Slb NV ($SLB) Q1 2025 Earnings Call
SLB - Earnings call Q1 2025.
Chief Executive Officer & Director, Schlumberger
Search every verified Olivier Peuch interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Olivier Le Peuch, CEO of SLB, stated during the company's Q1 2025 earnings call that the industry is navigating global economic uncertainty stemming from supply-demand imbalances and tariff announcements. He noted that revenue from carbon capture and storage (CCS), geothermal, critical minerals, and data center solutions was on pace to exceed $1 billion in 2025. Le Peuch also reiterated the company's commitment to returning at least $4 billion to shareholders in 2025. Throughout 2025, Le Peuch discussed the company's strategic focus on production recovery, including the acquisition of ChampionX, which he said positions SLB to address both OPEX and CAPEX markets. He described the digital business as the fastest-growing part of SLB and stated that digital revenue was expected to continue growing at a rate that outperforms global upstream spending. On the Q4 2025 earnings call, Le Peuch projected 2026 revenue between $36.9 billion and $37.7 billion, assuming oil prices remain in the high $50s to low $60s range, and said the company would return more than $4 billion to shareholders in 2026. He also noted that SLB is the only international service company actively operating in Venezuela.
“Combined, revenue from CCS, geothermal, critical minerals, and data center solutions is on pace to visibly exceed $1 billion in 2025.”
“As a result, we remain committed to return at least $4 billion in returns to shareholder in 2025.”
“We are taking proactive steps to mitigate the potential impacts. This includes reviewing how to further optimize our supply chain and manufacturing network, as well as diligently pursuing all applicable exemptions and drawbacks. We are also actively engaging with customers to recover tariff induced cost increases throu...”
“I think this remains our ambition. We believe that, uh, I think, uh, this secular trend of, uh, of digital, uh, adoption in the industry is actually accelerating. ... we are still seeing, uh, uh, mid to high teens, uh, clearly, uh, growth into our digital, uh, business, uh, driven by this secular trend that we are full...”
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