SLB (SLB) risk factors, FY2024 10-K

SLB's FY2024 10-K, filed Jan 22, 2025, lists 16 risk factors in 3 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
163 groups
Section length
4k wordsItem 1A

SLB's biggest risks in the FY2024 10-K

  • International operations drive 85% of consolidated revenue, exposing SLB to significant geopolitical risks.
  • The proposed ChampionX acquisition introduces closing and integration uncertainties.
  • Energy transition demands and strict environmental regulations heavily impact long-term strategy.

The risks most specific to SLB

  • Business and Operational Risks

    Disruptions in the political, regulatory, economic, and social environments of the countries in which we operate or globally could adversely affect our reputation, financial condition, results of operations and cash flows

    Non-US operations accounted for approximately 85% of consolidated revenue in 2024 and 84% in 2023 and 2022, exposing us to geopolitical instability.

  • Business and Operational Risks

    Failure to effectively and timely address the energy transition could adversely affect our reputation, business, results of operations, and cash flows

    Our long-term success depends on adapting our technology portfolio to customer preferences and government requirements for the energy transition and decarbonization.

  • Business and Operational Risks

    Our operations are subject to cyber incidents that could have a material adverse effect on our reputation, business, financial condition, results of operations, and cash flows

    Cyber incidents affecting our internal digital infrastructure, networks, and incorporated third-party software could disrupt our digital technologies and services.

  • Risks Related to the Proposed Acquisition of ChampionX

    We may be unable to complete the proposed acquisition of ChampionX

    We or ChampionX may terminate the proposed merger agreement under certain circumstances described in our April 2, 2024 Form 8-K.

  • Risks Related to the Proposed Acquisition of ChampionX

    We may fail to realize the anticipated benefits of the proposed acquisition of ChampionX

    We may fail to successfully combine our business with ChampionX and realize anticipated growth opportunities and synergies if the acquisition is completed.

  • Risks Related to the Proposed Acquisition of ChampionX

    Our aspirations, goals, and initiatives related to sustainability and emissions reduction, and our public statements and disclosures regarding them, expose us to numerous risks

    Our net-zero emissions target and sustainability goals reflect current plans and aspirations that do not constitute a guarantee of achievement.

All 16 risk factors

Headings as the filing states them, in filing order.

Business and Operational Risks

  1. 01extreme weather conditions, natural disasters, and public health or similar issues, such as pandemics and epidemics
  2. 02Disruptions in the political, regulatory, economic, and social environments of the countries in which we operate or globally could adversely affect our reputation, financial condition, results of operations and cash flows
  3. 03Failure to effectively and timely address the energy transition could adversely affect our reputation, business, results of operations, and cash flows
  4. 04Our operations are subject to cyber incidents that could have a material adverse effect on our reputation, business, financial condition, results of operations, and cash flows
  5. 05We operate in a highly competitive environment. If we are unable to maintain technology leadership, this could adversely affect any competitive advantage we hold
  6. 06Limitations on our ability to obtain, maintain, protect, or enforce our intellectual property rights, including our trade secrets, could cause a loss in revenue and any competitive advantage we hold
  7. 07Third parties may claim that we have infringed upon or otherwise violated their intellectual property rights

Legal and Regulatory Risks

  1. 08Our operations require us to comply with numerous laws and regulations, violations of which could have a material adverse effect on our reputation, financial condition, results of operations or cash flows
  2. 09Existing or future laws, regulations, court orders or other public- or private-sector initiatives to limit greenhouse gas emissions or relating to climate change may reduce demand for our products and services
  3. 10Environmental compliance costs and liabilities arising as a result of environmental laws and regulations could have a material adverse effect on our business, financial condition, results of operations, and cash flows
  4. 11We could be subject to substantial liability claims, including as a result of well incidents, which could adversely affect our reputation, financial condition, results of operations, and cash flows

Risks Related to the Proposed Acquisition of ChampionX

  1. 12We may be unable to complete the proposed acquisition of ChampionX
  2. 13We may fail to realize the anticipated benefits of the proposed acquisition of ChampionX
  3. 14Our aspirations, goals, and initiatives related to sustainability and emissions reduction, and our public statements and disclosures regarding them, expose us to numerous risks
  4. 15Failure to attract and retain qualified personnel could impede our operations
  5. 16Severe weather events, including extreme weather conditions associated with climate change, have in the past and may in the future adversely affect our operations and financial results

Other SLB 10-Ks

  • FY2025 10-K risk factors
    15 risks1 dropped2 reworded

    The risk profile is now dominated by post-acquisition integration of ChampionX rather than closing uncertainty.

    Filed Jan 23, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.