v3.26.1
Charges and Credits (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Summary of Charges and Credits

SLB recorded charges of $41 million and $69 million during the first and second quarters of 2026, respectively, primarily in connection with the July 2025 acquisition of ChampionX Corporation ("ChampionX") (see Note 4 - Acquisition). These costs are classified in Merger & integration in the Consolidated Statement of Income.

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

 

 

Pretax Charge

 

 

Tax Benefit

 

 

Interests

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Merger and integration

$

41

 

 

$

8

 

 

$

2

 

 

$

31

 

Second quarter:

 

 

 

 

 

 

 

 

 

 

 

Merger and integration

 

69

 

 

 

19

 

 

 

3

 

 

 

47

 

$

110

 

 

$

27

 

 

$

5

 

$

78

 

During the second quarter of 2025, SLB completed the sale of its interest in the Palliser Asset Performance Solutions ("APS") project in Canada in exchange for net cash proceeds of $338 million, of which $22 million were received in the third quarter of 2025. SLB recorded a gain of $149 million as a result of this transaction. This gain is classified in Interest & other income in the Consolidated Statement of Income.

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

 

 

Pretax Charge

 

 

Tax Benefit

 

 

Interests

 

 

Net

 

First quarter:

 

 

 

 

 

 

 

 

 

 

 

Workforce reductions

$

158

 

 

$

10

 

 

$

-

 

 

$

148

 

Merger and integration

 

49

 

 

 

1

 

 

 

4

 

 

 

44

 

Second quarter:

 

 

 

 

 

 

 

 

 

 

-

 

Impairment of equity method investment

 

69

 

 

 

12

 

 

 

-

 

 

 

57

 

Workforce reductions

 

66

 

 

 

3

 

 

 

-

 

 

 

63

 

Merger and integration

 

35

 

 

 

4

 

 

 

4

 

 

 

27

 

Gain on sale of Palliser APS project

 

(149

)

 

 

(4

)

 

 

-

 

 

 

(145

)

$

228

 

 

$

26

 

 

$

8

 

 

$

194