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SLB
(NYSE:SLB)
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Rating:68Neutral
Price Target:
$53.00
â–²(1.11% Upside)
Action:Reiterated
Date:07/30/26
SLB scores above average primarily due to strong cash generation and a sounder leverage profile, supported by generally positive guidance and growth drivers in Digital and Data Center Solutions. The score is held back by a weak intermediate technical setup (below 50/100-day averages), elevated valuation (P/E 47.6), and meaningful Middle East disruption risk that management quantified as a potential near-term revenue and EBITDA headwind.
Positive Factors
Free Cash Flow Generation
SLB's strong operating cash flow and meaningful free cash flow provide durable internal funding for capex, dividends and buybacks, reducing reliance on external financing. Consistent FCF improves financial flexibility to support strategic investments and shareholder returns over the next 2–6 months.
Negative Factors
Middle East Geopolitical Risk
Ongoing regional disruption has a concentrated revenue and EBITDA impact and management warns recovery will take time. Geopolitical constraints can repeatedly curtail mobilization, raise costs, and create recurring downside scenarios that depress near-term revenues and margins across well construction and reservoir services.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
SLB's strong operating cash flow and meaningful free cash flow provide durable internal funding for capex, dividends and buybacks, reducing reliance on external financing. Consistent FCF improves financial flexibility to support strategic investments and shareholder returns over the next 2–6 months.
Read all positive factors
SLB Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Schlumberger is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Schlumberger is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlySLB (SLB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$72.59B
Dividend Yield2.34%
Average Volume (3M)15.23M
Price to Earnings (P/E)23.8
Beta (1Y)0.67
Revenue Growth2.34%
EPS Growth-29.38%
CountryUS
Employees109,000
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)2.08
Shares Outstanding1,484,143,200
10 Day Avg. Volume13,062,796
30 Day Avg. Volume15,234,959
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)2.16
Price to Sales (P/S)1.58
P/FCF Ratio11.77
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$63.47Price Target Upside21.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)2.49
Revenue Forecast (FY)$36.85B
SLB 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 dev...
How the Company Makes Money
SLB makes money primarily by selling technology, services, and equipment used to plan, drill, complete, and produce oil and gas wells, and by supporting ongoing field operations with production and reservoir solutions. Its revenue model is largely...
SLB Earnings Call Summary
Earnings Call Date:Jul 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 16, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and strategic picture: sequential revenue growth, strong performance and margin expansion in Digital and Production Systems, rapid scaling of Data Center Solutions with a clear $2+ billion exit rate target, improved free cash flow and active shareholder returns. These positives were tempered by meaningful, ongoing disruption in the Middle East (a ~13% sequential revenue decline in the region), some YoY earnings decline, net debt of $8.7 billion, and downside geopolitical risk that could subtract ~$150 million of Q3 revenue and ~$75 million of adjusted EBITDA in a severe scenario. On balance, the company conveyed confidence in recovery paths, diversification drivers (digital, data centers, deepwater), and an encouraging outlook into Q3/Q4 and 2027.Positive Updates
Solid Quarterly Revenue and Sequential Growth
Company revenue of $9.0 billion in Q2 2026, up ~3% sequentially, driven by broad-based international growth and a rebound in North America.
Negative Updates
Middle East Disruption and Revenue Impact
Middle East activity remained disrupted by regional conflict. Middle East revenue declined ~13% sequentially to approximately $1.36 billion (company clarified figure). Operations in some countries (notably Iraq) remain constrained by security, and a full recovery is expected to take time.
Read all updates
Q2-2026 Updates
Positive
Negative
Solid Quarterly Revenue and Sequential Growth
Company revenue of $9.0 billion in Q2 2026, up ~3% sequentially, driven by broad-based international growth and a rebound in North America.
