On the Record · SLB
SLB acquisitions, on the record
The businesses SLB bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Aker subsea businessWord for word“On October 2, 2023, SLB, Aker, and Subsea7 closed their previously announced joint venture.” 10-K for 2023 | acquisition | October 2, 2023 | — |
ChampionXWord for word“Risks Related to the Proposed Acquisition of ChampionX We may be unable to complete the proposed acquisition of ChampionX.” 10-K for 2024 | agreed acquisition | — | — |
Aker Solutions subsea business ("Aker")Word for word“Approximately 46% of the year-on-year revenue increase came from the acquisition of the Aker Solutions subsea business ("Aker") in the fourth quarter of 2023 (see Note 6 to the Consolidated Financial Statements ).” 10-K for 2024 | acquisition | in the fourth quarter of 2023 | — |
Investment accounted for under the equity methodWord for word“During the fourth quarter of 2024, SLB sold an investment accounted for under the equity method.” 10-K for 2024 | divestiture | During the fourth quarter of 2024 | — |
Onshore hydraulic fracturing business in the United States and Canada (contributed to Liberty Energy Inc.)Word for word“On December 31, 2020, SLB contributed its onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping, pumpdown perforating and Permian frac sand business, to Liberty Energy Inc. (“Liberty”) in exchange for an equity interest in Liberty.” 10-K for 2024 | divestiture | On December 31, 2020 | — |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | — | $9.01 billion |
| 2017-12-31 | — | $94 million |
| 2018-12-31 | — | $39 million |
| 2019-12-31 | $348 million | — |
| 2020-12-31 | $434 million | — |
| 2021-12-31 | — | $18 million |
| 2023-12-31 | — | $1.1 billion |
| 2024-12-31 | — | $509 million |
| 2025-12-31 | — | $73 million |
Deal filings since 2016
- 2025-07-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from SLB’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-01-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.