SLB (SLB) Proxy Filing summary

Executive summary

• Achieved strong operational and financial results in 2025, with $35.71B revenue and $3.37B net income, despite industry challenges.

• Completed the acquisition of ChampionX, contributing $1.5B in revenue and enhancing production and recovery capabilities.

• Returned $4.02B to shareholders, a 23% increase over the prior year, and raised dividends for the fifth consecutive year.

• Advanced digital transformation and data center solutions, with digital recurring revenue surpassing $1B and data center revenue up 121%.

• Marked 100 years of innovation, emphasizing a continued focus on technology and operational excellence.

Voting matters and shareholder proposals

• Election of nine director nominees, all currently serving, to hold office until the 2027 AGM.

• Advisory approval of executive compensation (say-on-pay).

• Approval of 2025 financial statements and dividends.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2026.

• Approval of amendment and restatement of the 2017 Omnibus Stock Incentive Plan, increasing shares available by 40 million.

Board of directors and corporate governance

• Board consists of nine nominees with diverse backgrounds, including two women and seven nationalities.

• Independent Board Chair; all directors elected annually; fully independent key committees.

• Average Board attendance was 97% in 2025; robust director orientation and ongoing education.

• Annual Board and committee evaluations; overboarding policy limits outside board service.

• Proactive shareholder engagement and transparent communication channels.