Slb (SLB) Operating Expenses (2009 - 2026)
Slb (SLB) posted Operating Expenses of $324.0 million for Q2 2026, up 7.28% on a QoQ basis from $302.0 million in Q1 2026, and down 19.4% year-over-year from $402.0 million in Q2 2025.
Analysis
Slb (SLB) Operating Expenses (2009 - 2026) Analysis & Trends
Slb has reported Operating Expenses for 18 years, with the latest figure at $324.0 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 19.4% year-over-year to $324.0 million in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 11.04% decrease from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 9.85% from the prior year.
- Operating Expenses was $324.0 million for Q2 2026 at Slb, up from $302.0 million in the prior quarter.
- The five-year high for Operating Expenses was $426.0 million in Q1 2025, with the low at $238.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $312.8 million, with a median of $308.0 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: Operating Expenses jumped 51.74% in 2024, then decreased 29.11% in 2026.
- Over 5 years, Operating Expenses stood at $277.0 million in 2022, then increased by 2.17% to $283.0 million in 2023, then grew by 17.67% to $333.0 million in 2024, then retreated by 2.1% to $326.0 million in 2025, then fell by 0.61% to $324.0 million in 2026.
- The last three Operating Expenses figures came in at $324.0 million (Q2 2026), $302.0 million (Q1 2026), and $326.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 83.41 Bn | 79.34 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 58.89 Bn | 43.16 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 30.18 Bn | 28.14 Bn | 2.10 Bn | 4.94 Bn |
| 4 | Weatherford International | 6.46 Bn | 5.32 Bn | 662.00 Mn | 998.00 Mn |
| 5 | Kodiak Gas Services | 5.97 Bn | 5.83 Bn | 246.76 Mn | 266.88 Mn |
| 6 | Tidewater | 4.57 Bn | 3.96 Bn | 161.54 Mn | 279.76 Mn |
| 7 | USA Compression Partners | 4.03 Bn | 4.02 Bn | 217.36 Mn | 241.76 Mn |
| 8 | National Energy Services Reunited | 3.41 Bn | 3.23 Bn | 81.29 Mn | 12.02 Mn |
| 9 | Liberty Energy | 3.40 Bn | 2.84 Bn | 208.34 Mn | 1.18 Bn |
| 10 | Select Water Solutions | 2.77 Bn | 2.74 Bn | 76.84 Mn | 42.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 324.00 Mn |
| Mar 31, 2026 | 302.00 Mn |
| Dec 31, 2025 | 326.00 Mn |
| Sep 30, 2025 | 385.00 Mn |
| Jun 30, 2025 | 402.00 Mn |
| Mar 31, 2025 | 426.00 Mn |
| Dec 31, 2024 | 333.00 Mn |
| Sep 30, 2024 | 342.00 Mn |
| Jun 30, 2024 | 393.00 Mn |
| Mar 31, 2024 | 314.00 Mn |
| Dec 31, 2023 | 283.00 Mn |
| Sep 30, 2023 | 267.00 Mn |
| Jun 30, 2023 | 259.00 Mn |
| Mar 31, 2023 | 265.00 Mn |
| Dec 31, 2022 | 277.00 Mn |
| Sep 30, 2022 | 254.00 Mn |
| Jun 30, 2022 | 240.00 Mn |
| Mar 31, 2022 | 238.00 Mn |
| Dec 31, 2021 | 253.00 Mn |
| Sep 30, 2021 | 220.00 Mn |