Slb SLB · USD

16. Segment Information SLB is primarily organized under four Divisions that combine and integrate SLB’s technologies, enhancing the Company’s ability to support the emerging long-term growth opportunities in each of these market segments. SLB previously reported its results on the basis of four Divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Commencing the third quarter of 2025, SLB's Digital business is reported as a separate Division. Additionally, SLB's Asset Performance Solutions ("APS"), Data Center Solutions and SLB Capturi businesses are now reported in the All Other category. The acquired ChampionX businesses are predominantly reported in SLB's Production Systems Division, with the exception of its digital business, which is reported in SLB's Digital Division. Prior periods have been recast to conform to the current presentation. SLB’s segments, are:•Digital – Comprised of SLB's industry-leading digital solutions and data products.•Reservoir Performance – Consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. •Well Construction – Combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. •Production Systems – Develops technologies and provides expertise that enhances production and recovery of oil and gas assets from subsurface reservoirs to the surface, into pipelines, and to refineries.•All Other – Consists of Asset Performance Solutions, Data Center Solutions, and SLB Capturi.

9. Long-term Debt and Debt Facility Agreements Long-term Debt consists of the following: (Stated in millions) 2025 2024 3.90% Senior Notes due 2028 $ 1,484 $ 1,478 2.65% Senior Notes due 2030 1,247 1,250 2.00% Guaranteed Notes due 2032 1,172 1,034 0.25% Notes due 2027 1,059 936 0.50% Notes due 2031 1,058 935 4.30% Senior Notes due 2029 848 848 4.50% Senior Notes due 2028 497 497 5.00% Senior Notes due 2027 497 495 4.85% Senior Notes due 2033 495 498 5.00% Senior Notes due 2029 494 493 5.00% Senior Notes due 2034 487 489 7.00% Notes due 2038 195 197 5.95% Notes due 2041 111 111 5.13% Notes due 2043 98 98 1.375% Guaranteed Notes due 2026 - 1,040 1.00% Guaranteed Notes due 2026 - 624 $ 9,742 $ 11,023 Long-term Debt as of December 31, 2025 is due as follows: $1.6 billion in 2027, $2.0 billion in 2028, $1.3 billion in 2029, $1.2 billion in 2030, $1.1 billion in 2031, and $2.6 billion thereafter. The estimated fair value of SLB’s Long-term Debt at December 31, 2025 and December 31, 2024 was $9.4 billion and $10.4 billion, respectively, and was estimated based on quoted market prices. At December 31, 2025, SLB had committed credit facility agreements with commercial banks aggregating $5.0 billion, of which $2.0 billion matures in February 2029 and $3.0 billion matures in December 2030. These committed facilities support commercial paper programs in the United States and Europe. There were no borrowings under these facilities at December 31, 2025 and 2024. Commercial paper borrowings are classified as long-term debt to the extent they are backed up by available and unused committed credit facilities maturing in more than one year and to the extent it is SLB’s intent to maintain these obligations for longer than one year. There were no borrowings under the commercial paper programs at December 31, 2025 and 2024. SLB Limited fully and unconditionally guarantees the publicly-held securities issued by Schlumberger Investment SA, an indirect wholly-owned subsidiary of SLB Limited.

