/investing/2026/01/22/venezuela-opportunity-emerges-as-oil-services-stocks-rally-through-january/">international market recovery prospects</a>. Looking ahead, SLB expects fourth-quarter revenue growth driven by a full ChampionX quarter and continued Digital expansion.