SLB
19 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Customers
Hyperscalers (data center customers)
earns fromData Center Solutions: Designs and manufactures critical infrastructure components — such as modular data center enclosures, cooling systems, and other hardware — for hyperscalers and enterprises.Business (Item 1)
Partners and platforms
SLB OneSubsea joint venture (Aker Solutions ASA, Subsea7 S.A.)
SLB owns 70% of the joint ventureSLB owns 70% of the joint venture, while Aker Solutions ASA owns 20% and Subsea7 S.A. owns 10%.Business (Item 1)
SLB Capturi (Aker Carbon Capture)
80% owned by SLBSLB Capturi, which is 80% owned by SLB, is a dedicated carbon capture company with solutions, services, and technologies servicing a range of hard-to-abate industries, including the cement, waste-to-energy, gas-to-power, and biogenic emissions segments.Business (Item 1)
Other companies
ChampionX Corporation
141 million shares of its common stock valued at $4.9 billionnamed as a riskSLB issued 141 million shares of its common stock valued at $4.9 billion in connection with this transaction.Business (Item 1)
Also named by ECL
Foreign currency forward contracts
exposed to its price · $10.8 billionAt December 31, 2025, forward contracts for the US dollar equivalent of $10.8 billion in various foreign currencies were outstanding, of which $4.5 billion related to hedges of debt balances denominated in currencies other than the functional currency.Market risk (Item 7A)
Also named by PANW
OPEC+
exposed to its pricenamed as a riskthe ability or willingness of the Organization of Petroleum Exporting Countries (OPEC) and the expanded alliance known as OPEC+ to set and maintain production levels for oil;Risk factors (Item 1A)
Also named by APA, CHRD, CPAY, CRC, CRGY, DMLP, KMI, KRP and 9 more
Places
Russia
operates in · approximately 4% of our worldwide revenue during 2025named as a riskRussia represented approximately 4% of our worldwide revenue during 2025.Risk factors (Item 1A)
Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more
Russia
operates in · approximately $0.7 billionnamed as a riskThe carrying value of our net assets in Russia was approximately $0.7 billion as of December 31, 2025.Risk factors (Item 1A)
Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more
Non-US markets
concentrated in · approximately 82% of our consolidated revenue in 2025named as a riskWe are a global technology company, and our non-US operations accounted for approximately 82% of our consolidated revenue in 2025, 85% in 2024, and 84% in 2023.Risk factors (Item 1A)
Ecuador
concentrated in · three field production projectsAs of December 31, 2025, SLB’s Asset Performance Solutions portfolio primarily consisted of three field production projects in Ecuador.Business (Item 1)
Canada
operates innamed as a riskFor example, the spring thaw in Canada and other Northern climates and consequent road restrictions can affect activity levels, while the winter months in the North Sea, Russia, and China can produce severe weather conditions that can temporarily reduce levels of activity.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Hazards
Hurricanes
operates innamed as a riskExtreme weather conditions such as hurricanes, flooding, landslides, and heat waves have in the past resulted in, and may in the future result in, the evacuation of personnel, stoppage of services and activity disruptions at our facilities, in our supply chain, or at well-sites, or result in disruptions to our customers’ operations.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Commodities and inputs
US dollar
exposed to its price · Approximately 70% of SLB’s revenue in 2025named as a riskApproximately 70% of SLB’s revenue in 2025 was denominated in US dollars.Market risk (Item 7A)
Also named by A, AAPL, AEHR, CROX, CSCO, FWONA, IDXX, KEYS and 4 more
Crude oil and natural gas prices
exposed to its pricenamed as a riskActual and anticipated declines in oil and gas prices have in the past resulted in, and may in the future result in, lower capital expenditures, project modifications, delays or cancellations, general business disruptions, and delays in payment of, or nonpayment of, amounts that are owed to us.Risk factors (Item 1A)
Also named by HESM
Laws and programs
Foreign Corrupt Practices Act
subject tonamed as a riskOur operations are subject to anti-corruption and anti-bribery laws and regulations, such as the Foreign Corrupt Practices Act, the UK Bribery Act, and other similar laws.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
Russia-Ukraine war sanctions
subject tonamed as a riskIn July 2023, we announced that we were halting shipments of products into Russia from all our facilities worldwide in response to the continued expansion of international sanctions.Risk factors (Item 1A)
Also named by ESAB
Paris Agreement
subject tonamed as a riskThe implementation of these agreements, including the Paris Agreement, the Europe Climate Law, and other existing or future regulatory mandates, may adversely affect the demand for our products and services, impose taxes on us or our customers, require us or our customers to reduce GHG emissions from our technologies or operations, or accelerate the obsolescence of our products or services.Risk factors (Item 1A)
Also named by CARR
European Climate Law
subject tonamed as a riskThe implementation of these agreements, including the Paris Agreement, the Europe Climate Law, and other existing or future regulatory mandates, may adversely affect the demand for our products and services, impose taxes on us or our customers, require us or our customers to reduce GHG emissions from our technologies or operations, or accelerate the obsolescence of our products or services.Risk factors (Item 1A)
Also named by UGI