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Schlumberger Limited (SLB)
NYSE:SLB
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Schlumberger (SLB) AI Stock Analysis

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SLB

Schlumberger

(NYSE:SLB)

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Outperform 73 (OpenAI - 4o)
Rating:73Outperform
Price Target:
$39.00
â–²(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 (SLB) vs. SPDR S&P 500 ETF (SPY)

Schlumberger Business Overview & Revenue Model

Company DescriptionSchlumberger 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 MoneySchlumberger 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 Key Performance Indicators (KPIs)

Any
Any
Revenue by Geography
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.
Chart InsightsSchlumberger's revenue growth is robust in the Middle East and Asia, driven by strong market demand and strategic expansions, while North America faces challenges with declining revenue due to seasonal and market conditions. The integration of ChampionX is expected to bolster revenue, particularly in production chemicals and artificial lift, offsetting regional declines. Despite macroeconomic uncertainties, the company remains optimistic about future growth, supported by digital segment expansion and synergies from the ChampionX acquisition, which are anticipated to enhance earnings and margins significantly by 2026.
Data provided by:Main Street Data

Schlumberger Earnings Call Summary

Earnings Call Date:Oct 17, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Jan 16, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong sequential revenue growth, particularly in the digital and North American segments, and successful integration of Champagnex. However, challenges such as pipeline disruptions in Ecuador and flat core division performance were noted. Overall, the positive aspects slightly outweigh the negative challenges.
Q3-2025 Updates
Positive Updates
Sequential Revenue Growth
Revenue grew 4% sequentially to $8.9 billion, driven by the addition of Champagnex and resilient core performance.
Digital Division Performance
Digital revenue increased 11% sequentially, with digital operations growing by 39%. The division's EBITDA margin reached 32.7%.
North America Revenue Increase
Revenue in North America grew 17% sequentially, driven by the contribution of Champagnex and higher offshore activity.
Data Center Business Growth
Data center revenue more than doubled year-on-year, with expansion plans beyond the U.S. and new customer onboarding.
Champagnex Integration Success
Champagnex contributed $579 million in revenue and $108 million in pre-tax income, with successful integration and positive customer feedback.
Negative Updates
Pipeline Disruption in Ecuador
A pipeline disruption in Ecuador led to a loss of approximately $100 million in APS revenue.
Flat Core Division Performance
Excluding Champagnex, the core divisions were essentially flat sequentially, demonstrating challenges in regional market conditions.
Earnings Per Share Decline
Earnings per share excluding charges and credits was $0.69, a decrease of $0.05 sequentially and $0.20 year-on-year.
Company Guidance
During the third quarter 2025 earnings call, Slb N.V. provided several key metrics and guidance for the upcoming period. Sequential revenue growth was achieved, largely driven by the digital business Champagnex, which contributed significantly to the 17% revenue increase in North America and 1% in International Markets. Digital revenue grew by 11% sequentially, with a notable 39% increase in digital operations. The company reported more than 20,000 connected assets and a 50% year-on-year increase in automated drilling footage. Looking ahead, Slb N.V. anticipates a sequential step-up in fourth-quarter results, with high single-digit top-line growth. They expect second-half revenue to fall within the midpoint of the previous guidance range of $18.2 billion to $18.8 billion. Additionally, the fourth-quarter adjusted EBITDA margin is forecasted to expand by 50 to 150 basis points sequentially, driven by increased digital and Production Systems earnings. Digital division growth is expected to significantly outperform global upstream spending and the core business, with fourth-quarter digital EBITDA margins potentially reaching 35% on a full-year basis.

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
78
Positive
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
72
Positive
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
65
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue35.48B36.29B33.13B28.09B22.93B23.60B
Gross Profit7.10B7.46B6.56B5.16B3.66B2.60B
EBITDA7.72B8.07B7.54B6.43B4.62B-8.76B
Net Income4.09B4.46B4.20B3.44B1.88B-10.49B
Balance Sheet
Total Assets48.77B48.94B47.96B43.13B41.51B42.43B
Cash, Cash Equivalents and Short-Term Investments3.75B4.67B3.99B2.89B3.14B3.01B
Total Debt13.70B12.07B11.96B12.23B14.20B16.89B
Total Liabilities27.22B26.59B26.60B25.15B26.23B29.95B
Stockholders Equity20.30B21.13B20.19B17.68B15.00B12.07B
Cash Flow
Free Cash Flow4.66B4.47B4.54B2.00B3.47B1.73B
Operating Cash Flow6.64B6.60B6.64B3.72B4.65B2.94B
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 Price35.83
Price Trends
50DMA
34.52
Positive
100DMA
34.41
Positive
200DMA
36.02
Negative
Market Momentum
MACD
0.07
Negative
RSI
62.08
Neutral
STOCH
90.94
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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$48.20B16.8616.75%1.84%1.51%30.09%
79
Outperform
$15.42B18.3028.72%0.53%11.73%45.70%
79
Outperform
$22.43B18.0212.77%2.50%-4.06%-47.41%
75
Outperform
$19.00B9.9412.06%4.64%-12.06%-21.43%
73
Outperform
$52.14B13.9215.46%3.15%-2.13%-16.76%
70
Outperform
$4.94B11.577.31%3.68%-1.21%-54.44%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SLB
Schlumberger
35.83
-4.35
-10.83%
BKR
Baker Hughes Company
47.30
10.71
29.27%
FTI
TechnipFMC
39.49
13.58
52.41%
HAL
Halliburton
26.55
-0.56
-2.07%
NOV
NOV
13.84
-0.96
-6.49%
TS
Tenaris SA
35.79
5.01
16.28%

Schlumberger Corporate Events

Schlumberger’s Earnings Call Highlights Growth Amid Challenges
Oct 21, 2025

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
Oct 18, 2025

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.

Executive/Board Changes
Schlumberger Appoints Mamatha Chamarthi to Board of Directors
Neutral
Oct 10, 2025

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.

Business Operations and StrategyShareholder Meetings
Schlumberger Rebrands to SLB N.V. After Shareholder Vote
Neutral
Oct 7, 2025

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.

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.Date of analysis: Oct 23, 2025