SLB (SLB) risk factors, FY2025 10-K

SLB's FY2025 10-K, filed Jan 23, 2026, lists 15 risk factors in 2 groups. Against the prior year's 16: 1 dropped, 2 substantially reworded.

Risk factors listed
152 groups
New this year
0vs 16 last year
Dropped
1since the prior 10-K
Substantially reworded
2of those kept
Section length
4k wordsItem 1A

What the changes say

  • The risk profile is now dominated by post-acquisition integration of ChampionX rather than closing uncertainty.
  • Non-US revenue exposure shifted from 85% in 2024 to 82% in 2025.

What changed since the prior 10-K

Dropped

  • DroppedRisks Related to the Proposed Acquisition of ChampionX

    We may be unable to complete the proposed acquisition of ChampionX

Reworded

  • 23% rewrittenBusiness and Operational Risks

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

    Removed conditional framing regarding whether the ChampionX acquisition is completed, focusing entirely on realizing integration benefits and synergies.

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

  • 22% rewrittenBusiness 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

    Updated non-US revenue contribution figures to reflect 82% for 2025, compared to 85% for 2024 and 84% for 2023.

All 15 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 flows22% rewritten
  3. 03Our 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
  4. 04We may fail to realize the anticipated benefits of the ChampionX acquisition23% rewritten
  5. 05Failure to effectively and timely address the energy transition could adversely affect our reputation, business, results of operations, and cash flows
  6. 06We operate in a highly competitive environment. If we are unable to maintain technology leadership, this could adversely affect any competitive advantage we hold
  7. 07Limitations 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
  8. 08Third parties may claim that we have infringed upon or otherwise violated their intellectual property rights

Legal and Regulatory Risks

  1. 09Our 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. 10Existing 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. 11Environmental 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. 12We 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
  5. 13Our aspirations, goals, and initiatives related to sustainability and emissions reduction, and our public statements and disclosures regarding them, expose us to numerous risks
  6. 14Failure to attract and retain qualified personnel could impede our operations
  7. 15Severe 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

  • FY2024 10-K risk factors
    16 risks

    International operations drive 85% of consolidated revenue, exposing SLB to significant geopolitical risks.

    Filed Jan 22, 2025

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.