---
title: "Schlumberger: Business Model"
description: "Schlumberger revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/schlumberger/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Schlumberger: Business Model & Revenue Engine

## Direct Answer

Schlumberger reports revenue across 5 business segments in its fiscal 2025 Form 10-K. Production Systems is the largest, with $13.3 billion of revenue (37% of the total), followed by Well Construction at $11.9 billion (33%).

## How Does Schlumberger Make Money?

No single line supplies a majority of revenue: the largest, Production Systems, is 37%, which spreads Schlumberger's exposure across several demand drivers. Between fiscal 2024 and 2025, Production Systems grew fastest (+11.6%) and Well Construction slowest (-11.2%), so the revenue mix tilts toward Production Systems while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Production Systems | $13.3 billion | $11.9 billion | 37.3% | 11.6% |
| Well Construction | $11.9 billion | $13.4 billion | 33.2% | -11.2% |
| Reservoir Performance | $6.8 billion | $7.2 billion | 19.1% | -5.0% |
| Digital Integration | $2.7 billion | $2.4 billion | 7.4% | 9.1% |
| All Other | $2.0 billion | $2.1 billion | 5.6% | -6.1% |

![Bar chart of Schlumberger revenue by segment for fiscal 2025: Production Systems 37.3%, Well Construction 33.2%, Reservoir Performance 19.1%, Digital Integration 7.4%, All Other 5.6%.](https://www.getswoopr.com/images/charts/schlumberger-business-model-segment-mix.webp)
*Schlumberger revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What Does Schlumberger Sell?

Schlumberger also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Service | $21.2 billion | $23.3 billion | 59.4% | -9.0% |
| Product | $14.5 billion | $13.0 billion | 40.6% | 11.7% |

## What the Segment Figures Do Not Show

The rows above add up to 103% of Schlumberger's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Schlumberger reported in the segment note and revenue disclosures of its Form 10-K filed January 23, 2026 (accession 0001193125-26-021017), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Schlumberger's business segments?

In its fiscal 2025 Form 10-K, Schlumberger reports revenue for Production Systems, Well Construction, Reservoir Performance, Digital Integration and All Other.

### Which part of Schlumberger brings in the most revenue?

Production Systems, with $13.3 billion of revenue in fiscal 2025, or 37% of the total.

### Where does Schlumberger report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed January 23, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: SLB LIMITED/NV Form 10-K filed January 23, 2026](https://www.sec.gov/Archives/edgar/data/87347/000119312526021017/slb-20251231.htm)
- [SEC EDGAR: SLB LIMITED/NV annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=87347&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

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- [Schlumberger company dossier](https://www.getswoopr.com/stocks/companies/schlumberger/)
- [Schlumberger financial metrics](https://www.getswoopr.com/stocks/companies/schlumberger/metrics/)
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- [Schlumberger peer comparison](https://www.getswoopr.com/stocks/companies/schlumberger/competitors/)
- [Schlumberger business model and revenue mix](https://www.getswoopr.com/stocks/companies/schlumberger/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).