Read all positive updates
Company Guidance
SLB's guidance calls for Q3 base-case sequential global revenue growth of 3–4% with adjusted EBITDA margin expansion of roughly 75 basis points; management expects core divisions to grow low‑ to mid‑single digits sequentially and Digital to grow in the low single digits. They disclosed a downside scenario in which flat sequential Middle East revenue would reduce Q3 revenue by about $150 million and impose an adjusted EBITDA headwind of about $75 million. For Q4 the company preliminarily assumes Middle East activity of $2.1–$2.2 billion (≈95% of Q4 2025), expects Q4 revenue to exceed $10 billion (~5% year‑over‑year growth) with an adjusted EBITDA margin near 24%, and reiterated longer‑term targets including Data Center Solutions exiting 2027 at an annualized revenue run rate above $2 billion; full‑year capital investments remain ~ $2.5 billion, minimum share repurchases $2.4 billion, and total 2026 shareholder returns targeted at >$4 billion.SLB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.37B | 35.71B | 36.29B | 33.13B | 28.09B | 22.93B |
| Gross Profit | 6.01B | 6.50B | 7.46B | 6.56B | 5.16B | 3.66B |
| EBITDA | 7.15B | 7.15B | 8.07B | 7.54B | 6.43B | 4.62B |
| Net Income | 3.08B | 3.35B | 4.46B | 4.20B | 3.44B | 1.88B |
Balance Sheet | ||||||
| Total Assets | 55.53B | 54.87B | 48.94B | 47.96B | 43.13B | 41.51B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 4.21B | 4.67B | 3.99B | 2.89B | 3.14B |
| Total Debt | 12.80B | 12.31B | 12.07B | 11.96B | 12.23B | 14.20B |
| Total Liabilities | 28.28B | 27.58B | 26.59B | 26.60B | 25.15B | 26.23B |
| Stockholders Equity | 26.07B | 26.11B | 21.13B | 20.19B | 17.68B | 15.00B |
Cash Flow | ||||||
| Free Cash Flow | 4.75B | 4.79B | 4.47B | 4.54B | 2.00B | 3.47B |
| Operating Cash Flow | 6.53B | 6.49B | 6.60B | 6.64B | 3.72B | 4.65B |
| Investing Cash Flow | -2.75B | -1.41B | -3.15B | -2.78B | -1.39B | -919.00M |
| Financing Cash Flow | -4.26B | -5.64B | -2.77B | -2.51B | -2.38B | -2.82B |
SLB Technical Analysis
Positive
52.42
Price Trends
50.80
Negative
51.34
Negative
46.42
Positive
Market Momentum
-0.55
Negative
65.70
Neutral
75.11
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 52.42 is above the 20-day moving average (MA) of 48.02, above the 50-day MA of 50.80, and above the 200-day MA of 46.42, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 65.70 is Neutral, neither overbought nor oversold. The STOCH value of 75.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLB.
SLB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $30.11B | 15.21 | 11.65% | 3.16% | 1.69% | 16.35% | |
77 Outperform | $27.48B | 24.46 | 35.29% | 0.26% | 8.77% | 35.66% | |
69 Neutral | $59.46B | 19.26 | 16.25% | 1.61% | 0.42% | 1.75% | |
68 Neutral | $72.59B | 23.84 | 11.84% | 2.21% | 2.34% | -29.38% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $26.36B | 16.87 | 15.08% | 2.04% | 0.63% | -10.50% | |
52 Neutral | $6.88B | 74.73 | 1.53% | 2.02% | -1.63% | -78.44% |
* Energy Sector Average
SLB
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SLB Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Schlumberger Issues Regulation FD Disclosure on Operations
Neutral
Jul 24, 2026
On July 24, 2026, SLB announced via a press release that it had furnished information under Item 7.01 of Form 8-K, clarifying that the disclosure is treated as “furnished” rather than “filed” under U.S. securities regulatio...
Business Operations and StrategyFinancial Disclosures
SLB Schedules 2026 Digital Investors Day in New York
Neutral
Jun 10, 2026
On June 10, 2026, SLB announced it will host its 2026 Digital Investors Day in New York on June 17, 2026, with presentations from chief executive officer Olivier Le Peuch and chief financial officer Stephane Biguet made available through the compa...
Private Placements and Financing
Schlumberger Issues $2 Billion in New Senior Notes
Positive
May 12, 2026
On May 7, 2026, Schlumberger Investment S.A. issued a total of $2 billion in senior unsecured notes, comprising $500 million of 4.550% notes due 2031, $500 million of 4.800% notes due 2033 and $1 billion of 5.150% notes due 2036. The notes, fully ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.