Overview

* SLB Q3 revenue of $8.93 bln is in-line with analyst expectations

* Adjusted EPS of $0.69 beats consensus, reflecting operational strength

* Company completed acquisition of ChampionX, contributing $579 mln to Q3 revenue

Outlook

* SLB expects Q4 revenue growth driven by international markets and ChampionX integration

* Company anticipates international markets to lead future activity rebound

Result Drivers

* CHAMPIONX ACQUISITION - SLB's acquisition of ChampionX added $579 mln to Q3 revenue, significantly impacting Production Systems and Digital divisions

* DIGITAL GROWTH - Digital division saw revenue growth driven by Digital Operations and Exploration, aided by ChampionX and organic growth

* INTERNATIONAL RESILIENCE - SLB notes resilience in international markets, particularly in the Middle East and Asia, despite geopolitical challenges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Meet $8.93 $8.93

Revenue bln bln (21

Analysts

)

Q3 Beat $0.69 $0.65

Adjusted (23

EPS Analysts

)

Q3 EPS $0.50

Q3 Net $739 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Slb NV ( SLB ) is $43.00, about 23.4% above its October 16 closing price of $32.92

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)