Financial Performance Overview

Schlumberger NV has reported a 6% decline in revenue for the second quarter of fiscal 2025, totaling $8.5 billion compared to the previous year. This downturn was notably influenced by significant losses in the Well Construction division, alongside decreases in Reservoir Performance and Digital & Integration sectors.

Net Income and Operational Highlights

The company's net income saw a 9% reduction, amounting to $1 billion, or $0.74 per diluted share, for the quarter ending June 30. Operational achievements included an adjusted EBITDA of $2.05 billion and operational cash flow of $1.14 billion.

Market Dynamics and Executive Insight

"The industry is currently facing a complex landscape, including oversupplied oil markets, OPEC+ supply adjustments, ongoing trade discussions, and geopolitical tensions," remarked SLB CEO Olivier Le Peuch. Despite these challenges, he highlighted the resilience of the upstream market as a testament to the sector's enduring strength.