Leases

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

14. Leases

SLB’s leasing activities primarily consist of operating leases for administrative offices, manufacturing facilities, research centers, service centers, sales offices, and certain equipment. Total operating lease expense, which approximates cash paid and includes short-term leases, was $1.4 billion in each of 2024 and 2023 and $1.2 billion in 2022.

Maturities of operating lease liabilities as of December 31, 2024 were as follows:

(Stated in millions)
2025	$	193
2026		142
2027		118
2028		96
2029		72
Thereafter		249
Total lease payments	$	870
Less: Interest		(128	)
	$	742
Amounts recognized in balance sheet:
Accounts payable and accrued liabilities	$	186
Other Liabilities		556
	$	742

The weighted-average remaining lease term as of December 31, 2024 was 8 years. The weighted-average discount rate used to determine the operating lease liability as of December 31, 2024 was 3.8%.