Service — Revenue
Schlumberger Service — Revenue decreased by 8.1% to $4.92B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.3%, from $5.37B to $4.92B. Over 4 years (FY 2021 to FY 2025), Service — Revenue shows an upward trend with a 8.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher demand for services or improved pricing power, while a decrease suggests reduced activity levels or competitive pricing pressure.
Detailed definition
This metric represents the total revenue generated from providing specialized oilfield services to customers, net of any...
Peer comparison
Comparable to 'Service Revenue' or 'Segment Revenue' reported by other oilfield services and industrial engineering firms.
slb_segment_service_revenue_from_contract_with_customer_excluding_assessed_taxHistorical Data
| 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 | $3.79B | $4.02B | $4.31B | $4.22B | $4.73B | $5.15B | $5.45B | $5.33B | $5.56B | $5.72B | $5.82B | $5.68B | $5.90B | $5.84B | $5.88B | $5.37B | $5.33B | $5.15B | $5.36B | $4.92B |
| QoQ Change | — | +6.1% | +7.2% | -2.1% | +12.1% | +8.9% | +5.7% | -2.0% | +4.3% | +2.8% | +1.8% | -2.5% | +4.0% | -1.0% | +0.6% | -8.7% | -0.7% | -3.3% | +3.9% | -8.1% |
| YoY Change | — | — | — | — | +24.9% | +28.2% | +26.3% | +26.3% | +17.6% | +11.0% | +6.9% | +6.4% | +6.1% | +2.1% | +0.9% | -5.5% | -9.7% | -11.8% | -8.9% | -8.3% |
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Frequently Asked Questions
- What is Schlumberger 's service — revenue?
- Schlumberger (SLB) reported service — revenue of $4.92B in Q1 2026.
- How has Schlumberger 's service — revenue changed year-over-year?
- Schlumberger 's service — revenue decreased by 8.3% year-over-year, from $5.37B to $4.92B.
- What is the long-term trend for Schlumberger 's service — revenue?
- Over 4 years (2021 to 2025), Schlumberger 's service — revenue has grown at a 8.0% compound annual growth rate (CAGR), from $15.60B to $21.20B.
- What does service — revenue mean?
- The total net revenue earned from providing services to customers, excluding tax collections.