13. Income Taxes Income before taxes subject to United States and non-United States income taxes was as follows: (Stated in millions) 2025 2024 2023 United States $ (68 ) $ 641 $ 355 Outside United States 4,359 5,031 4,927 $ 4,291 $ 5,672 $ 5,282 SLB recorded net pretax charges of $1.107 billion in 2025 ($565 million of charges in the US and $542 million of net charges outside the US); $540 million in 2024 ($188 million of charges in the US and $352 million of net charges outside the US); and $110 million in 2023 ($2 million of net credits in the US and $112 million of charges outside the US). These charges and credits are included in the table above and are more fully described in Note 3 – Charges and Credits.The components of net deferred tax liabilities were as follows: (Stated in millions) 2025 2024 Intangible assets $ (1,208 ) $ (758 ) Net operating losses 153 123 Fixed assets, net 106 173 Research and development credits 87 158 Capitalized research and development costs 255 216 Pension and other postretirement benefits (71 ) (62 ) Investments in non-US subsidiaries (194 ) (69 ) Foreign tax credits 63 - Other, net 165 152 $ (644 ) $ (67 ) Approximately $105 million of the $153 million deferred tax asset relating to net operating losses at December 31, 2025 can be carried forward indefinitely. The deferred tax balance at December 31, 2025 and 2024 was net of valuation allowances relating to the following: (Stated in millions) 2025 2024 Foreign tax credits $ 69 $ 162 Net operating losses $ 40 $ 62 The components of Tax expense were as follows: (Stated in millions) 2025 2024 2023 Current: United States-Federal $ 7 $ 10 $ (23 ) United States-State 2 7 5 Outside United States 1,110 1,117 997 1,119 1,134 979 Deferred: United States-Federal $ (64 ) $ 88 $ (77 ) United States-State 1 2 6 Outside United States (60 ) (61 ) 104 United States - Valuation allowance (133 ) (26 ) (5 ) Outside United States - Valuation allowance (23 ) (44 ) - (279 ) (41 ) 28 $ 840 $ 1,093 $ 1,007 A reconciliation of the United States statutory federal tax rate to the consolidated effective tax rate follows: 2025 2024 2023 Amount Percentage Amount Percentage Amount Percentage US federal income tax $ 901 21.0 % $ 1,191 21.0 % $ 1,109 21.0 % Non-US tax effects United Arab Emirates (51 ) (1.2 ) (47 ) (0.8 ) (40 ) (0.8 ) Saudi Arabia (39 ) (0.9 ) (85 ) (1.5 ) (101 ) (1.9 ) Norway 20 0.5 (65 ) (1.1 ) (41 ) (0.8 ) Ecuador: Dividend withholding tax 61 1.4 30 0.5 106 2.0 Other 8 0.2 83 1.

12. Stock-based Compensation Plans SLB has three types of stock-based compensation programs: (i) a restricted stock unit and performance share unit program (collectively referred to as “restricted stock”), (ii) a discounted stock purchase plan (“DSPP”), and (iii) stock options. Restricted Stock SLB grants performance share units to certain key employees. The number of shares earned is determined at the end of each performance period based on SLB’s achievement of certain predefined targets as described in the underlying performance share unit agreement. In the event SLB exceeds the predefined target, shares for up to a maximum of 250% of the target award may be awarded. In the event SLB falls below the predefined target, a reduced number of shares may be awarded. If SLB falls below the threshold award performance level, no shares will be awarded. As of December 31, 2025, 2.4 million performance share units were outstanding assuming the achievement of 100% of target. Restricted stock awards do not pay dividends or have voting rights prior to vesting and generally vest at the end of three years or ratably in equal tranches over a three-year period. The fair value of a restricted stock award is generally the quoted market price of SLB’s stock on the date of grant less the present value of the expected dividends not received prior to vesting. The following table summarizes information related to restricted stock activity: (Shares stated in millions) 2025 2024 2023 Weighted- Weighted- Weighted- Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year 13 $ 46.12 14 $ 39.88 18 $ 30.24 Granted 7 $ 36.13 6 $ 45.44 5 $ 56.24 Assumed in ChampionX transaction 1 $ 25.81 - $ - - $ - Adjustments for performance achieved - $ - 1 $ 22.85 2 $ 32.47 Vested (6 ) $ 42.42 (8 ) $ 32.50 (10 ) $ 29.82 Forfeited (1 ) $ 39.60 - $ - (1 ) $ 27.71 Unvested at year-end 14 $ 41.47 13 $ 46.12 14 $ 39.88 Discounted Stock Purchase Plan Under the terms of the DSPP, employees can choose to have a portion of their earnings withheld, subject to certain restrictions, to purchase SLB common stock. The purchase price of the stock is 85% of the lower of the stock price at the beginning or end of the plan period at six-month intervals.

The following table summarizes information related to restricted stock activity: (Shares stated in millions) 2025 2024 2023 Weighted- Weighted- Weighted- Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Stock Fair Value Stock Fair Value Stock Fair Value Unvested at beginning of year 13 $ 46.12 14 $ 39.88 18 $ 30.24 Granted 7 $ 36.13 6 $ 45.44 5 $ 56.24 Assumed in ChampionX transaction 1 $ 25.81 - $ - - $ - Adjustments for performance achieved - $ - 1 $ 22.85 2 $ 32.47 Vested (6 ) $ 42.42 (8 ) $ 32.50 (10 ) $ 29.82 Forfeited (1 ) $ 39.60 - $ - (1 ) $ 27.71 Unvested at year-end 14 $ 41.47 13 $ 46.12 14 $ 39.

