SLB announced a definitive agreement to acquire ChampionX, a global leader in chemistry solutions and artificial lift systems. This acquisition is expected to enhance SLB's production and recovery capabilities and provide greater value to customers.

SLB completed the acquisition of Aker Solutions' subsea business, which contributed approximately 46% of the year-on-year revenue increase. This acquisition significantly strengthens the Production Systems division and expands SLB's subsea capabilities.

In January 2025, SLB's Board approved a 3.6% increase to the quarterly dividend and entered into accelerated share repurchase transactions to repurchase $2.3 billion of SLB common stock. This signals confidence in the business outlook and commitment to increasing total return to shareholders.

The 10-K filing emphasizes the importance of SLB's fit-for-basin approach and domain expertise in addressing customer challenges. This strategy has been instrumental in achieving strong performance across the company's divisions.

SLB launched the Lumi data and Al platform and new Performance Live centers to enable remote operations. These initiatives demonstrate management's focus on leveraging digital technologies to improve operational efficiency and customer service.

SLB commenced a program to realign and optimize its support and service delivery structure in certain parts of its organization. As a result, SLB recorded severance charges of $111 million during the second quarter, $65 million during the third quarter, and $61 million during the fourth quarter which are classified in Restructuring & other in the Consolidated Statement of Income. SLB may record additional charges relating to workforce reductions in 2025 as it continues to realign and optimize its structure.

The 10-K highlights that failure to effectively and timely address the energy transition could adversely affect SLB's reputation, business, results of operations, and cash flows. This underscores the importance of adapting the technology portfolio to changing customer preferences and government requirements.

SLB acknowledges that its operations are subject to cyber incidents that could have a material adverse effect on its reputation, business, financial condition, results of operations, and cash flows. This highlights the increasing importance of cybersecurity protection in the digital age.

The 10-K states that disruptions in the political, regulatory, economic, and social environments of the countries in which SLB operates or globally could adversely affect its reputation, financial condition, results of operations and cash flows. This underscores the challenges of operating in a global environment.

The 10-K acknowledges that the energy industry is highly competitive and rapidly evolving. This requires SLB to continuously develop and produce innovative technologies to maintain its competitive advantage.

The 10-K emphasizes that if SLB is unable to maintain technology leadership in its industry, its ability to maintain market share, defend prices, and negotiate acceptable contract terms could be adversely affected.

The 10-K states that SLB has numerous competitors, both large and small, indicating a diverse and challenging competitive landscape.

Digital & Integration pretax operating margin of 38% expanded 274 basis points sequentially, reflecting improved profitability in digital from higher sales and cost efficiencies. This indicates improved operational efficiency in this segment.

Reservoir Performance pretax operating margin of 20% expanded 99 bps year on year due to improved profitability in the international markets driven by higher activity and improved pricing from increased technology intensity.

SLB commenced a program to realign and optimize its support and service delivery structure in certain parts of its organization. This initiative is aimed at improving operational efficiency and reducing costs.

Digital capabilities continue to grow throughout the energy industry as a key element of the complex systems required to meet current energy demand, improve efficiency and to harness the promise of a lower-carbon future.

SLB is uniquely positioned to support customers on their digital journeys by providing an offering which spans planning and operational workflows, underpinned by a data platform which allows customers to realize efficiency gains through Al.

SLB's customers have access to leading digital products that help to meet their sustainability goals by driving transparency, better measurement, more effective planning, and more impactful and reliable outcomes.

Capital investments during 2025 are expected to be approximately $2.3 billion.

SLB has entered into accelerated share repurchase transactions to repurchase $2.3 billion of its common stock. Under the terms of the ASR agreements, on January 13, 2025, SLB received an initial share delivery of approximately 80% of the shares to be repurchased, based on the closing price per share of its common stock on the preceding day.

During the fourth quarter of 2024, SLB repaid its €0.6 billion of 0.00% Notes that were outstanding.

The evolving marketplace will require bold new technologies and ideas, digital transformation and a deep commitment to sustainability.

SLB has been in the CCS business for more than three decades and is actively progressing technologies to enable widespread adoption of CCS at scale.

SLB's emissions reduction strategy is at the center of our identity and vision, and our commitment to a sustainable future is underscored by bold science-backed targets aligned with the Paris Agreement.

While upstream investment growth will remain subdued in the short term due to global oversupply, we anticipate that the oil supply imbalance will gradually abate.

Global economic growth and a heightened focus on energy security, coupled with rising energy demand from Al and data centers will support the investment outlook for the oil and gas industry throughout the rest of the decade.

SLB is subject to numerous environmental and other governmental and regulatory requirements related to its operations worldwide. For additional details, see "Item 1(a). Risk Factors - Legal and Regulatory Risks," which is incorporated by reference in this Item 1.