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, 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable and accrued liabilities 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 8,442 9,201 9,824 10,168
Estimated liability for taxes on income 814 833 936 982 888 867 987 994 935 859 1,038 1,002 938 884 940 879 907 924 983 1,015 974 1,054 1,157
Short-term borrowings and current portion of long-term debt 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 36 749 850 1,292 603 1,233
Dividends payable 443 402 404 403 406 410 411 374 373 373 374 263 263 270 195 189 188 189 185 184 184 184 704
Current liabilities 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 10,491 11,651 11,665 13,262
Long-term debt, excluding current portion 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 16,036 16,471 16,763 15,409
Postretirement benefits 502 502 507 512 176 175 177 175 166 167 168 165 233 232 232 231 905 956 1,003 1,049 854 905 936
Deferred taxes 827 12 37 67 171 135 115 140 157 183 194 61 86 99 77 94 19 42
Other liabilities 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 2,350 2,721 2,836 3,004
Noncurrent liabilities 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 19,454 20,046 20,546 19,349
Total liabilities 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 29,945 31,697 32,211 32,611
Common stock 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 12,970 12,921 13,044 12,963
Treasury stock (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) (3,033) (3,055) (3,339) (3,360)
Retained earnings 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 7,018 6,818 7,073 10,681
Accumulated other comprehensive loss (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) (4,884) (4,743) (4,738) (4,723)
Total SLB stockholders’ equity 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 12,071 11,941 12,040 15,561
Noncontrolling interests 1,287 1,249 1,233 1,220 1,217 1,209 1,187 1,170 321 326 312 304 312 300 292 282 303 297 429 418 428 416 422
Total equity 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 12,489 12,369 12,456 15,983
Total liabilities and equity 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 42,434 44,066 44,667 48,594

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Accounts Payable and Accrued Liabilities
This liability category exhibited a general decline from early 2020 to mid-2021, decreasing from approximately $10.2 billion to around $7.6 billion. Subsequently, a gradual increase was observed through 2022 and into 2023, peaking at about $10.9 billion by the end of 2023. The amounts remained somewhat stable with minor fluctuations in 2024 and 2025, ending near $10.9 billion.
Estimated Liability for Taxes on Income
The estimated tax liability showed a downward trend from early 2020 through mid-2021, declining from roughly $1.2 billion to below $900 million. After a moderate recovery to just over $1 billion by the end of 2022, the amounts trended downward again through 2024 and 2025, falling below $1 billion, ending around $810 million.
Short-term Borrowings and Current Portion of Long-term Debt
The short-term borrowings displayed significant volatility. Initial values hovered near $1.2 billion in March 2020 but decreased sharply mid-2020 to around $600 million. Following this, a notable increase and spikes were observed, with peaks exceeding $3.4 billion in mid-2025. The trend indicates increased reliance on short-term debt in later periods.
Dividends Payable
Dividends payable remained relatively stable throughout the period, with values fluctuating moderately between approximately $184 million and $444 million. A slight upward trend is detectable towards 2024 and 2025, implying gradually increasing dividend obligations.
Current Liabilities
Current liabilities declined from about $13.3 billion at the start of 2020 down to approximately $8.8 billion mid-2021, followed by a steady increase to a peak near $15 billion in mid-2025. The overall movement suggests improved short-term liability management early on, with a later increase possibly reflecting expanded operations or increased short-term obligations.
Long-term Debt, Excluding Current Portion
The long-term debt showed a moderate decreasing trend from approximately $15.4 billion at the beginning of 2020 to about $10.5 billion by mid-2025. There were some fluctuations in late 2023 and early 2024, but the general direction indicates debt reduction or repayment over the period.
Postretirement Benefits
Postretirement benefit liabilities declined steadily from nearly $936 million in early 2020 to around $165 million by the end of 2022. Afterwards, minimal fluctuations and some slight increases occurred, mostly stabilizing between $500 million and $510 million in 2024 and 2025.
Deferred Taxes
Deferred tax liabilities were irregular, with missing data during early periods. However, available data indicates variability, with values ranging from near zero to a substantial $827 million by the end of 2025. The variability suggests changes in tax planning and recognition of deferred items.
Other Liabilities
Other liabilities trended downward overall, decreasing from around $3 billion at the start of 2020 to approximately $1.8 billion by mid-2025. Minor increases occurred in periods but the general trend reveals a reduction in miscellaneous liabilities.
Noncurrent Liabilities
Noncurrent liabilities steadily declined from about $19.3 billion in early 2020 to roughly $13.2 billion by mid-2025. Occasional upward movements were noted, but the overall pattern suggests ongoing liability reduction on a long-term basis.
Total Liabilities
Total liabilities decreased from approximately $32.6 billion in early 2020 to around $26.6 billion toward the end of 2023, followed by a slight increase up to approximately $28.3 billion by mid-2025. This reflects overall liability management with some resurgence in obligations in later periods.
Common Stock
Common stock values declined modestly from nearly $13 billion in early 2020 to about $11 billion by early 2023, with a notable increase up to $16.3 billion by late 2025, indicating additional stock issuance or capital increases in the final observed periods.
Treasury Stock
Treasury stock showed a consistent reduction in absolute value, decreasing from a negative $3.3 billion (indicating shares repurchased) in early 2020 to a lesser negative balance near $560 million by early 2023. Following this, repurchases increased again, resulting in a negative value surpassing $3 billion by mid-2025. This pattern reflects active share buyback programs with variation over time.
Retained Earnings
Retained earnings demonstrated a steady increase across the period, rising from approximately $10.7 billion in early 2020 to over $17.7 billion by late 2025. This persistence indicates consistent profitability and reinvestment of earnings during the timeline.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss remained relatively consistent in a range around negative $4.7 billion in early 2020, with moderate fluctuations throughout. A noticeable deterioration occurred approaching $4.9 billion negative in early 2024, then a partial improvement was seen through mid-2025, though losses remained substantial.
Total Stockholders’ Equity
Stockholders’ equity increased markedly from roughly $15.6 billion at the beginning of 2020 to around $25.6 billion by late 2025. The growth corresponds with increased retained earnings and common stock, reflecting improving net asset positions over time.
Noncontrolling Interests
Noncontrolling interests were relatively minor but increased substantially from about $400 million in early 2020 to over $1.2 billion by the end of 2025, indicating growing third-party ownership interests within subsidiaries.
Total Equity
Total equity followed the robust upward trend of stockholders’ equity, increasing from about $16.0 billion in early 2020 to nearly $27.0 billion by late 2025, suggesting enhanced capital structure and owner value accumulation.
Total Liabilities and Equity
The sum of liabilities and equity showed a gradual decrease from approximately $48.6 billion in early 2020 to about $42 billion by late 2020, followed by a consistent rise reaching over $55 billion by the end of 2025. This pattern broadly reflects overall growth in company size and capitalization during the period.