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Benzinga
Benzinga
Business
Akanksha Bakshi

SLB Trims 2025 Capital Spending, Prioritizing Efficiency Post-ChampionX Deal

SLB ChampionX
Schlumbergers' Facility

Schlumberger N.V. (NYSE:SLB) shares are trading higher on Friday after the company reported better-than-expected second-quarter 2025 results.

Revenue fell 6% year over year to $8.55 billion, topping the consensus estimate of $8.47 billion. Adjusted earnings per share declined 13% to 74 cents, which aligns with analyst expectations.

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