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

Schlumberger (SLB) reported service — cost of goods sold of $4.05B in Q1 2026.

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

Schlumberger 's service — cost of goods sold decreased by 4.9% year-over-year, from $4.26B to $4.05B.

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

Over 4 years (2021 to 2025), Schlumberger 's service — cost of goods sold has grown at a 6.3% compound annual growth rate (CAGR), from $13.13B to $16.76B.

What does service — cost of goods sold mean?

The direct costs incurred to deliver services to customers, such as labor and equipment expenses.

Products & Services · Cost of Goods Sold

Service — Cost of Goods Sold

Schlumberger Service — Cost of Goods Sold decreased by 3.7% to $4.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.9%, from $4.26B to $4.05B. Over 4 years (FY 2021 to FY 2025), Service — Cost of Goods Sold shows an upward trend with a 6.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

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 and operational inefficiencies, while a decrease relative to revenue suggests improved cost management or operational leverage.

Detailed definition

This metric captures the direct costs associated with delivering services, including labor, materials, equipment mainten...

Peer comparison

Comparable to 'Cost of Services' or 'Direct Operating Expenses' reported by peers in the energy services and industrial sectors.

Metric ID: slb_segment_service_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	$3.22B	$3.33B	$3.54B	$3.39B	$3.72B	$3.98B	$4.15B	$4.13B	$4.29B	$4.36B	$4.45B	$4.42B	$4.52B	$4.47B	$4.44B	$4.26B	$4.23B	$4.08B	$4.21B	$4.05B
QoQ Change	—	+3.4%	+6.2%	-4.3%	+9.8%	+6.9%	+4.4%	-0.5%	+3.9%	+1.7%	+2.2%	-0.9%	+2.4%	-1.3%	-0.5%	-4.2%	-0.7%	-3.6%	+3.2%	-3.7%
YoY Change	—	—	—	—	+15.4%	+19.2%	+17.2%	+21.9%	+15.3%	+9.7%	+7.3%	+6.9%	+5.5%	+2.4%	-0.2%	-3.6%	-6.5%	-8.7%	-5.4%	-4.9%

Range$3.22B – $4.52B

CAGR+4.9%

Avg YoY Growth+5.7%

Median YoY Growth+6.2%

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Frequently Asked Questions

What is Schlumberger 's service — cost of goods sold?: Schlumberger (SLB) reported service — cost of goods sold of $4.05B in Q1 2026.
How has Schlumberger 's service — cost of goods sold changed year-over-year?: Schlumberger 's service — cost of goods sold decreased by 4.9% year-over-year, from $4.26B to $4.05B.
What is the long-term trend for Schlumberger 's service — cost of goods sold?: Over 4 years (2021 to 2025), Schlumberger 's service — cost of goods sold has grown at a 6.3% compound annual growth rate (CAGR), from $13.13B to $16.76B.
What does service — cost of goods sold mean?: The direct costs incurred to deliver services to customers, such as labor and equipment expenses.