Business Segments · Operating Expenses
Well Construction — Operating Expenses
Schlumberger Well Construction — Operating Expenses decreased by 1.1% to $2.37B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.6%, from $2.39B to $2.37B. Over 3 years (FY 2022 to FY 2025), Well Construction — Operating Expenses shows relatively stable performance with a 1.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toTotal Operating Expenses
How to read this metric
Lower operating expenses relative to revenue indicate higher operational efficiency and better profit margins.
Detailed definition
This metric aggregates all operating costs incurred by the Well Construction segment, including labor, materials, overhe...
Peer comparison
Comparable to total segment operating expenses across the oilfield services industry.
Metric ID:
slb_segment_well_construction_operating_expensesHistorical Data
17 periods
| 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 | $2.30B | $2.30B | $2.30B | $2.30B | $2.64B | $2.64B | $2.64B | $2.64B | $2.68B | $2.67B | $2.60B | $2.59B | $2.39B | $2.41B | $2.41B | $2.40B | $2.37B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +14.7% | +0.0% | +0.0% | +0.0% | +1.6% | -0.3% | -2.7% | -0.5% | -7.7% | +1.0% | -0.1% | -0.4% | -1.1% |
| YoY Change | — | — | — | — | +14.7% | +14.7% | +14.7% | +14.7% | +1.6% | +1.2% | -1.5% | -1.9% | -10.8% | -9.6% | -7.3% | -7.2% | -0.6% |
Range$2.30B – $2.68B
CAGR+0.8%
Avg YoY Growth+1.7%
Median YoY Growth-0.6%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is Schlumberger 's well construction — operating expenses?
- Schlumberger (SLB) reported well construction — operating expenses of $2.37B in Q1 2026.
- How has Schlumberger 's well construction — operating expenses changed year-over-year?
- Schlumberger 's well construction — operating expenses decreased by 0.6% year-over-year, from $2.39B to $2.37B.
- What is the long-term trend for Schlumberger 's well construction — operating expenses?
- Over 3 years (2022 to 2025), Schlumberger 's well construction — operating expenses has grown at a 1.5% compound annual growth rate (CAGR), from $9.20B to $9.61B.
- What does well construction — operating expenses mean?
- The total operating costs required to run the Well Construction business segment.