Schlumberger (SLB) AI Stock Analysis

• Market Cap: $52.14B
• Dividend Yield: 3.15%
• Average Volume (3M): 18.14M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.82
• Revenue Growth: -2.13%
• EPS Growth: -16.76%
• Country: US
• Employees: 110,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.69
• Shares Outstanding: 1,493,923,600
• 10 Day Avg. Volume: 20,485,097
• 30 Day Avg. Volume: 18,135,281
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 1.74
• Enterprise Value/Gross Profit: 8.68
• Enterprise Value/Ebitda: 7.98
• 1Y Price Target: $48.19
• Price Target Upside: 34.50% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 15

• Rating: 73 Outperform
• Price Target: $39.00 ▲(8.85% Upside)

Schlumberger's overall stock score reflects strong earnings call performance and favorable valuation, offset by concerns over financial performance and mixed technical indicators. The company's strategic focus on digital growth and successful integration of new ventures are positive, but cash flow constraints and market volatility pose risks.

Positive Factors

Digital Division Growth

The strong growth in the digital division highlights Schlumberger's successful pivot towards digital solutions, which is expected to outperform global upstream spending. This positions the company well for future growth in a tech-driven industry landscape.

North America Revenue Increase

The significant revenue increase in North America underscores Schlumberger's robust market position and ability to capitalize on regional growth opportunities, enhancing its competitive edge in a key market.

Champagnex Integration Success

Successful integration of Champagnex strengthens Schlumberger's service offerings and revenue base, indicating effective strategic acquisitions that bolster long-term growth and market presence.

Negative Factors

Negative Revenue Growth

The negative revenue growth trend suggests potential challenges in maintaining sales momentum, which could impact long-term profitability and market competitiveness if not addressed.

Declining Free Cash Flow

A decline in free cash flow growth may limit Schlumberger's ability to invest in new opportunities and manage debt, potentially affecting its financial flexibility and strategic initiatives.

Flat Core Division Performance

Flat performance in core divisions highlights challenges in maintaining growth across traditional service lines, which could hinder overall business expansion if not improved.

Schlumberger Business Overview & Revenue Model

Company Description

Schlumberger Limited (SLB) is a leading global provider of technology and services for the oil and gas industry. Founded in 1926, the company operates in various sectors including exploration and production, reservoir evaluation, and drilling, offering a wide range of services such as seismic acquisition, well testing, and artificial lift. Schlumberger is known for its innovative technologies and solutions that enhance the efficiency and sustainability of oil and gas operations, catering to clients worldwide.

How the Company Makes Money

Schlumberger generates revenue primarily through its diverse services and solutions offered to oil and gas companies. The company's key revenue streams include drilling services, reservoir characterization, and production services, with significant contributions from its digital technologies and software solutions. Schlumberger also benefits from long-term contracts with major energy firms, which provide a stable income base. Additionally, strategic partnerships and collaborations with other industry players enhance its service delivery and expand its market reach, further bolstering its earnings. The company's focus on innovation and efficiency allows it to maintain a competitive edge in the volatile energy market.

Schlumberger Financial Statement Overview

Summary

Schlumberger demonstrates solid profitability and efficient operations, with some concerns regarding revenue growth and cash flow trends. The balance sheet reflects a stable financial position with manageable leverage.

Income Statement

Schlumberger's income statement shows strong profitability with a consistent gross profit margin around 20% and a net profit margin above 11% in the TTM. However, the revenue growth rate has turned negative in the TTM, indicating a potential slowdown. Despite this, EBIT and EBITDA margins remain healthy, reflecting efficient operations.