14. Leases SLB’s leasing activities primarily consist of operating leases for administrative offices, manufacturing facilities, research centers, service centers, sales offices, and certain equipment. Total operating lease expense, which approximates cash paid and includes short-term leases, was $1.5 billion in 2025, and $1.4 billion in each of 2024 and 2023. Maturities of operating lease liabilities as of December 31, 2025 were as follows: (Stated in millions) 2026 $ 242 2027 196 2028 151 2029 113 2030 96 Thereafter 258 Total lease payments $ 1,056 Less: Interest (151 ) $ 905 Amounts recognized in balance sheet: Accounts payable and accrued liabilities $ 672 Other Liabilities 233 $ 905 The weighted-average remaining lease term as of December 31, 2025 was 8 years. The weighted-average discount rate used to determine the operating lease liability as of December 31, 2025 was 4%.

6. AcquisitionsChampionXOn July 16, 2025, SLB acquired all of the outstanding shares of ChampionX in an all-stock transaction. ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably across the world. The acquisition strengthens SLB's leadership in the production and recovery space. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. Calculation of Consideration Transferred The following details the fair value of the consideration transferred to effect the acquisition of ChampionX: (stated in millions, except exchange ratio and per share amounts) Equity consideration: Number of shares of ChampionX stock outstanding 191 Exchange ratio 0.735 SLB shares of common stock issued 141 SLB closing stock share price on July 15, 2025 $35.07 Equity consideration $4,936 Fair value of replacement equity awards 69 Total fair value of the consideration transferred $5,005 Preliminary Allocation of Consideration Transferred to Net Assets AcquiredThe following amounts represent the preliminary estimates of the fair value of assets acquired and liabilities assumed in the acquisition. The final determination of fair value for certain assets and liabilities will be completed as soon as the information necessary to complete the analysis is obtained. These amounts, which are not expected to differ materially from current estimates, will be finalized no later than one year from the acquisition date. (Stated in millions) Cash $ 479 Accounts receivable 489 Inventories (1) 680 Net assets held for sale (2) 286 Fixed assets 676 Intangible assets (weighted average life of 18 years) Customer relationships (weighted-average life of 25 years) 950 Technology/Technical know-how (weighted-average life of 16 years) 980 Tradenames (weighted-average life of 20 years) 330 Other assets 206 Accounts payable and accrued liabilities (719 ) Long-term debt (612 ) Deferred taxes (840 ) Other liabilities (189 ) Noncontrolling interests (19 ) Total identifiable net assets $ 2,697 Goodwill (3) 2,308 Total consideration transferred $ 5,005 (1)SLB recorded an adjustment of $166 million to write-up the acquired inventory to its estimated fair value. SLB's Cost of sales reflected this increased valuation as the acquired inventory was sold.

Item 1C. Cybersecurity. SLB maintains a cyber risk management program designed to identify, assess, manage, mitigate, and respond to cybersecurity threats. This program is integrated within the Company’s enterprise risk management system and addresses both the corporate information technology environment and customer-facing products and services. The underlying controls of the cyber risk management program are based on recognized best practices and standards for cybersecurity and information technology, including the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework (“CSF”) and the International Organization Standardization (“ISO”) 27001 Information Security Management System Requirements. SLB has an annual assessment, performed by a third party, of the Company’s cyber risk management program against the NIST CSF. SLB has a Cybersecurity Operations Center operating in three locations to provide 24/7 monitoring of its global cybersecurity environment and to coordinate the investigation and remediation of alerts. A program for staging incident response drills is in place to prepare support teams in the event of a significant incident. Cyber partners are a key part of SLB’s cybersecurity infrastructure. SLB partners with leading cybersecurity companies and organizations, leveraging third-party technology and expertise. SLB engages with these partners to monitor and maintain the performance and effectiveness of products and services that are deployed in SLB’s environment as well as, if necessary, assist in responding to cyber attacks. SLB’s Cybersecurity Director reports to SLB’s Chief Information Officer and is the head of the Company’s cybersecurity team. The Cyber Security Director is responsible for assessing and managing SLB’s cyber risk management program, informs senior management regarding the prevention, detection, mitigation, and remediation of cybersecurity incidents and supervises such efforts. The cybersecurity team has decades of experience selecting, deploying, and operating cybersecurity technologies, initiatives, and processes around the world, and relies on threat intelligence as well as other information obtained from governmental, public, and private sources, including external consultants engaged by SLB. The Audit Committee of the Board of Directors oversees SLB’s cybersecurity risk exposures and the steps taken by management to monitor and mitigate cybersecurity risks.