Schlumberger (SLB) AI Stock Analysis

• Market Cap: $66.38B
• Dividend Yield: 2.98%
• Average Volume (3M): 14.41M
• Price to Earnings (P/E): 17.5
• 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: 16,281,403
• 30 Day Avg. Volume: 14,405,608
• PEG Ratio: 1.90
• Price to Book (P/B): 2.58
• Price to Sales (P/S): 1.50
• P/FCF Ratio: 12.18
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 1.75
• Enterprise Value/Gross Profit: 9.15
• Enterprise Value/Ebitda: 8.53
• 1Y Price Target: $48.62
• Price Target Upside: 9.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 16
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $48.00 ▲(8.04% Upside)

SLB scores highest on financial resilience and earnings-call-driven outlook: strong margins, improved leverage, and management’s guidance for sequential Q4 growth and margin expansion led by Digital and Champagnex. The score is held back by weaker revenue/free-cash-flow trends and technical overbought risk (RSI 77), while valuation appears broadly reasonable with a moderate P/E and 2.6% yield.

Positive Factors

Digital division margins

Sustained double-digit digital revenue and very high digital EBITDA margins indicate a structural shift toward higher-margin, software-enabled services. Over months this supports margin expansion, recurring revenue potential from connected assets, and differentiation versus pure services competitors.

Successful Champagnex integration

A sizable, accretive acquisition delivering immediate revenue and pre-tax income demonstrates effective M&A execution. Durable benefit includes broadened product set, cross-sell opportunities, and faster scale in automation/digital offerings, reducing reliance on organic cyclical growth.

Improved leverage and strong ROE

Lower leverage and high ROE indicate stronger capital structure and efficient equity use, increasing financial flexibility to invest in technology and sustain dividends. Over 2-6 months this reduces refinancing risk and supports strategic investments without stressing liquidity.

Negative Factors

Weakened revenue and free cash flow trends

Declining FCF growth and modest cash conversion signal pressure on internal funding for capex, buybacks, or debt paydown. Persisting this trend would constrain reinvestment in digital scale-ups and dividends, eroding long-term financial resilience and strategic optionality.

Core business flat without acquisition

Reliance on acquisition-driven growth masks stagnation in legacy services. If core end markets and regional demand remain flat, organic growth and pricing power may be limited, making long-term revenue sustainability dependent on further M&A or digital adoption success.

Operational/geopolitical exposure

Material revenue loss from a single regional disruption highlights sensitivity to geopolitical and infrastructure risks. Over the medium term this can produce volatile segment results, complicate forecasting, and necessitate higher operational contingency spending, reducing predictability.

Schlumberger Business Overview & Revenue Model

Company Description

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. SLB N.V. was founded in 1926 and is based in Houston, Texas.

How the Company Makes Money

Schlumberger generates revenue primarily through the provision of oilfield services and technology solutions to upstream oil and gas companies. Its revenue model is largely based on charging clients for its services, which include drilling, well services, and reservoir management. Key revenue streams include contracts for drilling services, production optimization, and data analysis. Schlumberger also benefits from long-term contracts with major oil companies and government entities, which provide a stable income. Additionally, the company has formed significant partnerships with other industry players and technology firms to enhance its service offerings and maintain a competitive edge, further contributing to its earnings.

Schlumberger Financial Statement Overview

Summary

Schlumberger demonstrates solid profitability and improved leverage management, but faces challenges in revenue growth and cash flow generation. The company's ability to maintain strong margins amidst revenue contraction is commendable, yet the decline in free cash flow growth warrants attention.

Income Statement

Schlumberger's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate, which is concerning. However, the company maintains strong profitability metrics with a gross profit margin of 19.11% and a net profit margin of 10.34%. The EBIT and EBITDA margins are also healthy at 15.03% and 20.49%, respectively. Despite the recent revenue contraction, the company has demonstrated resilience in maintaining profitability.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 0.47 in the TTM, indicating better leverage management compared to previous years. Return on equity is robust at 16.59%, showcasing effective use of equity to generate profits. However, the equity ratio stands at 48.86%, suggesting a balanced but cautious approach to asset financing.

Cash Flow

Cash flow analysis reveals some challenges. The free cash flow growth rate has declined by 13.45% in the TTM, which is a potential concern for liquidity. The operating cash flow to net income ratio is 0.42, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is 0.69, suggesting that a significant portion of earnings is converted into free cash flow, albeit with room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.25B	36.29B	33.13B	28.09B	22.93B	23.60B
Gross Profit	6.74B	7.46B	6.56B	5.16B	3.66B	2.60B
EBITDA	7.22B	8.07B	7.54B	6.43B	4.62B	-8.76B
Net Income	3.65B	4.46B	4.20B	3.44B	1.88B	-10.49B
Balance Sheet
Total Assets	55.09B	48.94B	47.96B	43.13B	41.51B	42.43B
Cash, Cash Equivalents and Short-Term Investments	3.58B	4.67B	3.99B	2.89B	3.14B	3.01B
Total Debt	12.77B	12.07B	11.96B	12.23B	14.20B	16.89B
Total Liabilities	28.17B	26.59B	26.60B	25.15B	26.23B	29.95B
Stockholders Equity	25.64B	21.13B	20.19B	17.68B	15.00B	12.07B
Cash Flow
Free Cash Flow	4.03B	4.47B	4.54B	2.00B	3.47B	1.73B
Operating Cash Flow	5.87B	6.60B	6.64B	3.72B	4.65B	2.94B
Investing Cash Flow	-619.00M	-3.15B	-2.78B	-1.39B	-919.00M	-2.35B
Financing Cash Flow	-5.35B	-2.77B	-2.51B	-2.38B	-2.82B	-873.00M

Schlumberger Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 44.43 is above the 20-day moving average (MA) of 39.63, above the 50-day MA of 37.67, and above the 200-day MA of 35.15, indicating a bullish trend. The MACD of 1.53 indicates Negative momentum. The RSI at 72.66 is Negative, neither overbought nor oversold. The STOCH value of 77.97 is Neutral, 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
FTI	80 Outperform	$20.00B	22.44	28.72%	0.44%	11.73%	45.70%
BKR	76 Outperform	$49.54B	17.21	16.83%	2.04%	1.51%	30.09%
TS	75 Outperform	$21.51B	10.72	11.69%	4.43%	-9.76%	-18.94%
NOV	72 Outperform	$6.41B	17.51	5.93%	3.24%	-1.43%	-63.13%
SLB	70 Outperform	$66.38B	17.47	15.46%	2.98%	-2.13%	-16.76%
HAL	69 Neutral	$27.08B	21.60	12.77%	2.41%	-4.06%	-47.41%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Schlumberger Corporate Events

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.