SLB Shares Jump Nearly 7% as Q3 Production Systems Revenue Climbs 15% Year-Over-Year

Stock News10-23 23:20

On Friday, SLB Ltd (NYSE: SLB) shares surged nearly 7% to trade at $52.94.

According to its financial report, SLB's total third-quarter revenue came in at approximately $9.449 billion, up 5% quarter-over-quarter and 6% year-over-year. Adjusted earnings per share (Adjusted EPS) reached $0.64, beating the market consensus of $0.62, while revenue also surpassed the consensus estimate of roughly $9.27 billion.

The company posted net income attributable to shareholders of $735 million for the third quarter. Adjusted EBITDA came in at $2.067 billion, representing a margin of 21.9%, an increase of 71 basis points quarter-over-quarter.

Production Systems was SLB's primary growth driver in the third quarter, with segment revenue of approximately $4 billion, up 15% year-over-year. Well Construction and Reservoir Performance generated revenue of $2.888 billion and $1.634 billion, respectively, each up 5% quarter-over-quarter but down 3% year-over-year.

Middle East operations grew 13% quarter-over-quarter, though still declined 12% year-over-year.

For more major Hong Kong stock news, download the Zhitong Finance app. For more Hong Kong and overseas wealth management news, please visit www.zhitongcaijing.com (search "Zhitong Finance"). To join the Zhitong Hong Kong stock investment group, please add the Zhitong customer service WeChat (ztcjkf).

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To join the Zhitong Hong Kong stock investment group, please add the Zhitong customer service WeChat (ztcjkf).</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SLB Shares Jump Nearly 7% as Q3 Production Systems Revenue Climbs 15% Year-Over-Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSLB Shares Jump Nearly 7% as Q3 Production Systems Revenue Climbs 15% Year-Over-Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-10-23 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>On Friday, <b>SLB Ltd</b> (<b>NYSE: SLB</b>) shares surged nearly 7% to trade at $52.94.<br><br>According to its financial report, SLB's total third-quarter revenue came in at approximately $9.449 billion, up 5% quarter-over-quarter and 6% year-over-year. Adjusted earnings per share (Adjusted EPS) reached $0.64, beating the market consensus of $0.62, while revenue also surpassed the consensus estimate of roughly $9.27 billion.<br><br>The company posted net income attributable to shareholders of $735 million for the third quarter. Adjusted EBITDA came in at $2.067 billion, representing a margin of 21.9%, an increase of 71 basis points quarter-over-quarter.<br><br>Production Systems was SLB's primary growth driver in the third quarter, with segment revenue of approximately $4 billion, up 15% year-over-year. 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