Skip to main content

Schlumberger NV (SLB) Stock

Schlumberger NV Stock Details, Movements and Public Alerts

SLB (SLB): The $35.7 Billion Energy Technology Company Pivoting From Oilfield Services to AI and Data Centers

SLB dropped the Schlumberger name in 2022 to signal a transformation that CEO Olivier Le Peuch has been executing for five years. The world's largest oilfield services company is becoming an energy technology company. Its Digital division generates $2.4 billion in annual revenue at 32.7% margins, with a path to 35%, selling AI-powered software that helps oil companies optimize drilling, production, and reservoir management. Data center solutions revenue grew 140% in a single year. New energy businesses spanning carbon capture, geothermal, and lithium extraction are projected to exceed $1 billion in combined revenue. The ChampionX acquisition in 2025 added production chemicals to SLB's portfolio. Yet the core oilfield business faces headwinds: 2025 full-year revenue fell 2% to $35.7 billion as global exploration spending moderated. SLB committed to returning $4 billion to shareholders in 2025 through dividends and buybacks.

52-Week Range

$52.45 - $30.19

-15.41% from high · +46.97% from low

Avg Daily Volume

361,287

Latest volume

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

19.03

Near market average

Forward P/E

14.81

Earnings expected to grow

PEG Ratio

1.56

Reasonably valued

Price to Book

2.57

EV/EBITDA

10.71

EPS (TTM)

$2.35

Price to Sales

1.88

Beta

0.71

Less volatile than market

Q:How is SLB valued relative to its earnings and growth?
Schlumberger NV trades at a P/E ratio of 19.03, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 14.81 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 1.56 indicates reasonable value when growth is considered.
Q:What is SLB's risk profile compared to the market?
With a beta of 0.71, Schlumberger NV is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 2.57 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

9.45%

Operating Margin

16.00%

EBITDA

$7.73B

Return on Equity

13.90%

Return on Assets

6.77%

Revenue Growth (YoY)

5.00%

Earnings Growth (YoY)

-28.60%

Q:How profitable and efficient is SLB's business model?
Schlumberger NV achieves a profit margin of 9.45%, meaning it retains $9.45 from every $100 in revenue after all expenses. This represents a solid margin typical of well-run businesses, showing the company can effectively balance revenue generation with cost control. The operating margin of 16.00% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 13.90% and ROA at 6.77%, the company achieves moderate returns on invested capital.
Q:What are SLB's recent growth trends?
Schlumberger NV's revenue grew by 5.00% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings decreased by 28.60% year-over-year, reflecting the bottom-line impact of business performance. These growth metrics should be evaluated against OIL & GAS EQUIPMENT & SERVICES industry averages for proper context.

Dividend Information

Dividend Per Share

$1.14

Dividend Yield

2.56%

Ex-Dividend Date

Feb 11, 2026

Dividend Date

Apr 2, 2026

Q:What dividend income can investors expect from SLB?
Schlumberger NV offers a dividend yield of 2.56%, paying $1.14 per share annually. This above-average yield of 2-4% provides meaningful income while still allowing the company to reinvest for growth. It compares favorably to the S&P 500 average and offers competitive returns versus bonds in the current rate environment. To receive the next dividend, shares must be purchased before the ex-dividend date of Feb 11, 2026.
Q:How reliable is SLB's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Schlumberger NV pays $1.14 per share in dividends against earnings of $2.35 per share, resulting in a payout ratio of 48.51%. This balanced payout between 30-60% suggests a sustainable dividend policy that allows both shareholder returns and business reinvestment. The dividend appears well-covered by earnings. The next dividend payment is scheduled for Apr 2, 2026.

