SLB (SLB) is a public company. SLB is a global technology company that has driven energy innovation for more than a century. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com. It has 81,877 employees. IPO 1978.

Transcript

Operator

Good morning. My name is Sarah and I will be your conference operator today. I would like to welcome everyone to the second quarter SLB earnings call. At this time, all participants are in a listen-only mode. After the speakers' remarks, there will be a Q&A session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. You may remove yourself from the queue by pressing star one again. As a reminder, this call is being recorded. I will now turn the call over to James McDonald, Senior Vice President of Investor Relations and Industry Affairs. Please go ahead.

James McDonald — Senior VP of Investor Relations and Industry Affairs

Thank you, Sarah. Good morning and welcome to the SLB second quarter 2026 earnings conference call. Today's call is being hosted from London following our board meeting held earlier this week. Joining us on the call are Olivier Le Peuch, Chief Executive Officer, and Stephane Biguet, Chief Financial Officer. Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause our results to differ materially from those projected in these statements. For more information, please refer to our latest Form 10-K filing and other SEC filings, which can be found on our website. Our comments today also include non-GAAP financial measures. Additional details and reconciliations to the most directly comparable GAAP financial measures can be found in our second quarter earnings press release, which is on our website. With that, I will turn the call over to Olivier.

Olivier Le Peuch — CEO

Thank you, James. Good morning, ladies and gentlemen. Thank you for joining us. Today, we will begin with our second quarter performance. I will discuss the evolving macro environment and strategic