What is Schlumberger 's R&D?

Schlumberger (SLB) reported R&D of $164M in Q1 2026.

How has Schlumberger 's R&D changed year-over-year?

Schlumberger 's R&D decreased by 4.7% year-over-year, from $172M to $164M.

What is the long-term trend for Schlumberger 's R&D?

Over 4 years (2021 to 2025), Schlumberger 's R&D has grown at a 6.4% compound annual growth rate (CAGR), from $554M to $709M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Schlumberger SLB R&D

R&D at other companies

Flotek IndustriesFTK

$396K+11.5%

Nabors IndustriesNBR

$13.51M-3.8%

Weatherford InternationalWFRD

$21M-27.6%

TechnipFMCFTI

$17.8M-6.8%

Baker HughesBKR

$133M-8.9%

Other financials

Income statement

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Revenue$8.7B+2.7%

Operating income$1.6B+18.5%

Net income$752.0M-5.6%

EPS (diluted)$0.50-13.8%

Balance sheet

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Cash & equivalents$2.8B-4.0%

Total debt$9.7B-8.1%

Total equity$26.2B+34.1%

Total assets$54.5B+11.3%

Cash flow

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Operating cash flow$487.0M-26.2%

CapEx$343.0M-13.8%

Free cash flow$144.0M-45.0%

Valuation

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Market cap$69.51B+55.1%

Enterprise value$76.36B+45.5%

P/E20.9×+9.9×

P/S1.9×+0.7×

Profitability

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Gross margin22.6%—

Operating margin19.4%+2.6pp

Net margin9.3%-2.4pp

FCF margin13%-0.9pp

Returns & leverage

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Return on equity14.6%-6.2pp

Debt / equity0.4×-0.2×

Current ratio1.3×+0.1×

Where this comes from

Reported directly by Schlumberger in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Schlumberger ’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Schlumberger 's R&D?: Schlumberger (SLB) reported R&D of $164M in Q1 2026.
How has Schlumberger 's R&D changed year-over-year?: Schlumberger 's R&D decreased by 4.7% year-over-year, from $172M to $164M.
What is the long-term trend for Schlumberger 's R&D?: Over 4 years (2021 to 2025), Schlumberger 's R&D has grown at a 6.4% compound annual growth rate (CAGR), from $554M to $709M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.