Schlumberger Posts Q2 Revenue of $9 Billion, Offset Middle East Decline With International Growth

Schlumberger reported second-quarter revenue of $9 billion, up 3% sequentially, with adjusted earnings per share of $0.55. International deepwater operations across Latin America, Europe/Africa, and Asia expanded, offsetting a 13% sequential decline in Middle East revenue to $1.66 billion due to geopolitical disruptions.

Production Systems revenue grew 7% to $3.8 billion with EBITDA margins surpassing 20%, while the Digital business increased 9% to $697 million with a 35% EBITDA margin and 15% year-over-year ARR growth.