Schlumberger SLB Service — Cost of Goods Sold

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Questions, answered.

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 $16.77B.

What does service — cost of goods sold mean?

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

How do you interpret service — cost of goods sold?

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

How does service — cost of goods sold compare across companies?

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