AI Tokens
Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

SLB N.V., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Accounts payable and accrued liabilities 11,955 11,210 11,140 11,490 10,857 9,993 10,221 10,375 10,346 10,099 10,051 10,904 9,222 8,938 8,700 9,121 9,034 8,528 8,638 8,382 7,615 7,635 7,956
Estimated liability for taxes on income 695 742 878 894 814 833 936 982 888 867 987 994 935 859 1,038 1,002 938 884 940 879 907 924 983
Short-term borrowings and current portion of long-term debt 1,653 1,658 1,938 1,894 1,923 2,807 3,475 1,051 1,059 1,033 1,430 1,123 1,998 1,993 2,140 1,632 899 901 923 909 1,025 36 749
Dividends payable 454 456 457 443 443 402 404 403 406 410 411 374 373 373 374 263 263 270 195 189 188 189 185
Current liabilities 14,757 14,066 14,413 14,721 14,037 14,035 15,036 12,811 12,699 12,409 12,879 13,395 12,528 12,163 12,252 12,018 11,134 10,583 10,696 10,359 9,735 8,784 9,873
Long-term debt, excluding current portion 11,147 11,140 9,670 9,742 10,843 10,891 10,527 11,023 11,864 12,156 10,740 10,842 11,147 11,342 10,698 10,594 12,452 12,946 13,163 13,286 14,370 15,687 15,834
Postretirement benefits 470 475 474 479 502 502 507 512 176 175 177 175 166 167 168 165 233 232 232 231 905 956 1,003
Deferred taxes 656 669 704 644 827 12 37 67 171 135 115 140 157 183 194 61 86 99 77 94 — — —
Other liabilities 1,957 1,928 1,912 1,991 1,962 1,778 2,147 2,172 2,137 2,218 2,022 2,046 2,108 2,037 2,163 2,308 2,677 2,342 2,160 2,255 2,363 2,422 2,354
Noncurrent liabilities 14,230 14,212 12,760 12,856 14,134 13,183 13,218 13,774 14,348 14,684 13,054 13,203 13,578 13,729 13,223 13,128 15,448 15,619 15,632 15,866 17,638 19,065 19,191
Total liabilities 28,987 28,278 27,173 27,577 28,171 27,218 28,254 26,585 27,047 27,093 25,933 26,598 26,106 25,892 25,475 25,146 26,582 26,202 26,328 26,225 27,373 27,849 29,064
Common stock 16,248 16,260 16,198 16,354 16,338 11,354 10,827 11,458 11,408 11,401 11,344 11,624 11,182 11,270 11,264 11,837 11,867 11,981 11,957 12,608 12,571 12,730 12,663
Treasury stock (4,698) (4,253) (3,650) (3,576) (3,636) (3,742) (3,292) (1,773) (1,294) (973) (531) (678) (621) (750) (559) (1,016) (1,176) (1,436) (1,503) (2,233) (2,287) (2,591) (2,598)
Retained earnings 19,006 18,710 18,369 18,067 17,746 17,433 16,804 16,395 15,687 14,890 14,172 13,497 12,742 11,974 11,296 10,719 9,904 9,244 8,532 8,199 7,775 7,399 7,142
Accumulated other comprehensive loss (4,505) (4,643) (4,740) (4,736) (4,813) (4,743) (4,824) (4,950) (4,290) (4,247) (4,249) (4,254) (3,917) (3,886) (3,933) (3,855) (3,396) (3,464) (3,639) (3,570) (4,697) (4,776) (4,664)
Total SLB stockholders’ equity 26,051 26,074 26,177 26,109 25,635 20,302 19,515 21,130 21,511 21,071 20,736 20,189 19,386 18,608 18,068 17,685 17,199 16,325 15,347 15,004 13,362 12,762 12,543
Noncontrolling interests 1,162 1,180 1,176 1,182 1,287 1,249 1,233 1,220 1,217 1,209 1,187 1,170 321 326 312 304 312 300 292 282 303 297 429
Total equity 27,213 27,254 27,353 27,291 26,922 21,551 20,748 22,350 22,728 22,280 21,923 21,359 19,707 18,934 18,380 17,989 17,511 16,625 15,639 15,286 13,665 13,059 12,972
Total liabilities and equity 56,200 55,532 54,526 54,868 55,093 48,769 49,002 48,935 49,775 49,373 47,856 47,957 45,813 44,826 43,855 43,135 44,093 42,827 41,967 41,511 41,038 40,908 42,036

Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The balance sheet reflects a significant strengthening of the capital structure over the analyzed period, characterized by a substantial expansion in total equity and a strategic shift in the composition of liabilities. Total liabilities and equity grew from 42,036 million USD in March 2021 to 56,200 million USD by September 2026, indicating an overall growth in the company's asset base and financial scale.

Liability Trends and Debt Management
Current liabilities exhibited a consistent upward trajectory, increasing from 9,873 million USD in March 2021 to 14,757 million USD in September 2026. This growth was primarily driven by accounts payable and accrued liabilities, which rose from 7,956 million USD to 11,955 million USD over the same period. Short-term borrowings showed higher volatility, peaking in March 2025 at 3,475 million USD before stabilizing around 1,653 million USD by late 2026.
Long-term debt, excluding the current portion, demonstrated a general trend of deleveraging for several years, falling from a peak of 15,834 million USD in March 2021 to a low of 9,670 million USD in March 2025. However, a slight increase is observed in the final quarters, with the balance returning to 11,147 million USD by September 2026.
Equity Expansion and Capital Allocation
Total equity experienced robust growth, more than doubling from 12,972 million USD in March 2021 to 27,213 million USD in September 2026. A primary driver of this expansion was the steady and uninterrupted increase in retained earnings, which climbed from 7,142 million USD to 19,006 million USD, signaling consistent profitability and a strong capacity for internal funding.
Shareholder return strategies are evident in the treasury stock account, which moved from -2,598 million USD in March 2021 to -4,698 million USD in September 2026, indicating an aggressive program of share repurchases. Additionally, common stock saw a notable step-increase in September 2024, rising from approximately 11,400 million USD to over 16,300 million USD.
Financial Solvency and Risk Profile
The relationship between liabilities and equity shifted favorably over the period. While total liabilities remained relatively stable—fluctuating between 25,146 million USD and 28,987 million USD—the rapid growth in total equity significantly reduced the company's overall leverage. The increase in the equity-to-assets ratio suggests a lower reliance on external debt and a more resilient financial cushion against market volatility.
Noncontrolling interests remained relatively stable for the first few years before increasing significantly in December 2023 to 1,170 million USD and maintaining that higher level through 2026, suggesting changes in subsidiary ownership or the acquisition of new minority-owned interests.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?