Schlumberger Ltd. Reports Q4 Income Decline, Misses Analyst Estimates

Schlumberger Ltd. (NYSE: SLB) reported a 12% decline in fourth-quarter income on January 23, 2026, falling short of analyst expectations. The company attributed the drop to reduced activity in its oilfield services segment, driven by lower global energy demand and ongoing market volatility. Revenue for the quarter totaled $7.8 billion, down from $8.9 billion in the same period last year. Schlumberger's CEO noted, "While we remain focused on cost optimization, external factors continue to challenge our performance." The announcement caused SLB shares to drop 5% in early trading, reflecting investor concerns over the company's near-term outlook in a shifting energy landscape.