Balance Sheet

The balance sheet indicates a moderate debt-to-equity ratio of 0.67 in the TTM, suggesting manageable leverage. Return on equity is robust at nearly 20%, showcasing effective use of equity. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth, which is concerning. The operating cash flow to net income ratio is below 1, indicating potential cash flow constraints. However, the free cash flow to net income ratio remains strong, suggesting that the company is still generating significant cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.48B	36.29B	33.13B	28.09B	22.93B	23.60B
Gross Profit	7.10B	7.46B	6.56B	5.16B	3.66B	2.60B
EBITDA	7.72B	8.07B	7.54B	6.43B	4.62B	-8.76B
Net Income	4.09B	4.46B	4.20B	3.44B	1.88B	-10.49B
Balance Sheet
Total Assets	48.77B	48.94B	47.96B	43.13B	41.51B	42.43B
Cash, Cash Equivalents and Short-Term Investments	3.75B	4.67B	3.99B	2.89B	3.14B	3.01B
Total Debt	13.70B	12.07B	11.96B	12.23B	14.20B	16.89B
Total Liabilities	27.22B	26.59B	26.60B	25.15B	26.23B	29.95B
Stockholders Equity	20.30B	21.13B	20.19B	17.68B	15.00B	12.07B
Cash Flow
Free Cash Flow	4.66B	4.47B	4.54B	2.00B	3.47B	1.73B
Operating Cash Flow	6.64B	6.60B	6.64B	3.72B	4.65B	2.94B
Investing Cash Flow	-1.69B	-3.15B	-2.78B	-1.39B	-919.00M	-2.35B
Financing Cash Flow	-4.71B	-2.77B	-2.51B	-2.38B	-2.82B	-873.00M

Schlumberger Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLB, the sentiment is Positive. The current price of 35.83 is above the 20-day moving average (MA) of 33.87, above the 50-day MA of 34.52, and below the 200-day MA of 36.02, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 62.08 is Neutral, neither overbought nor oversold. The STOCH value of 90.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLB.

Schlumberger Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKR	79 Outperform	$48.20B	16.86	16.75%	1.84%	1.51%	30.09%
FTI	79 Outperform	$15.42B	18.30	28.72%	0.53%	11.73%	45.70%
HAL	79 Outperform	$22.43B	18.02	12.77%	2.50%	-4.06%	-47.41%
TS	75 Outperform	$19.00B	9.94	12.06%	4.64%	-12.06%	-21.43%
SLB	73 Outperform	$52.14B	13.92	15.46%	3.15%	-2.13%	-16.76%
NOV	70 Outperform	$4.94B	11.57	7.31%	3.68%	-1.21%	-54.44%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Schlumberger Corporate Events

Schlumberger’s Earnings Call Highlights Growth Amid Challenges

In the latest earnings call, Schlumberger expressed a generally positive sentiment, highlighting strong sequential revenue growth, particularly in its digital and North American segments. The successful integration of Champagnex was also a key positive point. However, the company acknowledged challenges such as pipeline disruptions in Ecuador and flat performance in its core divisions. Overall, the positive aspects slightly outweighed the negative challenges, painting an optimistic picture for the company’s future.

SLB Reports Third-Quarter 2025 Earnings Amid Market Challenges

SLB, formerly known as Schlumberger, is a leading global technology company that provides services and solutions for the oil and gas industry, specializing in reservoir characterization, drilling, production, and processing. The company operates in over 120 countries, offering a comprehensive range of products and services to the energy sector.

Schlumberger Appoints Mamatha Chamarthi to Board of Directors

On October 10, 2025, SLB Limited announced the election of Ms. Mamatha Chamarthi to its Board of Directors, effective immediately. Ms. Chamarthi, who is the Senior Vice President and Chief Digital Officer at The Goodyear Tire & Rubber Company, brings a wealth of innovative technology and transformation experience to the board. She will also serve on the Board’s Audit Committee and Energy Innovation and Technology Committee. Her previous roles include Head of Software Business & Product Management at Stellantis N.V. and Chief Information Officer for North America and Asia Pacific. Ms. Chamarthi’s appointment follows her tenure on the Board of Directors of ChampionX Corporation, which was acquired by SLB in July 2025.

The most recent analyst rating on (SLB) stock is a Buy with a $47.60 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.

Schlumberger Rebrands to SLB N.V. After Shareholder Vote

On October 7, 2025, SLB Limited held a Special General Meeting where shareholders approved an amendment to the company’s Articles of Incorporation. This amendment officially changed the company’s name from Schlumberger N.V. to SLB N.V. and allowed the use of ‘SLB Limited’ and ‘SLB Ltd.’ in international transactions. The proposal received overwhelming support, with 82.15% of shares voting in favor, and the changes took effect immediately, signaling a strategic rebranding effort for the company.

The most recent analyst rating on (SLB) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Schlumberger stock, see the SLB Stock Forecast page.