SLB · Schlumberger Q2 FY2026 earnings call record财报电话会记录

“While uncertainty persists, we continue to work closely with our customers to gradually restore activity.”

“However, the impact was largely offset by stronger activity in North America and across other international markets.”

“We expect a more meaningful impact in 2027, with growth extending to Latin America, the Mediterranean, and Asia.”

“Based on this trajectory, we expect global sequential revenue growth between 3% and 4%, with adjusted EBITDA margin expansion of approximately 75 basis points.”

“Based on this assumption, supported by deepwater momentum and a typical year-end Digital end product sales, we'd expect fourth quarter revenue to surpass $10 billion, representing approximately 5% growth year-over-year.”

“Reservoir Performance revenue of $1.6 billion declined 2% sequentially, while pre-tax operating margin of 14.9% decreased 121 basis points.”

“Pre-tax operating margin of 15.2% was essentially flat sequentially, as lower profitability in the Middle East was offset by improved profitability in North America and Latin America.”

“Lastly, we are still targeting to return more than $4 billion to our shareholders in 2026 through a combination of dividends and stock buybacks.”

“You mentioned ChampionX as well, as Olivier indicated, we are quite happy to see quarter after quarter ChampionX margins continuing to increase despite some inflationary pressure we have on chemicals that mostly come from the Middle East conflict, by the way.”

“We are accompanying them into preparing and planning and mobilizing resource as we speak, with significant scaleup that will happen during the next few months to give us a significant exit rate that will enter at present 2027 with multiple customers and multiple contracts that will shape 2027 in a significant growth curve compared to where we were in 2025 and where we are in 2026.”

“We will continue to build, we'll continue to explore, we'll continue to work with different customers we have secured in the last six to nine months to explore how we can develop this further, how we can add value and not only scaling manufacturing on, but also scaling to the product and the technology offering that can help optimize the performance of those data centers and expand beyond the inner side of the data center to start to touch the cooling loop, full optimization, as well as touch into the decarbonized power provision for some of the centers.”

“Our leadership in international and deepwater, combined with our expanded capabilities in production recovery, aligns SLB with where our customers have direct investments.”