What is Schlumberger 's product — cost of goods sold?

Schlumberger (SLB) reported product — cost of goods sold of $3.34B in Q1 2026.

How has Schlumberger 's product — cost of goods sold changed year-over-year?

Schlumberger 's product — cost of goods sold increased by 27.1% year-over-year, from $2.63B to $3.34B.

What is the long-term trend for Schlumberger 's product — cost of goods sold?

Over 4 years (2021 to 2025), Schlumberger 's product — cost of goods sold has grown at a 19.3% compound annual growth rate (CAGR), from $6.14B to $12.44B.

What does product — cost of goods sold mean?

The direct costs incurred to manufacture and deliver the products sold to customers.

Products & Services · Cost of Goods Sold

Product — Cost of Goods Sold

Schlumberger Product — Cost of Goods Sold decreased by 12.2% to $3.34B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 27.1%, from $2.63B to $3.34B. Over 4 years (FY 2021 to FY 2025), Product — Cost of Goods Sold shows an upward trend with a 19.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ1 2016

Last reportedQ1 2026

Rolls up toTotal Cost of Revenue

How to read this metric

An increase relative to revenue suggests margin compression due to rising input costs or operational inefficiencies, while a decrease may signal improved cost management or economies of scale.

Detailed definition

This metric captures the direct costs associated with manufacturing, sourcing, and delivering the physical products sold...

Peer comparison

Comparable to 'Cost of Goods Sold' (COGS) or 'Direct Product Costs' reported by industrial and energy technology competitors.

Metric ID: slb_segment_product_cost_of_goods_and_services_sold

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$1.55B	$1.53B	$1.60B	$1.63B	$1.85B	$2.07B	$2.16B	$2.16B	$2.21B	$2.23B	$11.00M	$14.00M	$2.74B	$2.77B	$5.46B	$2.63B	$2.71B	$3.30B	$3.81B	$3.34B
QoQ Change	—	-1.1%	+4.5%	+1.9%	+13.7%	+11.9%	+4.3%	+0.0%	+2.7%	+0.8%	-99.5%	+27.3%	>999%	+1.2%	+96.9%	-51.8%	+3.0%	+21.7%	+15.5%	-12.2%
YoY Change	—	—	—	—	+19.6%	+35.3%	+35.1%	+32.6%	+19.8%	+8.0%	-99.5%	-99.4%	+23.7%	+24.2%	>999%	>999%	-1.2%	+18.9%	-30.2%	+27.1%

Range$11.00M – $5.46B

CAGR+17.6%

Avg YoY Growth>999%

Median YoY Growth+21.8%

Similar Metrics at Other Companies

Lockheed MartinLMT View metric

BoeingBA View metric

Honeywell InternationalHON View metric

Lockheed MartinLMT View metric

Trane TechnologiesTT View metric

General DynamicsGD View metric

Frequently Asked Questions

What is Schlumberger 's product — cost of goods sold?: Schlumberger (SLB) reported product — cost of goods sold of $3.34B in Q1 2026.
How has Schlumberger 's product — cost of goods sold changed year-over-year?: Schlumberger 's product — cost of goods sold increased by 27.1% year-over-year, from $2.63B to $3.34B.
What is the long-term trend for Schlumberger 's product — cost of goods sold?: Over 4 years (2021 to 2025), Schlumberger 's product — cost of goods sold has grown at a 19.3% compound annual growth rate (CAGR), from $6.14B to $12.44B.
What does product — cost of goods sold mean?: The direct costs incurred to manufacture and deliver the products sold to customers.