Company Size & Market

Market Cap

$67.1B

Revenue (TTM)

$35.71B

Revenue/Share (TTM)

$25.13

Shares Outstanding

1.50B

Book Value/Share

$17.46

Asset Type

Common Stock

Q:What is SLB's market capitalization and position?
Schlumberger NV has a market capitalization of $67.1B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 1.50B shares outstanding, the company's ownership is widely distributed. As a participant in the OIL & GAS EQUIPMENT & SERVICES industry, it competes with other firms in this sector.
Q:How does SLB's price compare to its book value?
Schlumberger NV's book value per share is $17.46, while the current stock price is $44.37, resulting in a price-to-book (P/B) ratio of 2.54. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$55.47

25.02% upside potential

Analyst Recommendations

Strong Buy

7

Buy

18

Hold

3

Sell

1

Strong Sell

0

Q:How reliable are analyst predictions for SLB?
29 analysts cover SLB with 86% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $55.47 implies 25.0% upside, but targets are often adjusted to follow price moves rather than predict them.
Q:What is the Wall Street consensus on SLB?
Current analyst recommendations:7 Strong Buy, 18 Buy, 3 Hold, 1 Sell, 0The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Mar 15, 2026, 02:47 AM

Active Alerts

No active alerts for this stock.

Be the first to set up an alert for SLB and get notified when the price changes.

SLB / Schlumberger (SLB) Stock Analysis 2025: Complete Investment Guide

From Schlumberger to SLB: The Energy Technology Pivot

For nearly a century, Schlumberger defined the oilfield services industry. The company invented wireline logging in 1927 and built a global monopoly on subsurface data that oil companies depend on to find and produce hydrocarbons. CEO Le Peuch's rebrand to SLB in 2022 was more than cosmetic. It reflected a strategic shift toward technology-driven revenue streams that reduce the company's dependence on oilfield drilling cycles.

The Digital division is the clearest expression of this shift. SLB sells AI-powered software that helps oil companies model reservoirs, optimize drilling paths, monitor production in real time, and reduce emissions. This software generates recurring SaaS revenue at margins above 32%, far higher than the 15-20% margins typical of traditional oilfield services. The division grew digital revenue 17% year-over-year while the broader business contracted 2%.

Four Business Segments

SLB operates through four divisions. Digital & Integration provides high-margin software, data consulting, and increasingly data center infrastructure solutions (revenue up 140%). Reservoir Performance covers formation evaluation, well testing, and stimulation services that help customers maximize output from existing fields. Well Construction includes drilling services, directional drilling, and drilling equipment. Production Systems, now expanded through the ChampionX acquisition, covers artificial lift, completion equipment, and production chemicals.

The portfolio is designed to serve every phase of the energy production lifecycle, from initial exploration through decades of production, while adding technology layers that generate higher-margin recurring revenue. The data center solutions business applies SLB's subsurface and infrastructure expertise to site selection, power delivery, and cooling for AI data centers, a growing market that leverages capabilities the company already possesses.

Financial Performance

  • •2025 Full-Year Revenue: $35.7 billion, down 2% year-over-year as E&P spending moderated
  • •2025 Profit: $3.37 billion, down 24% due to one-time charges and margin pressure in traditional segments
  • •Digital Division: $2.4 billion annual run rate at 32.7% margins; 17% YoY digital revenue growth
  • •Data Center Solutions: Revenue up 140% year-over-year, starting from a small base
  • •New Energy Revenue: CCUS, geothermal, lithium combined projected above $1 billion
  • •Shareholder Returns: $4 billion target for 2025; $2.3B accelerated buyback; 3.6% dividend increase

Growth Catalysts

  • •AI-Powered Digital Services: SaaS software for oilfield optimization commands 30%+ margins and grows regardless of drilling activity; target is 35% margins
  • •Data Center Infrastructure: SLB's subsurface knowledge and engineering capabilities apply to site selection and infrastructure for AI data centers; 140% revenue growth signals product-market fit
  • •New Energy Scaling: Carbon capture, geothermal, and lithium extraction each represent billion-dollar addressable markets; SLB's engineering capabilities transfer directly
  • •International E&P Recovery: Middle East, offshore deepwater, and Latin America spending expected to grow through 2026-2027 even if North American activity softens
  • •ChampionX Synergies: Production chemicals and artificial lift integration creates cross-selling opportunities across the installed production base

