SLB Publishes Q3 2026 Earnings Call Transcript

• SLB's Q3 2026 earnings call on October 23 featured CEO Olivier Le Peuch and CFO Stephane Biguet.
• Quarterly revenue rose 5% sequentially to $9.45 billion, supported by a Middle East recovery and international deepwater activity.
• Management forecast fourth-quarter revenue of approximately $10 billion, up 5%–7% sequentially, assuming Middle East revenue remains flat.
• Adjusted EBITDA margins are expected to expand 100–150 basis points sequentially, supported by year-end Digital and product sales.
• For 2027, management expects mid-single-digit global oilfield services market growth; Core divisions should outperform, with Middle East normalization offering additional upside.

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