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Schlumberger SLB Production Systems — Allocation Expense

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Other financials

Income statement

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Revenue$9.0B+5.0%
Operating income$1.6B+18.5%
Net income$786.0M-22.5%
EPS (diluted)$0.52-29.7%

Balance sheet

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Cash & equivalents$2.7B-15.2%
Total debt$11.1B+2.3%
Total equity$26.1B+28.4%
Total assets$55.5B+13.9%

Cash flow

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Operating cash flow$1.4B+19.0%
CapEx$459.0M+23.7%
Free cash flow$900.0M+16.7%

Valuation

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Market cap$73.6B+50.1%
Enterprise value$82B+44.6%
P/E23.7×+11.7×
P/S+0.6×

Profitability

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Gross margin22.6%
Operating margin19.4%+2.6pp
Net margin8.5%-3.0pp
FCF margin13.2%-0.3pp

Returns & leverage

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Return on equity13.4%-6.4pp
Debt / equity0.4×-0.1×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Schlumberger in its filing.

Tagged under the XBRL concept slb:AllocationExpense.

The source filing: Schlumberger ’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 11:22 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322595
Line itemDigitalReservoir / PerformanceWell / ConstructionProduction / Systems
Compensation$193$390$579$481
Cost of products, materials, and supplies-2447512,154
Depreciation and amortization48118161152
Allocations92161232137
Other170411602261
$503$1,324$2,325$3,185
(Stated in millions)
Second Quarter 2025

Item 1. Financial Statements.

FAQ

What is Schlumberger 's production systems — allocation expense?
Schlumberger (SLB) reported production systems — allocation expense of $137M in Q2 2026.
How has Schlumberger 's production systems — allocation expense changed year-over-year?
Schlumberger 's production systems — allocation expense decreased by 1.4% year-over-year, from $139M to $137M.
What is the long-term trend for Schlumberger 's production systems — allocation expense?
Over 3 years (2022 to 2025), Schlumberger 's production systems — allocation expense has grown at a 4.2% compound annual growth rate (CAGR), from $470M to $532M.
What does production systems — allocation expense mean?
This represents the overhead costs and corporate expenses allocated to the Production Systems segment from the parent company. It accounts for shared services such as administration, IT, and legal support that are distributed across business units. This metric is crucial for determining the fully-loaded cost structure of the segment.

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