HIGHBuilt-inGeographic
82%
non-US operations
“10-K Item 1A: 'our non-US operations accounted for approximately 82% of our consolidated revenue in 2025, 85% in 2024, and 84% in 2023.'”
SLB · Concentration risk · 10-K extracted
SLB (SLB) concentration risks
Updated
The most significant concentration SLB discloses is non-US operations at 82%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: SLB’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-05SLB's concentration is geographic and structural: non-U.S. operations accounted for approximately 82% of consolidated revenue in 2025, consistent with 85% in 2024 and 84% in 2023. This reflects the inherent shape of a global oilfield-services business rather than a dependency on any single customer, supplier, or counterparty — SLB's revenue base has been consistently weighted toward international markets across all three years cited. Because the share has stayed in a similar high band year over year, this is a durable structural feature of the business rather than a recent or worsening shift. The practical implication is that SLB's results are more exposed to non-U.S. macroeconomic, currency, and geopolitical conditions than to U.S.-specific dynamics, simply because the large majority of revenue originates outside the United States. With only one concentration disclosed, this geographic weighting is the single dominant factor in SLB's disclosed risk profile, and given its consistency across multiple years, it functions as a defining structural characteristic of the business rather than an emerging or volatile exposure.
For the engine’s reasoning on SLB’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Equipment & Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AROC | Archrock, Inc. | 2 | 1 | 0 | 3 |
| AESI | Atlas Energy Solutions Inc. | 1 | 2 | 0 | 3 |
| BKR | Baker Hughes Company | 1 | 0 | 0 | 1 |
| SLB● | SLB Limited | 1 | 0 | 0 | 1 |
| FLOC | Flowco Holdings Inc. | 0 | 1 | 0 | 1 |
| FTI | TechnipFMC plc | 0 | 0 | 2 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.