Risks and Challenges

  • •Oil Price Dependence: Despite diversification, the majority of SLB revenue still depends on oil and gas capital spending; a sustained oil price decline below $60 would cut E&P budgets and SLB revenue
  • •2025 Earnings Decline: Full-year profit fell 24%; the market needs to see margin recovery in 2026 to maintain confidence in the transformation story
  • •Transformation Execution: Shifting from a traditional services company to a technology platform requires sustained investment while legacy businesses face cyclical pressure
  • •Energy Transition Timing: New energy businesses are growing but still small relative to the $35B total; the transition to technology-driven revenue will take years to materially change the earnings mix
  • •Competition in Digital: Halliburton and Baker Hughes are also investing in digital oilfield technology; market share in software is less protected than in legacy services

Competitive Landscape

SLB competes primarily with Halliburton and Baker Hughes in oilfield services, forming the 'Big Three' that dominate the global market. SLB is the largest and most internationally diversified, with roughly 80% of revenue from outside North America. Halliburton skews toward North American completions, and Baker Hughes has been building its industrial technology and LNG businesses.

In digital and data center services, SLB competes against a broader set of technology companies. The competitive advantage lies in domain expertise: SLB's century of subsurface data and engineering experience is difficult to replicate with general-purpose AI or software. In new energy, competitors include carbon capture specialists (Aker Carbon Capture), geothermal developers (Ormat Technologies), and lithium technology companies, but none combine all three under one engineering organization.

Who Is This Stock Suitable For?

Perfect For

  • ✓Energy sector investors who want exposure to the technology layer of oil and gas production
  • ✓Income investors attracted to the $4B annual shareholder return commitment and growing dividend
  • ✓Those who believe the energy transition creates new revenue streams for companies with existing engineering capabilities
  • ✓Value-oriented investors who see the 2025 earnings decline as temporary and the digital transformation as undervalued

Less Suitable For

  • ✗ESG-focused investors who avoid oil and gas exposure entirely
  • ✗Growth investors seeking 20%+ revenue growth (SLB is transitioning within a cyclical industry)
  • ✗Those expecting a quick turnaround from the 2025 earnings decline
  • ✗Investors uncomfortable with oil price cyclicality affecting quarter-to-quarter results

Investment Thesis

SLB is an energy company in transition, and 2025 tested whether the market believes in the transformation. Revenue fell 2% and profit dropped 24%, but the Digital division grew 17% at margins above 32%, data center revenue surged 140%, and new energy businesses approached $1 billion. CEO Le Peuch is building a company where the highest-growth, highest-margin segments are technology-driven rather than rig-count dependent.

The bull case is that SLB becomes the Accenture of energy: a technology and consulting platform that earns premium margins on software and services while the traditional business provides cash flow and customer access. The bear case is that oil prices decline, E&P budgets get cut, and the technology businesses are too small to offset the core weakness. The $4 billion shareholder return commitment provides a floor, but the stock's upside depends on whether the digital and new energy segments can grow fast enough to change SLB's valuation from a cyclical oilfield services company to a technology-enabled energy platform.

Conclusion

SLB offers a value-oriented entry into the energy technology theme, with the Digital division and data center business providing growth optionality against a traditional oilfield services base. The $4B shareholder return commitment and growing dividend provide income while the transformation progresses. Best suited for patient investors who believe energy technology will generate premium multiples over oilfield services within 3-5 years.
Bull Case
$62 (45% upside) - Digital margins hit 35%, data center revenue scales, international E&P recovers, new energy exceeds $1.5B
Base Case
$47 (10% upside) - Revenue flat to up slightly, digital growth continues at 15%, margins stabilize, shareholder returns sustained
Bear Case
$30 (30% downside) - Oil prices decline, E&P budgets cut 10%+, digital growth slows, transformation timeline extends

Stay Ahead of the Market with Schlumberger NV Alerts

Set up price alerts for Schlumberger NV and get notified instantly when the price hits your target. Never miss an important price movement again.