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Schlumberger ( (SLB) ) has issued an announcement.
On June 24, 2025, SLB CEO Olivier Le Peuch addressed the J.P. Morgan Energy, Power & Renewables Conference, highlighting the company’s operational challenges in the second quarter of 2025. Despite uncertainties in energy markets, including geopolitical tensions and tariff negotiations, SLB experienced a decline in activity in Saudi Arabia and Latin America, offset by growth in the Middle East and North Africa. The company anticipates flat revenue and EBITDA for the quarter, with the Well Construction division facing margin pressures. SLB remains committed to returning $4 billion to shareholders in 2025.
The most recent analyst rating on (SLB) stock is a Buy with a $69.00 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.
Spark’s Take on SLB Stock
According to Spark, TipRanks’ AI Analyst, SLB is a Outperform.
Schlumberger’s overall stock score reflects strong financial performance with robust revenue and profit growth, effective cost management, and solid cash flow generation. Despite positive valuation metrics, technical indicators suggest potential bearish momentum, and mixed signals from the earnings call introduce some uncertainty. The company’s strategic focus on digital and low carbon markets is a positive long-term growth driver.
To see Spark’s full report on SLB stock, click here.
More about Schlumberger
Schlumberger, now known as SLB, operates in the energy sector, providing technology and services for oil and gas exploration and production. Its primary focus is on well construction, production systems, reservoir performance, and digital integration, with a significant market presence in the Middle East, North Africa, and Latin America.
Average Trading Volume: 17,248,320
Technical Sentiment Signal: Sell
Current Market Cap: $48.75B
For detailed information about SLB stock, go to TipRanks’ Stock Analysis page.