SLB revenue rises 6% as ChampionX and data-center work reshape its business mix

SLB generated $9.45 billion in third-quarter revenue, a 6% increase from a year earlier and a 5% increase from the second quarter. The energy-technology company reported $735 million in net income attributable to SLB, down 1% year over year, with diluted earnings of 49 cents a share.

Adjusted EBITDA was nearly unchanged from a year earlier at $2.07 billion but increased 9% sequentially. Cash generated from operations totaled $1.51 billion, and the company reported $828 million in free cash flow, a non-GAAP measure that subtracts capital spending and other specified investments from operating cash flow.

The acquired ChampionX operations contributed $956 million in revenue, $239 million in adjusted EBITDA and $190 million in pretax segment operating income during the quarter, according to SLB's release. Separately, Data Center Solutions revenue reached $230 million, an increase of 76% from the prior-year quarter and 23% from the second quarter.

SLB's results show a company still anchored in oil-field technology while expanding into adjacent infrastructure. Its pending Kelvion acquisition, valued at about $3.4 billion in cash plus assumed debt, remains subject to regulatory approval and other closing conditions. The transaction is expected to close in the first half of 2027, so the anticipated benefits are not yet completed results.

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